Geoff Stone

Geoff Stone - Senior Economist, Export Development Canada

Geoff specializes on the US, Mexican and Caribbean economy with a particular focus on the energy, consumer goods, chemicals and plastics sectors. He is responsible for economic analysis and forecasting of these regions.

Geoff Stone - Senior Economist, Export Development Canada (EDC)

Geoff specializes on the US, Mexican and Caribbean economy with a particular focus on the energy, consumer goods, chemicals and plastics sectors. He is responsible for economic analysis and forecasting of these regions in EDC.

That number has risen from 16% in 2002 and the trend continues, according to Export Development Canada senior economist Geoff Stone.
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Stone describes service exports as anything intangible that can be sold internationally."It's just like a good, except if you dropped it on your foot it wouldn't hurt," he says.

EXPORTING SERVICES CAN BE TRICKY.When Travis looks to break into a market, he weighs a plethora of issues and risks.He factors in foreign governments and their sometimes tumultuous policies.He knows that languages and cultures will differ, as will the administrative effort and tactics that are required, and takes that into account.Like any business that wants to export its expertise, he goes through a deliberate and thoughtful planning process, which is not only necessary but vital if it's going to be a successful venture.

For details contact Geoff Stone, Senior Economist, Economic Analysis and Forecasting Department, EDC.Phone: (613) 597-7871.Email: gstone@edc.ca

The development bank's senior economist Geoff Stone, who specializes in trade with the Caribbean, said New Brunswick companies should work on breaking into nations where governments have committed to attaining developed-country status, citing Trinidad and Tobago as an example.

"There's a lot of government spending that is going on as that country tries to reach developed status by 2020," Stone said.

Trinidad and Tobago is looking to diversify its economy, Stone said, which means government may be looking for higher technology companies to move in.

Stone warned that while the United States has been hit the worst by the global economic downturn so far, countries in Latin and South America that previously benefited from liquidity in the market, foreign direct investment and consumer spending on travel will still suffer economic woes.

Conference Board of Canada economist Geoff Stone said it was obvious that B.C. had to do something to prevent loading one deficit upon another until the debt became problematic.

He said it was too soon to say if the government's actions with respect to changing public-sector contracts would have a negative impact on the economy.That assessment will only be possible, Stone said, after it is clear what labour's response will be.