Even though the Brussels Summit on 9 December brought an agreement on binding rules over tax and spending, and sanctions against countries that overspend, the recession will still be a reality to tackle for EU business leaders in 2012. As governments, corporations, financial institutions and the European Union work to transform themselves there is a real risk of severe disruptions to normal patterns of economic activity.

With demand from the developed world tepid at best, trade between emerging markets themselves will accelerate with an emphasis on the new and leisured classes in such markets as Brazil, China, India, Indonesia, Korea, Malaysia,  Mexico, Russia, Turkey.

By and large, emerging market consumers, companies and governments are starting with low levels of debt, there is 'no debt overhang' and no need for the pain of austerity and deleveraging the developed world is suffering. In other words, most emerging market economies still have to a way to run.

People in Russia want the kind of things that people in the U.S. and Western Europe take for granted. They just want fair elections. They want a kind of real, plural media that listens to opposition voices. They want a more plural political landscape, because at the moment, basically Russia is formally a democracy but in reality it is nothing of the kind. It has a pretend opposition rather than a real opposition. And it has none of the safeguards that are taken for granted in the West. The court system is corrupted and susceptible to political influence.

Libya is a nation in the process of a major transition. As it recovers from the devastation of the past year it will have a real need for foreign investors to contribute to both its reconstruction effort as well as major industries, such as its oil and gas sector. Libya is set to become a new global player in the world of business and commerce. The new Libyan Government aims to incorporate its recently released assets into a national recovery plan, diversifying the country's economy in a way that will allow it to prosper in a variety of forms.

The U.S. Chamber of Commerce which is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations announced on 20 December 2011 its full support to the establishment of a US-Libyan Chamber of Commerce.

On 22 December 2011, AALEP received the visit in Brussels of Dr. Ramon Bruesseler, Executive Director of the European Chamber of Commerce and Industry in Lao PDR. Both organizations are linked through a Protocol of Cooperation. The visit provided an opportunity to exchange views and to discuss possible action programmes to be implemented in 2012 to further public participation in the Lao decision-making process.

According to the 2012 A.T. Kearney (Management Consultants) FDI Confidence Index, large and medium-size emerging markets register the most positive changes in investor outlook. Top destinations for foreign direct investments in 2012 include: 1. China 2. India 3. Brazil 4. United States of America 5. Australia 6. Singapore 7. Indonesia 8. Malaysia 9. South Africa 10.Russia 11.Turkey 12. Vietnam 13. United Arab Emirates 14. Thailand 15. Taiwan 16. South Korea 17. Japan

Among all of Mr. Vaclav Havel's contribution to the world-- playright, activist, Czech independence leader, Czech President and what today's New York Times obituary calls 'a global ambassador of conscience'- his least celebrated role might be that of public intellectual.

Amid the current world financial turmoil, Russia's admission into the World Trade Organization (WTO) is seen by many as a beacon of hope. It will enhance free and fair trade as well as boost international cooperation at the same time.

Russian consumers hope admission will bring price stability or even a tangible drop in the cost of living. Western investors are banking on Moscow's membership in the rules-based body leading to more reliability and adherence to the rule of law by their partners when conducting business in the country.

The EU's room for manoeuvre is very small. Indeed 65% of EU imports take place inside the EU and about 5% with countries linked by commercial treaties. If you take out oil imports, only 20% remains out of which about 10% from low wage countries. In the 10% the largest part concerns goods that are not produced or not  produced anymore in Europe or goods that are integrated in European productions. Protectionism would therefore not protect any revenue and would have as a direct consequence the reduction of the competitiveness of export industries.