In this installment of the globalEDGE Mega Trends in Business series, we take a look at how global businesses are responding to climate change. Day by day, governments the world over are increasing collaborative efforts against climate change by solidifying various international deals and agreements. With this, regulatory pressure is mounting on multinational companies to ensure that their practices meet environmentally-friendly standards. Several firms are answering the call and taking active stands against the threat of climate change, framing it as a business issue as well as an environmental one. Some corporations are forming coalitions across countries to reach a common consensus on necessary action. Others are shifting their business and investment practices in order to adapt to government legislation. Whatever the process, it is clear that climate change will be an unavoidable factor in future global business practices.
globalEDGE Blog - By Tag: mega trends in business series
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Present-day society has become extremely technologically advanced, and economic sectors with on-demand technologies are continuing to evolve at a rapid pace. Specifically, on-demand refers to services with digital platforms that give you instant access to the services they provide. While these technological advances are often seen as beneficial and representative of how far we may advance in the 21st century, many businesses have been negatively affected by unforeseen issues.
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The International Monetary Fund has lowered its global outlook for the 2016-2017 year, despite a fairly strong performance during 2016. The U.K.’s vote to leave the European Union has led to uncertainty macro economically and may lead to a negative impact due to damaging investor confidence and market sentiment. The IMF is projecting that the advanced economies will hold steady with growth at 1.8% for both 2016 and 2017, and the overall global growth is projected to increase by 3.1% in 2016, 3.4% in 2017.
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In the third installment of the long-term mega trends blog series from globalEDGE we will examine urbanization and its implications for economic growth. Urbanization is taking place across the globe from the developed nations of North America & Western Europe, to some of the poorest places on Earth, including Sub-Saharan Africa and Southern Asia. Each region of the world is urbanizing at different paces and are creating different degrees of economic growth as a result of urbanization. In this blog we will examine how the world is urbanizing and the differences in urban population growth rate/population percentage throughout the world.
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This week, the globalEDGE blog is taking a look at long-term mega trends that will have a major impact on international business in the coming years. Today, the focus is on changes in demographics and society, and how these factors can influence business decisions. Being aware of demographic and social shifts is vital for businesses, especially those who are conducting business across international borders. Changes in population or consumer attitudes can force businesses to adapt, or risk losing their place in the industry. Because of this, many businesses are constantly looking to the future to try to get ahead of the trends before their competitors can.