Featuring: Country Demographics and the Impact on Economies
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Demographic's Economic Impacts

Economists have long looked at population statistics and trends when making predictions or analyzing economic situations. A popular way to compare different countries has been population pyramids, which break down a country’s population by age group and gender. The graph’s shape comes about because generally, younger age groups make up a greater percentage of the population than their older counterparts. In recent decades, this is beginning to change, as fertility rates drop and people live longer, worrying many about the possible economic ramifications.

An aging population presents several issues, most notably the size of the economy’s workforce. A smaller working age population will see decreases in economic productivity, unless advances in technology can increase productivity per worker. A larger elderly population will also require more support and care, a difficult task when there are fewer workers. In several countries, such as Germany and Russia, the effects of an aging population are beginning to emerge, as more retirees return to the workforce and demand in industries such as healthcare increases. Japan recorded a population decline earlier this year, the first such decline since the 1920s, which is extremely rare for a country during peacetime.

As lifestyles change and population growth slows, business and government leaders will have to adapt to the new realities of an older population.

Featured Resources

World Bank: Data

The World Bank Data tab is a portal to an enormous database of world statistics.  Information is organized by country and topic.  A separate section is devoted to world development indicators such as agricultural development, economic policy, and the environment.

Categories: GlobalStatistical Data Sources

International Labour Organization: World Employment and Social Outlook- Trends

The World Employment and Social Outlook - Trends is a flagship publication by the International Labour Organization that examines the latest statistics and projections on several indicators of the labor market. The data includes items such as global employment/unemployment, continuing inequality, falling wage shares, and other factors driving the rising middle class. The report also addresses structural factors affecting the world of work.

Categories: GlobalStatistical Data SourcesPublications

Featured Academy

Culture

The Culture module offers one a general understanding of the following: what is meant by culture, why it is important to learn about other cultures, and the different levels of culture in society; various dimensions of and approaches to understanding culture; the implications of cultural differences in conducting international business; the impact of culture on business negotiations and how to conduct business successfully in a foreign culture.

Global Market Opportunity Assessment

The Global Market Opportunity Assessment module informs one on the following issues: why it is important to assess global market opportunities; how companies conduct market opportunity assessment; what makes market research effective; practical approaches to identifying foreign market opportunities. A sample global market opportunity assessment questionnaire and a case study on Thailand’s growing importance in the global export market are also included in the module.

globalEDGE Business Beat

A Discussion Of Global Trade

Hosted by Tomas Hult, this interview segment of the globalEDGE Business Beat focuses on current trends and issues in international business and trade. Bruce Keillor is the guest. He is Professor, Chair of the Department of Marketing, and a core leader of the Williamson Center for International Business at Youngstown State University. Bruce has been tackling international trade issues for several decades; he elaborates on his current take of international trade and global engagement; what the U.S. needs to do to become even more competitive globally than it is now; and if the country should agree to more trade agreements with potential country partners.

Entrepreneurship Is Now Campus Wide At MSU

Hosted by Tomas Hult, this interview segment of the globalEDGE Business Beat focuses the new campus wide entrepreneurship program at Michigan State University. Started as a minor in the Eli Broad College of Business, the entrepreneurship program is now available throughout campus and provided in collaboration with all 17 colleges at Michigan State University. The guest for this segment isNeil Kane. He is the inaugural Director of Undergraduate Entrepreneurship at Michigan State University. He talks about current activities in the entrepreneurship program; why there is a focus on entrepreneurship and innovation; and how students can get plugged in.

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World Investment Forum (WIF) 2016

We are proud to announce that Dr. Tomas Hult will be speaking at the WIF, held July 17th through the 21st! The discussion will highlight ways to promote FDI in SDG sectors. Click here to learn more about the program, and click here for an accompanying blog post on the conference.

From the gE Blog

Check out our new globalEDGE blog post, which discusses the impact a declining working-age population will have on the global economy, specifically in Germany.

Fact of the Month

Currently, the world’s population is growing 1.18% a year, which is approximately 83 million people annually. It is projected to reach 8.5 billion in 2030, 9.7 billion by 2050, and 11.2 billion by 2100.

Source: United Nations

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