International Business Resource Desk
The World Is your Market: Small Businesses Gear Up For Globalization: A white paper by Laurel Delany discussing the emergence of small businesses into the global market. A great introduction for the entrepreneur making first steps into the international marketplace.
Country Insights
Featured Country: Chile: Home to the Andes Mountains, the Republic of Chile is a nation poised to play a larger role in the global business world. Following a severe 1970 depression, Chile began to shift towards a more privatized economic system. The shift paid off, and over the last three decades, Chile has become one of Latin America’s most stable and prosperous nations. Chile also recently widened its access to the global trade market by signing Free Trade Agreements(FTAs) with global power players such as China, the U.S., European Union, Singapore, and Japan. In addition to the FTAs, Chile’s laissez-faire business regulations and strong protection of property rights have made it an ideal trade partner. This has led to a high volume of foreign trade, and Chile becoming the 25th most competitive country in the world. As for the goods and services which make them competitive, Chile’s economy is highly dependent on mining, as it is home to the largest copper reserves in the world. Other major Chilean industries include manufacturing and financial services. The commodity bubble of 2008 allowed Chile to amass large amounts of capital, and responsible fiscal policies have allowed this capital to help carry the nation through the recent economic downturn. The extra capital makes Chile primed for future growth as the rest of the world recovers.
State Insights
South Carolina:
South Carolina is located in the southeastern part of the United States with access to the Atlantic Ocean. The state (along with North Carolina) was originally named after King Charles I of England. The name “Carolina” was derived from the Latin word form of Charles, “Carolana”. It was not until 1729 that South Carolina split from its northern neighbor and the two became separate states. South Carolina became the eighth colony to ratify the Constitution and declare independence from Great Britain in 1788.
South Carolina was primarily an agricultural state until the 20th century.
Industry Profiles
International Trade Administration Industry Data: This section of the ITA website provides information about many manufacturing and service industries in the U.S. The site features industry statistics, as well as a number of reports on performance of each industry, including forecasts and historical analysis, and export information. All sections may not be included for all industries.
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globalEDGE™ International Business Blog
The Michigan State University Center for International Business (MSU-CIBER) has recently released the 2009 Market Potential Index for Emerging Markets (MPI).
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Grant Opportunities: This section provides information about grant opportunities available to the international business community through a variety of sources, including government agencies and international organizations such as Fulbright.
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