Globalization has created a platform for the world’s corporations to become better connected and integrated. This has made it easier than ever for companies to grow and expand worldwide. This leads to an increase in demand for employees that are knowledgeable and understanding of global markets and different regions around the world. Studying international business will develop a students’ global mindset and international perspective. International business also teaches students how to deal with a variety of business strategies, management styles, and organizations.
globalEDGE Blog Archive November 2018
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Stan Lee, an exceptional individual who helped to create remarkable characters like Iron Man, Thor, the Hulk, and the X-Men, passed away last week at the age of 95. He was a comic book writer and more importantly, revolutionized the comic book industry. In his stories, the superheroes are more relatable. They go through hardships that normal people experiences, that the readers experiences. For example, he created a new superteam, The Fantastic Four, that broke the tradition of flawless, impeccable superheroes. He targeted his audiences well, and as a result, helped Marvel in becoming an important pillar in Hollywood.
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The globalEDGE team recently updated the Forbes Global 2000 Largest Public Companies data to reflect the most current year. This dataset includes the value of sales, profits, assets, and market value for each of the listed corporations. Collectively, these 2000 publicly traded companies account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets, and $56.1 trillion in market value. The strong global economic expansion of the past year has seen all of these metrics grow by double digits as compared to last years data.
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As of November 19, 2018, the United States Government has $21.73 Trillion dollars in national debt. In the past, that hasn’t been so concerning because strong demand for US debt kept the interest rates low. Collectively, Americans have been increasingly concerned and aware of the rising debt and the implications that come with it.
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Country and State Trade Statistics have been updated on the globalEDGE. These statistics summarize exports and imports via a variety of metrics, such as importer and exporter rank, total trade balance, top 10 export and import partners for each country and state, top 10 export and import goods for each country and state, and the impact of trade for each state. A comprehensive list of all trade values and goods can also be found for every country and state.
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Amidst legislative restructurings revolving around Brexit, the U.K. is planning to introduce an innovative tax on large technology firms that hasn’t been done anywhere in the world. Some are considering this tax to be a raid on America tech giants. The tax applies to companies operating certain business models such as search engines, social media platforms, or online marketplaces. Specifically, U.S. tech giants such as Google, Facebook, and Amazon appear to be targeted.
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The food industry has always been slow to changes. But with new technologies on the rise and more customer demands, this stubborn industry is slowly adapting. Below are some new breakthroughs in technology that are affecting what we eat and how our food is made.
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Have you visited the globalEDGE Business Beat recently? In last week's segments, Dr. Tomas Hult delves into the topic of entrepreneurship in sustainable development around the world. These segments include interviews with the Secretary General of UNCTAD; the Minister of National Development Planning of Indonesia; the Minister of Economy, Economic Development and Tourism of Chile; the Minister of Trade, Industry and Co-Operative in Uganda; and the Minister of Finance in Zimbabwe. The final segment from last week contains an overview of the World Investment Forum that took place in Geneva, Switzerland from October 22-26.
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International Education Week, November 12-16, 2018 is an opportunity for universities, colleges, schools, international organizations, and businesses to celebrate the benefits of international education and exchange worldwide. This is a joint initiative by the U.S. Department of State and the U.S. Department of Education is aimed at promoting programs that prepare Americans for a global environment and attract international leaders to exchange abroad experiences.
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With international turmoil in OPEC countries, scientists clamoring over ‘the sixth mass extinction’ due to climate change, and costs finally becoming competitive in comparison to fossil fuels, renewable energy is becoming an increasingly significant industry for the future of the world’s economies.
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Helsinki attracts visitors by promising them a vibrant urban culture combined with pure nature. To support its positioning strategy as one of the most sustainable cities in the world, Helsinki has been addressing barriers to a sustainable lifestyle and making sure that the proposed benefits stand apart from those of competing cities. Across the globe, cities and communities are implementing sustainability initiatives and projects targeting greener infrastructure, economic development, zero-carbon mobility, and cultural recreation. But what makes some of these projects more likely to deliver impactful results in the long term? How can some of these initiatives help make communities more sustainable and resilient in the years to come?
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Electronic sports, or more commonly known as “eSports” are an online competitive platform allowing video game users to compete through online gaming. Although people have been playing computer games for over 30 years, digitalization has permitted players to gain a following of millions of fans. The global connectivity has also allowed online gaming to become more organized, competitive, and professional.
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A roof over your head and a bed to sleep in—shelter is one of the most coveted and widely sought after needs in our world. With billions of homes built around the world as a way to protect people from the outdoor elements and provide refuge to rest, it’s no wonder that the global real estate market is one of the most highly-valued and invested-in sectors in the world. Holding a total estimated value of 217 trillion dollars in 2017, 75 percent of which comes from residential property, real estate is a massively important component of the worldwide economy. In fact, the market is expected to generate 4.263 trillion dollars of revenue alone by 2025.
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Whether you’re opening a new business, investing in stocks, or trying to keep up with the increasingly advanced and interconnected sectors; we have gathered information on five of the fastest growing industries.