globalEDGE Blog Archive February 2021

The issue of data collection, monopolies, and the power that private companies have versus what the government has access to has been a constant power struggle over the past 20 years as technology has become more and more accessible. One company, in particular, has been raising fears throughout many different countries: Google. Google currently has a 90% share of the market, raising concerns about it being a monopoly. In the United States, the Department of Justice and 11 states put forward an antitrust lawsuit against Google on October 20, 2020, claiming that Google is illegally protecting its monopoly. On the other hand, Brazil has been dealing with the ramifications of its antitrust lawsuit with Google since 2018. This is an update to antitrust cases that have been going up against Google throughout these past two years. The lawsuits in Australia and Spain were covered in an earlier blog. 

Since the coronavirus pandemic began last year, billions of dollars have been poured into the development of vaccines to protect people against the coronavirus. There are currently 12 developers working on—or that have produced—a coronavirus vaccine, including developers in China, India, Russia, the United Kingdom, Sweden, and Germany. Out of these 12 developers, 10 of these vaccines have been approved for use in one country or more. Because of the amazing and swift work of these developers, over one hundred million doses have been given worldwide, but the distribution of these vaccines is stirring discontent and requests for better vaccine distribution between all countries. Only 42 countries have begun administering the first doses of coronavirus vaccines, while there are over 130 countries that have not vaccinated a single person. Out of those 42 countries, 10 countries have been able to obtain and administered 75% of all of the coronavirus vaccines produced. This blog will dive into the current statistics on country vaccinations, why this problem persists, and which countries all of these vaccines are going to.

The price of copper recently rose over $9000 per metric ton for the first time since 2011, and other commodities like oil, corn, and other metals like iron ore and nickel are seeing an increase in values as the economy shows potential signs of growth.  On top of the hope for economic growth, the possibility of rising inflation and a new focus on expanding the infrastructure of the renewable energy and electric vehicle markets has sent the price upward.

A slew of new Business Beats have been posted to the globalEDGE website this month.  Hosted by Jade Sims, the Assistant Director for International Trade Programs at the Michigan State University International Business Center, these podcast-style discussions cover a wide range of global business topics and feature a variety of guest speakers from the professional business world, academe, and government agencies that lend their insights to listeners.  Head to the Business Beat page on globalEDGE by clicking the "Get Connected" drop-down menu and choosing the "Business Beat" header to explore some of the engaging discussions we recently added to our site.

While many businesses have suffered due to the impacts of the COVID-19 pandemic, some industries have seen extraordinary growth. With legislation limiting or preventing the ability of restaurants to host guests, the demand for take-out and delivery options has risen dramatically. The food-delivery industry experienced record levels of growth throughout 2020. The top four companies accumulated around $5.5 billion dollars in revenue in the seven months following the beginning of the first lockdowns. This dwarfed the $2.5 billion dollars of revenue from one year prior over the same period.

Are you a student or recent graduate looking for international travel and a chance to gain work experience while abroad? Check the recently updated International Internship Directory on globalEDGE. Disciplines include everything from marketing to engineering to public health.  Paid and unpaid positions are listed, as well as programs for college credit.  To access the page simply click here, or click the “Academy” dropdown menu from the homepage. 

The Olympic Games is a storied athletic event that has taken place for centuries.  Since the inception of the modern-era Olympics in 1896, the event has only been canceled three times (1916, 1940, 1944)—all in times of world wars.  The 2020 Summer Olympics, which was set to take place in Tokyo, Japan, was postponed until this upcoming summer due to the barriers that the COVID-19 pandemic set in place. 

Electric vehicles have been around since the late 1800s, but they have only recently been discussed as the next big thing in the automotive industry. With increasing performance and technology improvements, government support, and lower production costs, electric vehicles are expected to have a huge impact on the industry in the coming decades.

Notable strikes throughout the world are making significant changes and bringing awareness to market and business faults throughout different countries. This blog discusses the Indian Farmer strikes, the Alabama Amazon strikes, and the South Korea Courier strikes.

The globalEDGE team has completed its update of the U.S. Commercial Service Trade Contacts. Being a part of the U.S. Department of Commerce’s International Trade Administration, the U.S. Commercial Service functions as a global network with resources, market information, and international buyer connections. Now that each state’s trade contacts have been updated, business professionals throughout the world will have easier access to receiving trade expertise to assist with exporting. For anyone looking to make their first export sale or expand to new markets, look to the U.S. Commercial Service to align yourself with the connections to enhance your business. To find these updated contacts you can look here on globalEDGE and choose which state you would like, then click the Trade Contacts tab for that particular state.

As the United States welcomes President Joe Biden, he has begun at a quick pace changing policies and reforming some government-related issues. One of them was the oil industry's reformation, concerning the United States' large oil infrastructure, but a huge gain for environmentalists across our globe.

The World Economic Forum has put out the 2020 version of their publication of the Global Competitiveness Report.  Typically an assessment of the overall productivity and health of the world, its people, and its economy, this year's edition takes a special focus on the actions needed for revival and recovery amidst the devastating COVID-19 pandemic.  This report is unique, as it does not include the typical Global Competitiveness Index Rankings—which combine a variety of economic factors like stability, skills, and market size to rank the top economies—and instead focuses on how the world economy can heal and overcome some of its most glaring obstacles.

In the year 1760, the industrial revolution seized the attention of the world as rapid technological advancements were made nearly everywhere. With it came massive infrastructure development—and a heavy load of carbon dioxide and other greenhouse gases. Since then, the rate at which these pollutants have entered our atmosphere has only increased exponentially, with current levels more than 2x what they were in 1760, a potential recipe for disaster sometime in the future.

Thanks to the COVID-19 pandemic, millions of workers across the globe have been forced to work from home. Yet, when new obstacles are encountered, new opportunities are created. Companies and their employees have been taking advantage of the virtual workspace and incorporating video games, and video game-like aspects into everyday tasks.

Hong Hong’s 2019-2020 protests made international waves as the Chinese territory rioted and protested against Beijing-imposed national security laws.  This was mainly centered around an extradition bill that would allow criminal suspects to be extradited to mainland China.  Seen as a major violation of democratic rights, this controversy remains unsettled to this day.  Meanwhile, the Chinese government has continued to infringe on Hong Kong’s civil liberties, prompting many Hong Kong citizens to explore leaving the country. 

Xinjiang is an autonomous region of Northwest China, known for its vast deserts and mountains. Xinjiang is inhabited by several ethnicities, namely the Uyghur people of Turkish descent and the Han people of Chinese descent. The Uyghur and the Chinese have a long history of discord stemming from their religious differences, though it wasn’t suspected that there was severe oppression against the Uyghur people from the Han until early in 2020. It is now widely believed that the Chinese government has detained up to a million Uighurs over the past few years in “re-education camps.”