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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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E-commerce sales have been growing over the past decade at a rapid rate and the online retail economy is booming. According to the US Census Bureau, 9.6% of all retail sales were from e-commerce sales during the second quarter of 2018. This percentage was only 4.4% in the second quarter of 2010. This post will discuss the reasons behind the shift from brick-and-mortar businesses to online retail stores.

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globalEDGE has gathered a list of Community College Conferences happening in 2019. These conferences are aimed at the community college audience who are refining or developing new programs in their institutions. The next conference coming up is the Workforce Development Institute by the American Association of Community Colleges which will be held in San Diego, CA.

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Many countries around the world motivate and support young citizens to travel and study outside their home country. Governments often invest in scholarship programs that provide students with the chance to leave their home country and learn in educationally advanced countries such as the United States, Britain, Canada, and Australia.

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This is the third post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Pujitha Kasipuram.

What is CSR

Corporate social responsibility is not a new term, as it originated back in the 1930’s where a firm tends to focus on mainly profits and private interests. According to Norine Kenney who is a part the U.S Council on International Business, “there is no solid definition of CSR; however, it is not a replacement for the governmental role and responsibility in meeting challenges of sustainable development.” This states that there is not one definition of CSR nor it substitutes the responsibility of a government. In fact, corporate social responsibility can be evaluated in many directions such as providing good working conditions to employees or how it can relate to globalization in three ways: environmental, economic, and social. With globalization and CSR, it is believed that there should be equal access to all three resources, but is this necessarily true? Since the government is not fully responsible to enforce for such issues, how can corporations be held accountable that are engaging in ethical practices? Corporate Social Responsibility varies by region, by country, and by group. It is a broad topic to discuss, but increasingly becoming important for consumers.

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This is the second post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Xiyou Xu.

The emergence of cryptocurrencies has shaken up the economic establishments around the world. In fact, the phenomenon of such virtual currencies is thoroughly studied by the economists to understand how they impact the global financial system. As a result, such cryptocurrencies like Bitcoin have been examined regarding contrast to existing physical alternatives, and various experts have responded to its uprising.

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This is the first post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Lauren Kuiper.

What does value mean to you? There are many ways to perceive value based on the company you are dealing with. For most companies, value is the foundation of the business. If the company cannot get the customer to see the value in their product or service, they will essentially fail. They need their customers and employees to believe in their product or service in order for them to be successful. For international companies, this is even more important. When operating internationally, there are many factors that go into creating value within the company. Marketing 310, an international business class that I am currently in, has helped me to understand how important creating value is for international companies because they are dealing with a wider range of customers. This post will discuss some examples of international companies who have been successful based off of their value creation and the different techniques they use.

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This Spring globalEDGE held our first ever blog competition at Michigan State University, where we asked students studying international business to submit blog posts to potentially be featured on the globalEDGE blog. Over the past few weeks, the globalEDGE team has been reviewing the many student submission and we are proud to announce that Lauren Kuiper, Xiyou Xu, and Pujitha Kasipuram are the three winners to have their blogs featured on the site this week.

Our team would like to congratulate the three winners and thank the many other students who took the time to submit entries.

 

 

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There is no doubt that companies are leaping into new international markets. There are benefits when going global and expanding including greater revenue potential, access to new talent, exposure to foreign investment opportunities, and much more. Below you will find a few important steps companies have to execute in order to enter into new international markets.

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Mauritius is an island nation flourishing economically and socially. The population has origins from the European and African continents, as well as from India and China which makes it unique for its social peace and multi-cultural society. Mauritius is the fastest growing economy in sub-Saharan Africa. Moreover, it has one of the highest GDP per capita incomes in Africa.  All of these facts make Mauritius a prosperous country in diversified ways.   

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This is the second post in a five-part blog series focused on future trends in business. 

Huge corporations are working towards achieving a sustainable business environment. This is achieved when businesses are able to manage the triple bottom line. The triple bottom line is the process by which a business is able to meet the three sustainability pillars - financial, social, and environmental efforts.

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There is no doubt that sports never fail to bring the world together. It provides a platform for national unity and city pride. Hosting international sports events such as the Olympics, Fifa World Cup, or the Super Bowl is the reason for a significant amount of economic development in countries. However, these economic developments can be beneficial but also very costly for host countries. 

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We’ve been hearing the words “Cultural Intelligence” everywhere we go lately. So what is cultural intelligence and why is it so important to global businesses?

Cultural intelligence is the ability for people, organizations, and businesses to relate to culturally diverse situations and work effectively in them. It is a vital aspect to international businesses because every country they are based in requires a different cultural approach and the ability to get well with the consumers you are working with. Global collaboration has become a significant aspect for the success of businesses and this cannot occur if businesses do not have the resources, knowledge, and talents of cultural IQ.

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This is the second post in a five-part blog series focused on the energy industry. 

Every day we face new problems arising from the environmental state of our world. Widespread pollution is a huge problem to our environment and there is an urgent need to start using renewable sources that eliminate the burning of fossil fuels. Geothermal and hydroelectric are renewable sources of energies and produce “clean” fuel sources.

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There is no doubt that studying abroad has become one of the most established business sectors in international education. The number of students studying abroad is increasing every year and this is encouraging institutions and governments to tap into the market. Becoming a part of this growing industry has a great business impact on educational institutions, organizations, and faculties.

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It is very likely that you will soon witness a self-driving truck next to you on the highway. The world keeps taking a step further into the tech field, sparking innovative solutions for automotive companies. The automotive industry is highly competitive and many automotive companies are working very hard to stay ahead and take part in one of the greatest advancements in trucks.

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Artificial intelligence is starting to have a great impact on the transportation sector worldwide. Self-balancing electric flying vehicles are pushing the future means of transportation to a whole new level. The first certified multicopter was tested in Bruchsal, Germany last year. Since then, different countries and companies around the world have shown interest in this new technology.

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Globalization created a platform for the world’s people, firms, and governments to become more integrated. It enhances the networks between countries and creates more opportunities. When globalization first began, the anticipated economic theory suggested that regional inequalities would diminish as poorer countries would attract investment more than the rich countries. However, we see inequalities between many countries and within many countries.

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Until this day, we deal with controversies on gender pay gap globally. Is the whole matter due to gender discrimination by employers or is it just a fraction of it? Does culture or family traditions play a role? Or does it just come down to the fact that women are expected to raise a family and work less, or even leave their job, at some point? These are all factors that contribute to the gender pay gap problem, however, the way people look at it has created some misconceptions.

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The world’s biggest and smallest shipping companies have been experiencing some hardship since the financial crisis occurred. For the past two years, shipping operators have been going through major losses with freight rates being below the breakeven point. However, it seems like a plot twist is being encountered by the shipping brokers this year due to rising demand for commodities.

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Milk has always been an essential part of India’s culture. In the early 1900’s, India's milk production was incredibly inefficient and was struggling with its limited production of milk. Until one individual, Dr. Verghese Kurien caused a dramatic change in his home country. Dr. Verghese Kurien, known as the Milkman of India, is also a Michigan State University alumnus. Dr. Kurien states himself that Michigan State University provided him with the best education and prepared him to achieve his dream.