For the first time since 2014, a worrisome development has occurred in China. Firms have taken more money out than they have reinvested back into the country. For years both foreign and domestic companies funneled their profits back into China. Now those profits are leaving the country, due to changing interest rates, rising wages and increased risk.
globalEDGE Blog - Page 12
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Brazil is now a significant producer of corn, soybeans, cattle, cotton, and other agricultural products worldwide. But this growing agricultural industry is not without opposition, especially when it comes to its part in using the Amazon rainforest.
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The past couple years have been a whirlwind of growth, losses, unexpected trends and international successes, but some industries have come out further ahead of others. As we approach the end of 2023, here are some of the most profitable global business industries that are expected to continue their expansion.
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Europe is one of the most prominent travel destinations in the world, holding 61% of total arrival shares when viewing the Global and Regional tourism results. Their vast history, stunning views and elaborate architecture are some of the reasons Europe’s tourism is so high. However, the future of international travel will change in 2024 as the European Union (EU) requires travelers from the United States and sixty other countries to apply for authorization through the European Travel Information and Authorization System (ETIAS).
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Switzerland’s reputation as a global leader in various sectors, such as life sciences, pharmaceuticals, finance, and manufacturing, remains unwavering. Fueled by a stable economy and a welcoming business climate, the nation consistently attracts foreign investments. However, the Swiss business landscape isn’t static; it evolves to embrace fresh challenges and opportunities.
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Bursting with refreshing sweetness, pineapple juice stands as a testament to the exotic allure of tropical fruits. This delicious fruit juice market is experiencing growth due to increasing awareness about health and wellness, coupled with rising demand for healthy beverages. Increasingly health-conscious individuals incorporate pineapple juice into their daily diets to meet their health goals. Additionally, companies are introducing specialized juices and drinks tailored to specific diets, attracting a growing customer base. These factors are significantly contribute to the niche market's growth.
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As the National Basketball Assocation, or NBA, continues to mark the beginning of its 78th season, it is interesting to consider the places the league is headed in terms of international attention. This NBA season sees a historic high of 125 international players on opening-night rosters, hailing from 40 different countries and regions across six continents. This season, the league expects to reach over 200 different countries and present their games in more than 50 separate languages.
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During the pandemic, many companies and services had to be halted due to national rules across the world. A major halt was in the traveling industry where companies such as cruise lines were not able to operate for over a year. Since the Covid-19 pandemic has died down and borders for travel opened, vacationing has become very popular across the world. In the post-pandemic world, the major cruise lines have made a comeback and are being used by thousands of vacationers.
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As social media keeps dominating our world, there is no denying that it has also collided with many different industries across digital marketing. One of the specific digital platforms that has made a dynamic change over the past few years has been TikTok. They have gathered a massive following with a staggering 1 billion monthly users as of 2023 and will only continue to grow. There is no doubt that with the number of users on this platform, they will have the leverage to keep increasing their profits by gathering new up and coming creators and touching more specifically on the music industry.
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Corporate America and foreign countries have seen China as the world’s factory for decades. Its hundreds of millions of consumers called it “one of the biggest opportunities,” and predictions were made that this would be “China’s century.” China became a major manufacturing hub in the late 1970s and early 1980s, opening the country's economy to foreign investment. Yet, that is all set to change as foreign companies shift investments and their Asian headquarters out of China.