Business dislikes uncertainty, and there’s plenty of it now in the Gulf of Arabia region. In case you missed it, a coalition of Gulf states led by Saudi Arabia are making life difficult for Qatar because of its alleged support of terrorist groups. Qatar has hotly denied the charges, accusing coalition members of ganging up and attempting a takeover of the tiny sheikdom, which currently hosts 10,000 U.S. troops who are fighting the terrorists Qatar is accused of harboring and funding.
globalEDGE Blog - Page 90
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Three weeks ago, Robert Mugabe, who at age 93 had served as Zimbabwe’s head of state for 37 years, purged his vice president, and longtime loyal supporter, Emmerson Mnangagwa in a move which elevated Mr. Mugabe’s 52-year-old wife to next in the line of succession. This move sparked outrage within the country and ultimately cumulated in a de facto military coup that forced the resignation of Robert Mugabe. The three tumultuous weeks came to a close last Friday with the swearing in of the former vice president, Emmerson Mnangagwa as the nation’s new president. While civil order appears to have been restored, the question still remains as to what the future holds for Zimbabwe’s economy.
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Bitcoin has had an incredible year. Starting at around $1,000 in January of this year, the cryptocurrency is a mere $40 away from hitting five figures today.
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E-commerce is a major component of almost every business that sells goods in the modern world, some even call e-commerce the key to a successful business. E-commerce is defined as transacting or facilitating business over the internet. With the internet growing exponentially over the last two decades many people now look to it for a more convenient avenue to shop and do business over. People can now do everything from paying their bills online to buying groceries and getting them delivered to their home. With the tremendous growth in the potential for e-commerce, many companies have taken advantage of the increased opportunities for revenue.
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Although modern economies have increasingly become globalized, opinions of foreign direct investments (FDI) have varied throughout human history.
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The maritime industry is being revolutionized this year, with the introduction of “smart ships.” The maritime transport carries more than 90% of world trade annually and is the most cost-effective mode of transportation for mass goods and raw materials worldwide. Advancements in technology have built a strong platform for the creation of autonomous ships. The sensory technology and algorithms needed for a virtual captain already exist and it’s only a matter of time until we see unmanned ships.
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2017 is quickly coming to an end with many major holidays approaching in the blink of an eye. People are beginning to search for the perfect gift for their significant other and grandmothers. Black Friday, and more recently Cyber Monday has played a large part in the purchasing of holiday gifts. Black Friday originated in Philadelphia, Pennsylvania in the 1950s and expanded across the globe in the last ten years.
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This is the final post in a five-part blog series focused on International Education Week.
International Education Week wouldn’t be complete without the central force that drives international education—international students. With a record 1.08 million foreign students enrolled in approximately 2,100 US institutions, education in America is as enticing as ever. Students from China account for nearly a third of foreign enrollees, with 350,000 students coming to the US in 2016—a seven percent increase from 2015. Indian students are the second most enrolled at 53,000 students, and Brazilian students come in at third with 13,000 students. Times Higher Education states that schools like our own Michigan State University have become “international powerhouses” regarding global education. According to Alyson L. Grunder, a deputy assistant secretary of state for policy, “The US higher education sector remains the global leader in welcoming students from around the world, and at the same time, we are committed to increasing opportunities to study abroad for Americans.”
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This is the fourth post in a five-part blog series focused on International Education Week.
An international education has numerous benefits for students in grades kindergarten-12th grade (K-12). When students travel between different countries they tend to be more comfortable with cross-cultural interactions, have the opportunity to learn multiple languages, and develop relationships with people from diverse backgrounds and in different places around the world. All of these are extremely valuable skills to have in the workforce today, considering how connected the world is and how much business takes place between countries.
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This is the third post in a five-part blog series focused on International Education Week.
Advancements in technology have led to the world being more interconnected than ever before. Today we are a mere click away from being face to face with our counterparty, who could be halfway across the world. This interconnectedness has had an incalculable effect on society, both from a social and business perspective. It is now impossible to live in the silo on one’s home nation without being impacted by the events or people of other countries.