As time goes by, we often forget about the fast paced and dynamic environment that we live in. Over the past five years, the international business world has changed dramatically. Believe it or not, in just five years, rapidly growing countries have emerged onto the global economic scene, various industries have been drastically altered by technology, and start-up businesses have grown into international powerhouses. Today, in honor of the 5th year anniversary of the globalEDGE blog, we will look at global business facts and trends in 2008 and compare them to that of 2013.
globalEDGE Blog - By Tag: birthday series
In the five years that the globalEDGE blog has been operating, much has changed in the area of global trade and investment. It all began when the global financial crisis came about in 2008 and this led to major changes in the global trade markets. Global trade relative to GDP plummeted around thirty percent during the financial crisis, and the crisis seemed to have come from problems such as poor trade regulation, bad credit, and poor bank strategies. There are many changes that have been made to the global economy and many challenges that have been faced in the area of global trade since 2008. Here’s a look at what has happened.
During the globalEDGE Blog’s first five years, it has served the international business community not only as a resource for global business news analyses, but also as a time capsule for events that significantly influenced international markets. Born in September 2008, the resounding news of the blog’s launching was understandingly dwarfed by other major events of the time, such as the rapid spread of cell phone use and business in Sub-Saharan Africa and, of course, the global financial crisis that’s effect on the global economy was comparable only to the Great Depression. In this blog, we will not only go back and revisit the news that captivated the world’s attention in the first months of the blog, but will also discuss the lasting effects of those events and how they continue to impact the world in 2013.