������Ƶ Blog - By Tag: global-economy

Watches have been a statement piece since the . Not only does this innovation tell time, but it has also brought history to the mainstream world today.

As more and more small business owners venture into different industries, there is no denying that there are risk factors associated with starting a business. This can vary from the state of the economy to the latest trends in demand for the business to succeed. Nevertheless, there has been an increase in the number of small business owners within the U.S., reaching over 430,000 new businesses per month in 2024, a compared to 2019. Kicking off the new year of 2025, various considerations and influences need to be considered for current and future entrepreneurs worldwide.

As we continue to witness and experience various shifts in the economy, many factors come into play that lead to global problems. These include climate change, natural disasters and country debt. However, Ireland is facing a rather unusual problem; they have more money than expected this year.

Interested in learning more about international business? Test your knowledge with the recently updated ������Ƶ International Business Knowledge Quiz.

Asian economies will become growing players on the international scene as we look toward the years to come. As the American economy faces challenges, nations such as Vietnam and India are blazing their trails to prosperity, each with its own set of obstacles and chances.

The looming arrival of Hurricane Milton has sparked significant concern in international business, with the Category 5 storm bearing down on a key industrial and export region in the Atlantic. As Milton accelerates towards the U.S. Gulf Coast and Central America, experts predict widespread disruptions in the global supply chain, manufacturing, and energy sectors.

Gone are the days when a rising tide could be said to lift all boats. According to the on Climate Change, sea levels rose almost twice as much between as they did over the previous century. Its forecast is for a rise of by the year . Yet another recent study from indicates that sea levels at the end of the century could surge by over  

The United States Federal Reserve’s recent move to lower interest rates signals a significant change in the current state of the world economy. This change is expected to impact global and US economies following years of rate increases intended to contain inflation. Lower interest rates in the US are anticipated to encourage business funding and consumer spending, supporting industries under strain. For example, if mortgages become cheaper, potential purchasers previously discouraged by high borrowing costs may become more active in the property market.

While the U.S economy has been strong through 2024 following the pandemic, the European economy has lagged. and the U.K., the two European economies, narrowly avoided a recession. This is partly due to lower government spending, resulting in lower consumer and private spending.

Retirement savings are a looming concern that millions of people across the world are facing daily. Amid economic turbulence, shifting demographics, and an evolving employment landscape, a growing number of people find themselves falling short when it comes to preparing for their golden years. For many, the biggest question about retirement is not how they will spend their free time, but rather if they’ll be able to retire.

Corporate profiteering, the relentless pursuit of excessive profits without ethical considerations, has become a significant factor in the realm of international business. In the interconnected global economy, the actions of companies in one country can have far-reaching consequences, particularly in terms of inflation. Corporate profiteering affects inflation and has created a global ripple effect.

Whether someone is buying or renting a house, there is a significant advantage if a home buyer pays in U.S. dollars. The dollar has surged against the British pound and euro in recent years. This led Americans to flock to countries like France and the United Kingdom to buy homes at a discount. The euro has since regained some of its strength, but those buying with the U.S. dollar can still see big savings in countries like Canada.

Happy Valentine's day! Today is one of the most significant consumer holidays after Christmas. With its presence felt in over , this celebration isn’t just about love; it’s a lucrative opportunity for industries across the globe.

Sports betting is an intriguing field with a long history that has evolved with technical improvements and human history. It has been around for thousands of years, making people more engaged in the events they watch. The appeal of betting on sports has always existed, attracting bettors of all ages who want the thrill of action and the possibility of financial gain.

Over the past several weeks, vessels on the Red Sea have , leading companies to change their routes and leading to a spike in freight rates. The Red Sea separates the coasts of Saudi Arabia and Yemen to the east from Egypt, Sudan, and Eritrea to the west. With this body of water acting as one of the leading trade routes between Asia, the Middle East, and Europe, freight prices are jumping, creating longer transit times around Africa and disrupting and delaying product deliveries.

Shenzhen, China, became the first city in the world to adopt electric buses when it fully electrified its public transportation system, setting a pattern for the rest of the . With China emerging as the global leader in electric buses and trucks, accounting for over 90% of the total in 2021, this innovative step the start of an electric Revolution.

Economic recessions are one of many phenomena difficult to avoid. As unsettling as they are, many countries around the world are currently going through a recession now. Understanding the causes and potential impacts of a downturn and taking proactive steps is essential to navigating our fast-paced global economy.

Many are experiencing a shortage of labor. Wages are being driven up, sustaining inflation above central bank targets. Weakening labor markets, or wage pressure, is one of the reasons central banks intend to keep short-term interest rates at a higher level for a prolonged period. However, a potential solution to the labor shortage is migration.

Corporate America and foreign countries have seen China as the world’s factory for decades. Its hundreds of millions of consumers called it “,” and predictions were made that this would be “.” 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.

Raising children has always been expensive, no matter where you live. Nevertheless, in recent times, millions of people struggle to put money away as they approach one of life’s key financial milestones. The high pace of inflation is to blame, increasing the expenses by almost 20% and leading to a current decline in birth rates.

A Sriracha shortage has struck the aisles of supermarkets all across the world. Although this issue has only recently come into the spotlight, this fan-favorite hot sauce, in its green-capped bottle, has been hard to find for years. The sauce's parent company  does not have enough of one of its key ingredients, jalapeno chili peppers, to make its product, and supply chain issues may be to blame. 

Shrinkflation has infiltrated our shopping experiences in more ways than one. From supermarket aisles to the realm of services, it’s a phenomenon leaving consumers both puzzled and . A variety of companies worldwide are using this technique. Companies are reducing the size or quantity of a product while keeping its price the same or even increasing it. In other words, cost more.

������Ƶ is excited to announce that the site's Coface Country Risk Assessment has officially been updated. Our Coface system depicts the risk assessment, business climate, population, and GDP per capita for a given country. Additionally, it also features the different strengths, weaknesses, and the entire risk assessment as a whole on a per country basis. This part of the site is normally updated once a year and is an amazing resource to monitor the economic status of any given country. To learn more about our sites Coface Country Risk Assessment, visit this link!

The collapse of the Silicon Valley Bank (SVB) has had a significant impact not only on the United States but on businesses and countries around the world. As one of the largest and most successful banks in the world, SVB has played a vital role in providing financial services to many of the most innovative and companies in the technology sector.

Russia is the world's country. have been a part of these sanctions. Although it has been a year now of intense restrictions since the war on Ukraine, there seems to be little change in the country's economy.

The international tax reform has been discussed for . However, we are now entering the year of its suspected implementation. So, what is the international tax reform, what will it mean for businesses, and what is still being debated on it?

 The world's population continues to grow at an alarming rate, and many countries are facing declining . This has far-reaching consequences for economies as the aging population shrinks the workforce, leading to a shortage of low-wage . Additionally, the demographic pyramid is as the elderly population grows relative to the working-age population, creating sustainability issues for social contracts that rely on the young to support the elderly. These challenges are particularly pronounced in developed countries, while developing countries face the of a growing youth population with insufficient job opportunities. With the future of the global population at stake, it's crucial to address these issues and find sustainable solutions that benefit .

A new Ebola outbreak is occurring in Uganda. The  is believed to have started with one man in August of 2022 but has now spread to almost 50 people. This outbreak approaches as the Ugandan is still struggling to recover from the impacts of the COVID-19 pandemic. Several other African countries, such as Kenya, Rwanda, and South Sudan are starting to for Ebola symptoms to mitigate the spread.

Inflation indicates how the  of a particular set of goods or services have increased over time, most frequently in terms of a year regardless of the environment. The United States is very familiar with the concept of inflation, as seen by the Federal Reserve addressing what is known to be "the sharpest price surge in ." This inflation is broad with no single condition to blame, as the is forcing higher rates and an increasing debt market. 

An energy crisis brewing in Europe could end many businesses and lead to a global supply chain disaster for an already struggling system. Two large industries affected by this will be the metals sector and the agricultural sector. With these significant sectors at risk, European governments are attempting to face this problem every day to see how they may be able to stop this issue as fast as possible.

India is facing a major economic boom that few are talking about. Over the globe, there has been a decrease in total economic growth. The U.S., China, and Russia are getting the majority of the attention right now, yet while the rest of the world is declining, India is projected to grow more than double the projections for total global growth with a overall growth. There are many reasons why the global economy is down right now, including the outbreak of , Russia’s invasion of Ukraine, and overall rising energy prices.

Prior to the invasion of Ukraine, Vladimir Putin had established Russia to be one of the greatest dominant power’s in the world, yet even at that point, Russia’s economic capabilities were hardly capable of sustaining its’ ‘empire’. In fact, when measured by today's standard exchange rates, Russia’s economy would place as the This is a noticeably sizeable leap from the powerhouse of an economy they were once revered as on the world stage, second only to the USA at one point.

In March 2020, a COVID-19 outbreak in China forced the rest of the world to shut down for the first time in a century. The COVID-19 pandemic swept the earth leaving detrimental effects on the world, with supply chain bottlenecks occurring in every industry. Two years later, China is ordering another lockdown on its country, implementing its Zero-Covid policy with large effects on the global market.

It’s safe to say that the global economy has been relatively trouble-ridden since the beginning of the pandemic. Many countries are struggling to find solutions to economic issues like high inflation, depreciating value of native currencies, and shortages. Unfortunately, with the ongoing Russia-Ukraine conflict, these issues are expected to intensify for the time being. Many western countries, including the U.S., Canada, UK, and European Union are imposing sanctions on Russia, further contributing to economic turmoil both in Russia and domestically.

The recent years have been anything but predictable. As we move further into 2022, the ongoing pandemic and added political risks will change the trajectory of the global economy. There are several trends for businesspeople to be aware of as the rest of the year unfolds.

If you haven't already heard of , now is the time to learn. Rivian is an electric vehicle automaker backed by and , that promises far more range per battery charge than existing electric cars. Rivian targets fans of outdoor activities and has been investing in charging stations at remote off-road destinations. This company is setting an example for how to care for the environment by making decisions that revolve around preserving the environment for future generations.

In today’s market, are offered a variety of instantly available products from across the globe. The sourcing of production across nations and within borders has allowed this globalization to be efficacious – effective supply chain and logistics being the main component to this success. When COVID-19 appeared, the supply chain’s were exacerbated; now, this crisis is from globalization, similar to the effects of the 2008 financial crisis.

Inflation in the context of economics is defined as a . Inflation can occur in an economy for a multitude of reasons and has been present in the United States and global economy at several points in history. The most notable historical case of inflation was , a time period between 1965 and 1982 in which inflation was particularly high, resulting in large changes in policy, macroeconomic theory, and global monetary systems.  One of the main impacts of inflation is the toll it takes on consumers - when prices rise on basic consumer products such as food and gas, the money earned in wages does not stretch nearly as far to cover expenses. Let’s take a look at some of the causes and effects of the current increase in consumer prices.

There are hundreds of semiconductor chips that make up the global silicon industry. As technology advances, these chips run powerful computers, the flashy iPhones in our pockets, and even some toothbrushes. More recently and as a result of the pandemic, the demand for semiconductors is continuing to overpower supply. These chips convey basic instructions and make sure businesses are running smoothly. Without these tiny chips, car production has been brought to a halt.

As of a few weeks ago, President Biden released a submarine security deal between United Kingdom and Australia to undermine China's rapidly growing navy in the South China Sea. This exchange between the United States and UK was deemed monumental as this deal meant both countries would combine information on classified nuclear technology in order to combat China's militarization of the Asia-Pacific area. Signing this business deal was expected to produce many positives such as reinforcing allies and having a major pushback on China's military, but in return, it Within this break of trust, the United States' diplomatic ties with the French were strained.

As technology continues to advance and phase itself into many aspects of our lives, the discussion of digital currencies being used by central governments has been brought to the table time and time again. With countries like China already deciding to implement a digital currency through their central government, pressure has been brought on to other large forces of the global financial sector as to whether or not they will do the same.

A sovereign credit rating is a measurement of a country’s creditworthiness. This rating is calculated by an agency that investigates a country’s economic and political environment. The assessment helps investors identify the risk involved in investing within another country.

On March 27, 2021, foreign ministers from China and Iran signed a cooperation agreement that is to massively stimulate Iran’s economy, as well as deepen China’s presence in the middle east in general. The promises around $400 billion of Chinese investments to be made in multiple Iranian economic sectors like banking, telecommunications, ports, railways, and health care and information technology. In exchange, China will receive a heavily discounted supply of Iranian oil for the next 25 years. Iran’s main contributors to these oil exports will likely be the government-owned National Petrochemical Company and National Iranian Oil Company.

Gas prices across the globe have seen dramatic changes over the course of the COVID-19 pandemic. Yet within the last month, many different factors have been giving rise to a series of high gas prices.

The price of copper recently rose over 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.

Electric vehicles have been around since the late , 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.

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.

Bitcoin, the digital currency created in 2009 by the mysterious pseudonym , was known by few people on earth at its inception and was priced at less than a thousandth of a cent. It has grown to a current price of around $36,000 and is now debated as either the future of money or a worthless asset. It is an extremely unique currency in the way that it is an entirely digital token with no physical backing. It was created with the intention and ability to be a peer-to-peer technology, meaning no central authority or government can control it, making it entirely . This aspect of decentralization, along with many other unique features, have led many to believe that bitcoin could revolutionize the global financial system.

As the stock markets begin to take a turn for the better with news on a potential vaccine, the Financial Stability Board (F.S.B.) warns that vulnerability in the global markets still persists. With many company’s stock prices rising comes more volatility as the coronavirus has left a lasting impact on global businesses.

With the 2020 U.S. Election having been decided, talks have turned to the next American stimulus package, which stalled in Congress prior to the election.  Legislators on both sides of the aisle have stressed the importance of providing stimulus in order to provide economic relief to American households.  There has been a lot of discussion in regards to the size needed to effectively boost the recovery, with current proposals having ranged from $500 billion to a stimulus package which was passed through the House in October. 

At the most recent U.S. Federal Reserve meeting, chairman Jerome Powell announced that the Fed would be experimenting with the implementation of a “digital dollar.”  This news comes as an astounding of central banks across the globe have already begun on the research, experimentation, and implementation of central bank digital currencies (CBDCs). 

After a sixteen-month investigation, the has announced that major banks throughout the world have taken part in allowing dirty and illegal money to pass through their institutions. The ICIJ’s investigation has concluded Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as the five main financial institutions responsible for authorizing the moving of crime-financing funds.

2020 has been an extremely volatile year. The year started with stock markets  before the Coronavirus pandemic closed down much of the world’s economy, negatively hitting many industries. The insurance industry, despite taking on large amounts of risk when writing policies, pretty safe and stable. How has it held up to the pressure applied this year?

The COVID-19 pandemic has shown us that the world around us can change before our eyes.  In mid-March, people retreated to their homes, economies crawled to a halt, industries took massive hits, and countries rushed to develop policies to combat the spread of a virus many of us had never even heard of.  Now, in early September, many of us have settled into remote work, pushed off our travel plans, and adapted to practices like mask-wearing to adjust to living in the midst of a pandemic.  But what about the economy?  Let’s look at the recovery and state of the economies of a few countries around the world.

Five months after the coronavirus pandemic brought global activity to a screeching halt, we are still experiencing its effects and aftermath.  With such a drastic change in everyday life that occurred at what seemed like the snap of a finger, businesses everywhere have been forced to adapt to extremely challenging conditions.  As a result, several companies have come up with innovative ideas that have minimized risk and allowed their respective value chains to stay intact.

As the infamous COVID-19 continues to spread around the world, it is also changing billions of lives. Simple activities such as going shopping at the mall or going out to eat at your favorite restaurant have become merely a dream, as millions of people are forced to follow social distancing mandates. Countries like Italy and China have been on lockdown for months, while other countries like Spain and the United States only started their lockdown and social distancing orders a few weeks ago. No matter what county you’re from, odds are you have been affected by this pandemic in one way or another. Yet, now experts are beginning to wonder what the world will look like after the pandemic fades out, and if some of the coronavirus preventions may stay in place.

This past November, I published a blog post regarding the looming threat of rising global debt, which reached by year’s end.  The blog discussed the issue of corporate debt default rates being susceptible to sky-rocketing in the event of a recession, which was supported by a from the International Monetary Fund (IMF).  As we stand today, two months into the coronavirus outbreak, this belief is becoming .  With factories being halted, stores shut down, and consumer spending down significantly, many countries are expected to face major economical ramifications.  In the U.S., Goldman Sachs analysts already project that second-quarter 2020 GDP will decrease by about 25%, which if true, would mean the largest drop ever recorded in U.S. history by a 15% margin.

On March 11th, 2020, the World Health Organization officially characterized COVID-19 as a . As of March 16th, there are over  of the novel coronavirus in the world, not including cases that have not been reported due to a lack of testing. Public health professionals across the globe have asked people to practice “.” People are being asked to work from home, to stay 6 feet apart from people, and to avoid gathering in large crowds. Although practicing effective social distancing techniques is essential to preventing the spread of the novel coronavirus, the economic implications of this practice could be detrimental to the global economy, at least in the short term.

Oil, often considered to be a prime example of an inelastic good—always in demand regardless of price—may not hold true now due to the coronavirus epidemic.  With recent news of major air carriers and other transportation companies domestic and international service, it has created a ripple effect in the travel industry as a whole (cruise ships, hotels, resorts).  With many would-be travelers canceling their plans, it is fair to say that the foreseeable future for the travel industry is bleak.  Not to mention, shutdowns in China have played a significant impact on oil when considering they are the world’s greatest importer of oil.  For these reasons, the short-term demand for oil has decreased dramatically, resulting in an eye-opening response from major oil producers across the globe.

In this blog, Melissa Kreger writes about the updated impacts of the coronavirus.

The coronavirus first outbroke in January and now has become a global health epidemic. The largest question that has been lingering for economists and large investors is, “How long will the Chinese economy be halted and how bad will it affect all economies”? The Chinese economy is the world’s second-largest economy, first behind that of the United States. China being at a halt will affect global supply chains and we are starting to see those repercussions now.

Tomorrow is one of the biggest consumer holidays after Christmas: Valentine’s Day. It is celebrated in countries: the United States, Canada, Mexico, the United Kingdom, France, Australia, Denmark, and Italy. And it’s not just for those in relationships anymore; many people are purchasing gifts for their friends, family, and pets. So, with all these purchases, the economy goes into a small boom.

For the past 7 quarters, the global manufacturing industry’s main concern has been labor shortages. These shortages are due in large part to a lack of workers with technical skills. Other factors include increasing retirement rates, growing complexity in the global supply chain, and academia. The could exceed 8 million people by 2030, resulting in a possible revenue loss of $607 billion. Countries that already struggle with shortages are expected to get worse. Over the next 20 years, Hong Kong’s shortage of manufacturing workers will equate to nearly 80% of its industry workforce.

The biggest international storyline of 2020 thus far has been the mysterious coronavirus.  The illness that is believed to have started in Wuhan, China has led to over 6,000 reported cases—and 360 deaths—in China.  Individuals have also been reported to have contracted the illness in 13 other countries, including the U.S., Australia, and Germany.  This past Thursday, the World Health Organization (WHO) the coronavirus outbreak as a global public health emergency.  With fears intensifying by the day, China and the WHO are working on solutions to protect both foreigners and Chinese people from the illness.  Many of the efforts have been centered around tightening travel security to and from China, halting business operations in China, and quarantining any potentially infected patients.

According to a report released by the on November 14th, global debt reached a staggering high of $250 trillion, rising $7.5 trillion in the first half of 2019.  The expectation is that global debt will reach $255 trillion by the end of 2019. The primary contributors to this statistic are the U.S. and China, who account for 60% of the increase.

Over the past decade, undetected corruption has lead to instability throughout markets around the globe. In 2012, many banks began to struggle as a result of the London Interbank Offered Rate. More commonly referred to as LIBOR, this interest rate serves a much larger purpose than any other before it. The rate acts as a benchmark for almost all other interest rates to be based on throughout the world. However, due to the rate fluctuating for unknown reasons throughout past financial crises, suspicions emerged questioning its reliability. These speculations ended up leading to an investigation of a that came to light in 2012.

With the rapid changes in our world, it can be difficult to predict how our economy will change in reaction to international and domestic events. Despite a multitude of negative factors and events in the world today, the global economy is set to grow by about in the next few years.

On October 1st, the United States was authorized by the World Trade Organization (WTO) to impose $7.5 billion in tariffs on EU goods, primarily aircraft and agricultural items.  The Trump administration’s justification for this measure is due to claims that countries within the EU were illegally subsidizing the European owned aircraft producer, . Since the aircraft industry is dominated by two companies—, a U.S. company, and Airbus—the move to impose tariffs was to protect the interests of Boeing.  This decision comes behind numerous complaints filed through the WTO on behalf of the U.S., .  It is widely considered the .  Despite reports from Airbus affirming they are now compliant with WTO rules regarding subsidies from the EU, the U.S. proceeded forward with the implementation of tariffs.

Expert analysts predict tough times ahead for the world’s global economy. Although only predictions, there are many factors throughout the world that support these anticipations of the future; undoubtedly, the most significant is the number of nations at risk of entering a recession. If the predictions were to end up being correct, factors like this would be the prime cause of what experts are calling a “.” 

On Friday, September 20th, thousands of people poured through the streets of capitals and major cities all over the world to march for climate change. Over  held climate strikes organized by youth advocates and had participants of all ages. The climate strikes attracted the media and have caused numerous political and business leaders to promise change.

Since the financial crisis in 2008, Germany has been the leading economy in the European Union. Due to turmoil in the global economy and some negative internal forces, the historically strong and stable German economy is expected to experience low growth in 2019.

As stated by Capital Economics’ Chief Asia Economist , “China’s time as an emerging markets outperformer is ending”. The reasons for this include high levels of debt, a declining working-age population, and lower levels of productivity. This has the potential to send shockwaves through countries supply chains and force companies to look elsewhere when seeking imports. The Chinese government is planning to cut taxes and boost military spending as a cash injection into the economy, but analysts remain skeptical. Last year, China reported growth of 6.6%, anything below this mark would be a .

Global growth shows the rate at which the global economy is either growing or falling. Global growth is important when understanding where the economy of the future is headed. The World Bank just decreased their forecast for the second time in the last 6 months. At the beginning of 2018, it was expected that the 2019 global growth was to be , then in June, it was reduced to . Most recently the projection has been reduced to . While can seem small, when put in terms of the entire global economy, that small reduction in future growth can have a significant impact on the global economy. The lead forecaster of the World Bank, Ayhan Kose, said the following about global growth, “When you think about the engines of the global economy, they’re all going to lose momentum.” This change is going to affect every major market across the country.

Stan Lee, an exceptional individual who helped to create remarkable characters like , passed away last week at the age of 95. He was a comic book writer and more importantly, revolutionized the comic book industry. In his stories, the superheroes are more relatable. They go through hardships that normal people experiences, that the readers experiences. For example, he created a new superteam, The , that broke the tradition of flawless, impeccable superheroes. He targeted his audiences well, and as a result, helped Marvel in becoming an important pillar in Hollywood.

As of November 19, 2018 In the past, that hasn’t been so concerning because strong demand for US debt kept the interest rates low. Collectively, and the implications that come with it.

International production, strategic global investments, and the infrastructure design of global supply chains are all a function of driving satisfaction among a company’s customers (and perhaps some can argue satisfaction among a country’s citizens). On October 26, 2018, I am giving a talk () at the in a session titled “Explaining today’s global investment and international production trends.”

Natural disasters have always been detrimental to society. They disturb peoples' lives, destroys infrastructure, and the aftermath can last up to several months. All of these factors affect the global economy in its own way. From 2000-2017 alone, there was an estimate of about economic loss from natural disasters worldwide. Since this number only represents the measurable losses, the actual amount goes way beyond this number.

Popularized by recent ride- and accommodation-sharing platforms, the sharing economy has experienced significant growth and demonstrated its potential for international scalability. The implications of this new economy are predicted to disrupt a variety of business models and industries, ultimately challenging the way we define consumption. Topics to consider include factors driving growth, potential industry risks, and future trends set to affect the way consumers capture value.

Entrepreneurship is permeating business conversations as more people discover the lasting benefits that come with investing in start-ups. Entrepreneurs are responsible for driving the majority of social and economic innovation across the globe and continue to foster opportunities for growth in mature, emerging and frontier markets alike .

Chewing-gum—from the baseball diamond to office workplaces, over 100,000 tons of gum is chewed per year around the world.  Dating back to ancient times, different versions of gum have been used as a means of trade in Africa, stress relievers in Greece, and a construction material in Central America.  To this day, chewing-gum continuous to hold its position as a popular commodity on our planet.

Each day, millions of people fill up reusable water bottles during school, sports, and work, continuing to grow the trend of ditching clear plastic bottles for their refillable—and more environment-friendly—counterparts.  Fueled by an increase in online shopping, reduction in overall price, and easy accessibility, the consumption of reusable water bottles across the globe is estimated to reach 3,902,642 thousand units in 2017 alone.  The implementation of these types of bottles into shows the most opportunity for the market to grow, finding more efficient and practical ways for users to store and drink water without negative health and environmental impacts.

Recently, technology has been hitting many new sectors of everyday life from reading, media and now clothing. The bra industry plays a major factor in the economic impact of clothing and now is attempting to flourish even more with the new technology being implemented into innovative products.

With Hurricane Harvey just recently striking southeastern Texas and part of Louisiana the damage major storms can create is too fresh in our minds.  Images of the submerged houses and destroyed stores fill most news programs in the United States.  Storms like Harvey often cost many people their livelihoods and sometimes even their lives.  The destructive power of a hurricane is even greater than most people realize. .  While major storms like these never go through their entire life cycles damaging land they still hit land and destroy with a ridiculous amount of strength.

How drastically has Brexit affected the United Kingdom’s economy, and where does the country stand as it attempts to separate from the European Union? Reports released by the INSEE on July 27th indicate that the United Kingdom only saw a .3 percent increase in GDP during last quarter, marking yet another term in which the country  while rival countries such as the United States, France, Spain, Austria, and Sweden have performed far better.

������Ƶ has added a Best Countries Index to our Country Indices pages. The index, compiled using data from the , assigns a ranking and score to 80 separate countries, based on how global perceptions on a variety of attributes could potentially increase trade, travel, and investment in each country. The information also takes into account how these perceptions could potentially affect the national economy of each country. The factors considered are qualitative instead of quantitative, giving varying amounts of weight to these subrankings: adventure, citizenship, cultural influence, entrepreneurship, heritage, movers, open for business, power, and quality of life. Check out our new indices today.

The scope of global business and international trade has seen optimistic improvements throughout recent years. Many analysts and companies are becoming increasingly confident regarding global trade and overseas opportunities. This confidence is due to global trade growth exceeding initial forecasts as well as the stabilization of China's economy and demand. These particular factors could be indicative of , a benchmark that has never previously been reached.

Contrary to many people's beliefs, cannabis can be useful as a . These are just a few of the reasons citizens have been speaking out to their governments worldwide about the legalization of medical marijuana.

The Xiongan area outside of Beijing has been deemed the newest special economic zone (SEZ) by the Chinese government. Compared to other countries, China has been the most successful in using SEZs to spur investment and growth—specifically by attracting foreign capital. For example, Shanghai's Pudong New Area was established in the early 1900's and is now the nations hub for financial business. However, there are also significant concerns when establishing a special economic zone that have to be taken into account.

Large consumer good staple companies have been impacted by slower sales at the end of the first quarter of 2017. Companies in the food beverage and consumer staples segments are being hard pressed to adapt to changing tastes, while other large companies are losing market share to technologically adept disrupters.

The Life Cycle Hypothesis (LCH) is an economic model developed by famed economist Franco Modigliani in the early 1950’s, which attempts to explain the saving and consumption patterns of individuals over their lifetime. The is that by assuming all individuals maintain stable lifestyles, they will plan to even out their consumption as best they can over their lifetime. This implies that an individual will transition through multiple phases of saving and consumption patterns throughout their life. In their youth, before entering the workforce, an individual will borrow against future earnings, many to pay for education and training. Once that individual enters the workforce, they will become a net saver, as they put money away for their eventual retirement. Finally, in the twilight stages of their life, once an individual retires, they will become a dis-saver, as they begin to drain their accumulated retirement savings.

Oil prices worldwide are in decline. Much of the decline in oil prices has been contributed to rising oil production in the United States. To combat this it is expected that at their meeting in May. As recently as it was reported that Saudi Arabia was gathering support from other OPEC countries in extending their cap on production.

In part three of our transport manufacturing blog series, we look at high speed trains.

In 2013, the Japanese government set the goal of tripling its infrastructure exports, such as nuclear plants and bullet trains, to a nearly . Pros for the Shinkansen bullet train include a sound safety record, low emissions, and punctuality, but despite its technological advancements, foreign buyers remain unconvinced of the feasibility of the bullet trains.

Investors are investing more in equities in European markets, which is leading to a rally in the continent, despite fears driven by political uncertainty, such as Brexit and the upcoming elections in France. , and this is seen as being driven by the hopes of a harmonized global expansion. Stock funds in American markets are facing outflows due to investor’s worries of high valuations, and political uncertainty around the current presidential administration's efforts to reach agreements on tax reform and the fiscal spending plan. It is thought that investor confidence in the global economic outlook and its resilience against shocks can be attributed to strong economic signs, such as purchasing manager indices reaching a high in the Eurozone, and easier financial conditions globally.

Global interest rates are one of the several factors that can drive merger and acquisition activity in 2017.  The London Interbank Offered Rate (LIBOR) is connected to the United States Federal Reserve Bank’s short-term rate, which plays a role in determining the debt financing rate. If the LIBOR rises, it would make it , however, a gradual rise would soften the material impact of rising rates.

When experts study the economic effects of migration, the amount of money expatriates send back to their homes plays a key role in some countries. These transactions are commonly referred to as remittances, and they represent a major international financial resource in the world and a mean to reducing poverty in the developing world. Remittances also create positive spillover effects, such as improving health, education, and gender equality.

Mongolia is in the midst of a debt crisis, and this week it was announced that the troubled country would . The loan will be financed by a collection of entities, including the Asian Development Bank, the World Bank, Japan, South Korea, and China. Mongolia’s struggles are recent, but came swiftly. After in 2011, the country quickly fell into cash problems. China’s economic slowdown was a major factor in the economy’s collapse, along with falling commodity prices, a backbone of the Mongolian economy.

In recent years, the demand of expatriates has shifted from Westerners to expats from Asia. Many corporations in the West would send their employees to different countries for a short period of time to gain experience and transfer knowledge to their companies. However, companies in Asia are drawing attention due to their global economic success, resulting in an Eastern shift for expats.

The 2015 Joint Comprehensive Plan of Action (JCPOA), known as the Iran nuclear deal, was a global agreement that curtailed multinational sanctions on Iran with the promise that Iran would cut back on its uranium enrichment. Several nations have doubted Iran's full commitment to the deal, ; nonetheless, the JCPOA has held firm thus far. Helped by the sanctions relief, Iran has now taken a large step in revitalizing its position within the global marketplace. , hoping to increase its overall output to at least 4 billion barrels a day by the end of March. Unaffected by the OPEC supply cuts negotiated last November, Iran hopes to massively expand its lagging energy industry, a sector that was particularly hit hard by pre-deal sanctions.

Many companies all over the world are concerned with the challenges of the including the threat of Airbnb, as well as social responsibility and liability complications. Airbnb is seen as an increasing threat to the hospitality industry and researchers predict that the company will eventually become a replacement for . As Airbnb is continuing to grow, hotels are having a hard time maintaining their nightly and occupancy rates that they had the year before. Not only are companies like Airbnb a threat to the hospitality industry, but other challenges include liability alleviation and corporate social responsibility (CSR).

Destination cities in South America, like. A positive impact of the currency devaluations is that the exchange rates across the South American region have allowed an affordable opportunity for foreign travelers to go to South America. Investments in infrastructure are also helping to propel the because the improvements help increase access to various markets and boost travel in the region.

  Both countries are members of OPEC, the Organization of the Petroleum Exporting Countries, and to keep oil prices at a stable point. Up to this time, however,  continued to increase their own production of oil. This is because Nigeria was exempted from cutting their oil production in the OPEC agreement.  

has been pushing to incorporate nuclear technology in medicine. This process, known as nuclear medicine, involves the use of radioactive substances producing dangerous radiations to gamma rays, beta particles, and alpha particles. Although it may be risky and unsafe, increasing participation in the “” has brought tremendous success to the country in the means for fighting cancer.

has been one of the largest economies in the world for many years, however its place near the top has been impacted in recent times because of its currency. The yuan, the national currency for China, has been depreciating in value and will continue to do so into the first quarter of 2017. This decline has been the in the last two decades. For the past 14 consecutive months, money has been leaving China, causing a slump in the nation’s central banks. About since China devalued the yuan in 2015.

In the, the gross domestic product expanded by 3.5% during the third quarter, the strongest growth rate in the last 2 years.  The data reflected strong consumer spending in services and investments in buildings and intellectual property. Since the recession ended in 2009, the , averaging about 2%.

The has lowered its global outlook for the 2016-2017 year, despite a fairly strong performance during 2016. The .’s vote to leave the has led to uncertainty macro economically and may lead to a negative impact due to damaging investor confidence and market sentiment. The IMF is projecting that the advanced economies will hold steady with growth at 1.8% for both 2016 and 2017, and the overall global growth is projected to increase by .

It is expected that Beijing will tighten capital controls after the foreign exchange reserves fell by nearly due to high capital outflows. According the Institute of International Finance, October was the 33rd consecutive month of net outflow of capital.

On December 4, Prime Minister Matteo Renzi mandated a referendum for a major constitutional reform. The goal was remove certain powers from the Senate—the upper house of the national legislature—so as to establish sole approval power in the lower house and expedite the legislative process. A powerful movement against the referendum was led by populist coalition Five Star Movement, reflective of a global trend of increased populism in national governments over the world. The results mirrored this: , causing Renzi to meet with Italian President Sergio Mattarella the following day and offer his resignation. However, the referendum results have not just shaken Renzi's political career; 's entire future now lays in the balance, with several potential crises at hand.  Questions have risen over probable political changes, the future of Italy's place in the , and the effects on the banking system.

Today, the Organization of the Petroleum Exporting Countries (OPEC) will be conducting a highly anticipated meeting regarding the future production of oil and its prices. The main issue the meeting will focus on is the amount of oil supplied by members of OPEC, with an emphasis on the leading oil producing countries in the group. Investors are anxiously awaiting the outcome of the OPEC decision to potentially cut oil production globally. Outcomes of the previous meeting conducted in Algiers seemed hopeful,

Despite the trade agreement disputes, political instability, and concerns about the withdrawal from the European Union, the European economies have continued to grow slowly and steadily. During the months of July through August in the third quarter, . Global economic growth is based on the productive potential of a country, and the Eurozone economy has, for the past few months, experienced a steady yet sluggish growth.

Global interest rates currently span a wide range; from , at a negative 0.75%, to at 28.5%. Overall, , 29% increased their rates, and the remaining 26% left their rates unchanged. Central banks are often nationalized institutions that are usually independent from the government, but whose privileges are established and protected by law.

Through October, the Eurozone’s economy. The rally in in government bonds and a higher chance of inflation has caused 10 year government bonds in the UK to now yield more than double the levels they did in August. Due to the interconnected global bond markets, the . The raise eased pressure on the , whose quantitative easing program prevents it from buying any debt that yields under the deposit rate of -0.4 percent.

Global economic growth has been held back in recent times and many factors play into this; however, political uncertainty has been at the forefront. Unpredictable political outcomes, such as the general election season in the world, instability in the Middle East, the Brexit, and leadership reshuffle, have created considerable doubt and uncertainty in global markets.

The economic impact of natural disasters can be witnessed on a global scale. These disasters often set in motion a variety of chain reactions, negatively impacting and in some cases decimating sectors of the global economy.  

These are some of the most infamous natural disasters with respect to their economic repercussions:

has one of the largest oil supplies in the world, and oil serves as the primary source of income for Venezuela’s economy. The large drop in prices has severely hampered its ability to import products, and has prompted a rapid rise in inflation. The .

International trade is an exceptionally important driving factor for corporate and economic growth. Following a two year decline in international trade figures, the (OECD) finally reported growth in the second quarter of 2016. Members of G20, an exclusive group of 19 countries and the , showed an increase in combined exports and imports after a run of declines. The majority of G20 countries' export economies rose by at least 1.5% in the second quarter of 2016. Unfortunately, a few major countries such as , , and failed to experience export growth.

are responsible for determining the monetary policy by setting the interest rates to balance investments and savings, which helps to keep economies fully employed and inflation stable. The natural rate is the interest rate that helps to achieve the balance, and federal reserve policy makers believe that the rate is at 3%, down from 4.5% prior to the recession. The 1.5 percentage point .

From 2012 and 2015, it was estimated that budget deficits for governments in the Eurozone were reduced by 40% because of lower borrowing costs. The reduction in the cost of borrowing can be attributed to central banks policies. Low bond yields allow for governments and lately, many yields have fallen into negative territory.

crude oil prices have been falling for the past two years and some claim that prices may not change until 2019, when oil production will reach its peak. Ever since the global oil-price collapse, oil has become a lot more affordable for consumers, hitting a two-month low on Wednesday, July 20th. As a result of excess oil productions, many suspect that oil prices may go back to .

This blog was written using a wealth of materials promoted by the , , and various UN Forums, such as the , but with my take on the implications and where to go from here. This inclusion of official, publicly available UN materials sets the tone for the debate about UN’s Sustainable Development Goals (SDGs), the , funding and bold leadership required, and the worldwide collaboration needed by the UN’s 193 member states. My take is that collaboration – whether it be structured as a series of multilateral agreements and/or regional agreements – is the way to go over any form of isolationism.

, but the working age population (ages 15-64) will have only expanded by 26%. Amongst the more , by 2050, the working age population will have shrunk 26% in , 23% in both Germany and , and 28% in . ’s population is expected to grow by 33%, however and ’s working population will contract by 21%.

Economists warn of a sudden recession due to the uncertainty of exit from the and the lack of a strong plan for the future of the global markets. Over the past 2 weeks, the British pound has dropped to record 31 year lows against the American dollar, and the Bank of England recently stated that it would likely combat the financial turmoil through quantitative easing and rate cuts. Current economic predictions of and corporations postponing investment would further lower the demand for labor and increase unemployment. However, despite the potential signs of further economic turmoil, there are silver linings that are becoming more apparent, such as emerging markets and the role of uncertainty.

A big topic in finance, and more specifically tax, is base erosion and profit shifting (BEPS). The The goal is to eliminate incidences of tax avoidance around the world once BEPS is implemented. The OECD, G20, and the are currently working together to recommend and propose policies to take place under BEPS.

Economists and governments have predominantly been talking about bringing the ancient Silk Road back into the world of trade. Although the Silk Road dates back to 300 BC, it has had a lasting significant impact on stimulating the cities that laid along its trail. This has influenced to bring the Silk Road back in order to enhance global business. As a result, .

Although the largely aided by truck drivers. These truck drivers are responsible for crossing battlefields and checkpoints to deliver consumer goods, such as food, cars, and oil.

As the capabilities of artificial intelligence and technology continue to grow and become more versatile and sophisticated, there are more opportunities for continued growth, but these advances can have a wide range of impacts across many in the global economy. Artificial intelligence encompasses a wide spectrum of technological advances, such as robots, augmented reality, autonomous vehicles, and algorithms.

The could be seeing , jump started when the announced a liberalization of their sugar policies. The new sugar policy will allow farmers to produce more sugar, as production quotas and minimum payments have been abolished. With the new rules, the EU expects to become a net exporter of sugar for the first time since 2005, which will impact sugar farmers internationally, especially those used to importing to Europe.

The global debt is currently around $60,244,106,843,495, and according to the , there are only two countries,  and , that don’t owe any sovereign external debt. Both countries are fairly small, and are both resource rich,  into their economies. Macau is a semiautonomous region of , and is home to the world’s largest casinos. Lichtenstein is one of the smallest European countries, and is the largest manufacturer of fake teeth and sausage casings. Both countries don’t use their own currencies, with Lichtenstein using the Swiss franc and Macau using the Hong Kong dollar, so their governments are unable to print more currency and utilize inflationary financial policy.

In recent weeks, there has been a lot of coverage of various commodities, such as oil, and the role they play in the global economy. Two other commodities that are influencing the global economy are lithium and coffee.

“Fintech” has been used lately as that have challenged and changed the more traditional aspects of finance, such as wealth management, lending, insurance, and payments. A current key challenge that the financial technology industry is facing is if the industry can continue to grow while facing increasing amounts of financial regulation.

Christine Lagarde, the head of the International Monetary Fund (IMF), gave a speech concerning the global economy last Tuesday in Frankfurt, . The speech covered several facets of international business and economics, including free trade, political risks to worldwide economies, income inequality, and recent policy actions. . Lagarde warned that unless more is done to kickstart economic growth, the global economy will fall behind. Her speech precedes, and perhaps sets the tone for, the IMF and  spring meetings, set to take place in Washington D.C.

On Sunday April 3, in what is being called the biggest leak of confidential information ever. The leak amounts to approximately . The leaked documents reveal corruption and shady business dealings of politicians, world leaders, and celebrities. The leak exposes how major banks, law firms, and asset management companies manage the wealth of the world’s most powerful people.

in electricity under a new 2015-2020 development plan. It is attempting to tap several rivers for power generation, which is a part of its plans to boost its manufacturing, help to industrialize its agrarian economy, and to export power to countries in Northern and Southern Africa. A $4 billion deal was signed with an U.S.-Icelandic firm in 2013 to build a private-run 1000 megawatt geothermal plant and more power generating projects are being negotiated with other international companies.  is dependent on the Nile, and is concerned that the Renaissance Dam would reduce the river’s flow. In addition, stated that the Gibe 3 dam and its related irrigation scheme could reduce the volume of water in its Lake Turkana. Low levels of rainfall this year have had an adverse impact on existing dams, and currently four hydropower plants are producing at low levels due to low water levels. There are several more concerns about these projects, namely the current ongoing severe drought and the environmental ramifications.

In the G-20 summit this past weekend, the world’s finance ministers agreed not to engage in currency wars to boost exports. Currencies in emerging markets have been battered since the financial crisis began in 2007. Traditionally, countries when their currency is weak; however, it’s not been the case this time around. This is the case not only due to slowing growth in and rapidly decreasing oil prices, which has hurt commodity exporters, but also the Federal Reserve’s increase in interest rates. The possibility of interest rate increases in the has put pressure on currency markets.

Iran, ’s number 3 crude oil producer, to around 1.65 million barrels per day in March. Previously, was exporting about 1.5 million barrels per day. With the rise in exports, the state-run National Iranian Oil Company plans to increase shipments to several countries throughout Europe. The National Iranian Oil Co. is expected to ship around 250,000-300,000 barrels per day to Europe beginning on March 1. France is contracted to receive about 200,000 barrels per day, while Spain is set to receive about 35,000 barrels per day. and are also expected to receive shipments from Iran.

A referendum is a vote in, and can cast a “Yes” or “No” vote to a question, and whichever side has over half of the votes cast wins. U.K.’s Prime Minister David Cameron announced a referendum on June 23, 2016 to vote on whether the should remain a part of the European Union. Britain held a referendum in 1975, and voted to stay; however, there are many who called for another vote because they argued that the  has changed over the past 40 years.

The Bank of Japan reduced interest rates to below zero on Friday, after years of keeping them in the positive range. The negative interest rates will be placed initially on reserves valued at 10-30 trillion yen and will apply only to new reserves that financial institutions deposit at the central bank. The goal is that the reduction would cause the real interest rates to decrease, thus . This policy will decrease rates for lending and isn’t supposed to negatively affect banks. The Bank of will be dividing the account balances into 3 tiers, and the interest rates placed depending on the type of reserves that are placed in the Bank of Japan.

The , an international lender to many developing nations, recently released its quarterly . In the report, that includes projections for the rest of 2016, the agency lowered its forecasts for most global commodities. The bank warns that an oversupply of commodities, which caused prices to fall in 2015, will continue into and throughout 2016.

The World Bank has reduced its forecast for global growth for a third year in a row due to . Global markets hit a rough patch in the beginning of 2016 due to weak Chinese data, the fall of currencies in emerging-markets, decreased stock prices, and an increase in the value of the U.S. dollar. The World Bank’s forecast involved three optimistic assumptions for global growth, being that commodity prices will stabilize and that the Chinese government will able to manage the transition away from rapid and unsustainable growth. The other assumption that was made in the forecast was that the interest-rate hike by the  Federal Reserve wouldn’t damage the U.S. economy or have a negative impact in the global financial market.

With the holiday season on the near horizon, it’s crunch time for people across the globe to find the best deals on presents, especially those that aren’t usually affected by seasonal sales. This past weekend and subsequent “Cyber Monday” marks the annual event of the consumer discretionary sector marking down retail goods, offering exceptional savings for a very limited time. Generally, a jolt in sales due to Black Friday is expected to be a harbinger of a relatively healthier Q4 earnings report, especially if previous periods had stagnant growth or lackluster earnings. The holiday shopping season is vital to the fiscal success of many retailers and yet historically, sales during this time of year don’t follow any particular pattern or have any distinctly profound impact on overall economic trends. But for many, Black Friday is a time of year that can make or break a company’s financial statements.

2015 has been a tough year for international trade, as new statistics show this year is on pace to be the . The numbers were a surprise compared with earlier projections, and have led to worries among some economists about the health of the global economy. The had expected a 3.1% increase in trade volume compared to last year, but through three quarters of 2015, trade has only grown 0.7%. Analysts have highlighted lower demand from the Eurozone as well as an economic slowdown in as major factors in the low trade numbers.

El Niño is a weather and climate phenomenon which is characterized by unusually warm sea and surface temperatures and can be . The change in the sea temperature can affect the timing of when the heat transfers from the oceans into the atmosphere, which can affect temperature and rainfall patterns. Historically, El Niño has immediately impacted the agriculture sector, but its effects can also be felt later in the global marketplace.

2015 has been a huge year for mergers and acquisitions, with current projections predicting the total value for the year will be the highest since pre-recession levels. Well-known industry leaders such AbbVie and Pharmacyclics, Royal Dutch Shell and BG Group, and Kraft and Heinz have all announced mergers this year, creating huge international corporations to compete in the global market. Several sectors have seen a large share of the activity, one being the , especially in the electronics and semiconductor area. The semiconductor industry is the backbone of the technological industry, producing the chips used in computers, cell phones, and appliances.

The low oil prices have had both positive and negative effects in the short-term, but the long-term effects are less known and are thought to have wide and long-term impacts on the global economy. Low oil prices have reduced gas prices and have allowed people to save money at the pump. Lower gas prices can help people who have lower incomes and can also reduce costs on energy bills for those who live in cold climates. The automotive industry has sold more cars while gas has been less expensive, which has caused . In addition, transportation companies benefit from lower fuel costs, as does any business that has to pay fuel bills to power its operations.

’s recent recovery, frail as it is, is doing far better than the failing endeavor it’s been pegged as in mainstream media. Understandably, claims on the many faults of Prime Minister Abe’s Quantitative Easing policy have been warranted. This year alone, Japan has faced a shrinking economy in its second quarter and came uncomfortably close to the same designation in the third quarter. Most notably, Dismal as the outcomes have been thus far, the island nation is inching closer to its goals.

After multiple offers, . AB InBev, owner of Budweiser, Stella Artois, and Corona, will now become the controlling player in the international beer market after the purchase of SABMiller, owner of Miller Lite, Peroni, and Fosters. As a result of the merger, the newly created company will hold about 30% of the global beer market share. The $106 billion deal is atop the record charts for beer acquisitions and is one of the highest-dollar corporate takeovers in history. AB InBev and SABMiller’s combination sets the stage for many shifts in the international beer market.

This coming week will provide several indications of the recovery of the global economy, amid increasing concerns of another economic downturn. A major point of worry for economists is that there are limited tools that Central Banks can use globally to avoid another recession. is expected to release data that is leading to expectations of an increase in stimulus measures to avoid a sharp downturn. The has been attempting to raise inflationary pressure to spike a raise in prices. Inflation numbers for some member countries are expected to be published this coming week and are expected to confirm that . Banks globally have been taking either a more hawkish stance, where there may not be an extension of quantitative easing, or a stance of allowing more money to enter the economy through increased stimulus.

It takes much more than a simple name change to integrate an existing product into foreign markets. Many established companies are attempting to expand their global presence by moving into new foreign markets, specifically , but are finding it a much more arduous process than they initially anticipated.

and are both among the fastest-growing economies in the world. Despite the global economy being in financial turmoil after China's projected lower economic growth, India is trying to project itself as a safe investment with continued economic growth. and economists for a three-hour summit to discuss how to steer India’s economy in a positive direction after China’s slowdown was announced.

As of late, there has been a lot of talk of whether the in September. Typically, the Federal Reserve would raise its benchmark interest rate when the economy is growing too fast to encourage people to spend less and save more. This slows the economy down, thereby reducing inflationary pressure. A raise in interest rates signals a perception that inflation is rising and that the economy is healthy and growing.

The ECB is still struggling to keep above water, while is dealing with its market crash. The surprise yuan devaluation has agitated global markets further. When the People’s Bank of China (PBOC) decided to weaken its currency to get back on the right track, the USD, JPY, and EUR have been forced to adjust accordingly. Anytime a nation deliberately interferes with its currency, ripples are sent through the markets. China, with its 1.9% devaluation, has made waves. Last year, it was Europe in this position, and in 2013 it was Japan’s Abenomics with a weak yen at the helm of its policy that took center stage. With China’s recent move, countries all over are engaging in competitive devaluations to protect currencies. With an increasing number of countries being involuntary drawn in and a few apparent losers already, this is shaping up to be quite a turbulent currency war.

With multiple billion-dollar deals already announced this year, total takeover-deal announcements are . This mark would exceed to previous , just before the global financial meltdown.

Iraq’s economic stability has been impacted by budget deficits that have been worsened by . Since early 2014, has experienced massive economic decline due to territory that has been lost to militants in extremist groups, such as the Islamic State.

There are presently many different happenings all across the globe that are affecting emerging market (EM) currencies. A lessening demand for commodities, a devaluation of China's currency, stalled global trade, and an expectation that the Federal Reserve will increase interest rates are all bearing down on EM currencies. Some of the countries on the more drastic end of this are , , and , whose currencies have fallen more than 30% over the past year, according to Bloomberg Business. Currently,  and according to Stephen Jen, a former International Monetary Fund economist, we should expect "a violent sell-off in some emerging market currencies in the second half of this year".

The business risk companies are now facing has increased greatly due to . These risks are quick to evolve and there is little a company can do besides being prepared, which hopefully allows it to bounce back and emerge even stronger.

El Niño is a weather and climate phenomenon that is characterized by unusually warm sea surface temperatures. During the El Niño, warm water moves from the Western part of the Pacific Ocean to the Eastern equatorial Pacific Ocean, often accompanied by a change in trade winds. This occurrence can cause significant economic impacts, which could directly impact the agricultural economy first, but later can be felt in the global marketplace.

The and the agreed on Thursday to lift nuclear-related sanctions against Iran in exchange for ’s The removal of these sanctions could assist in reviving Iran’s economy, which has stagnated in post-sanction years.

With a new development by an engineer at , soon a sky scraper could generate enough energy from its windows to supply all of the energy it needs. Researcher Richard Lunt, of Michigan State University, has been able to do what many have tried in the past, making a . This new technology, within the next couple of years, could change the face of solar energy and global business. This new technique could change the windows in any building or the glass face on a mobile device into a solar power harvesting application. 

From the free silver policy issue of the 1800s to the Bretton Woods agreement of 1944, America has always had differing views on how the dollar should be valued and leveraged, as well its role in the global currency exchange. Ever since the eve of World War II, the U.S. dollar has had notable domination in the international marketplace. In nearly all transactions made using more than one currency in the past three years, the dollar was required as a conversion factor to complete trades. The U.S. dollar, for quite some time now, has been the world’s reserve currency. In , Sara Eisen explores the impact of the world’s strongest currencies, the possible ramifications of highly leveraged monies, and the perilous yet profitable realm that is the foreign exchange market.

In her novel , author and Georgetown University professor of international economics  researches and follows the lifespan of a simple commodity - a t-shirt - across the world, while examining the insights it provides into the markets, power, and politics of an increasingly interconnected global economy. Beginning with a street peddler selling shirts intended for tourists in Fort Lauderdale, , Rivoli investigates the roots and destinations of her t-shirt in an epic that spans the historical versatility and dominance of international markets, textile production facilities in , market demands for affordable commodities in the and Europe, and ending its journey in used clothing markets in .

In the past few years, globalization has become more apparent in its role in the global economy, where more people, countries, and economies are becoming interconnected with one other. In the book The Lexus and the Olive Tree, Thomas Friedman attempts to break down the role that globalization has played and how it can be considered as a new sort of international system for the future.

For the first time, has in hopes that in can attract more international investments in the country. Saudi Arabia has experienced solid growth over the last decade due to hundreds of billions of dollars in revenue from the sale of oil and is attempting to maintain its local spending plan after crude prices have tumbled. The opening of the stock exchange can play a role in reducing its dependence on oil as a driver in its economy and also aid in its future economic growth.

is a country that is steeped with opportunities and chances for economic growth, but has its problems and challenges as well. Between in the economy's estimated size. Now, Nigeria has the largest economy in Africa with a nominal estimated GDP of  $590 billion, surpassing ’s $340 Billion, and has maintained over the past decade an average growth rate of 6.8%, higher than the West Africa sub-region.

The Fédération Internationale de Football Association, or FIFA, is the international governing body of soccer, the world’s most popular game. FIFA has been under massive scrutiny from the fans, media, and government officials in the past month over the re-election, and subsequent resignation, of their embattled president and corruption charges leveled against nine current and former top FIFA officials. These charges culminated in the arrest of seven FIFA officials in Zurich, on May 27th. These officials are now facing extradition to the United States on broad corruption charges, which include racketeering, wire fraud, money laundering, and tax evasion.

Some may think that the key to expansion is growing, but it is becoming more popular in the global business world today for companies to divest in order to achieve desired growth. Many and also help improve corporate performance. A growing abundance of divestitures is being seen throughout industries around the globe, even in industries where M&A activity like this is anything but the norm.

Latin America has often been considered one of the largest areas for economic growth; however, at the end of the first fiscal quarter, the . Despite most economies in the region continuing their steady growth paths, , , and have decreased in their growth, with only and seeing an increase of growth. This can be attributed to global conditions, as other countries, such as and have also showed similar signs of decreased economic growth.

Ukraine’s economy has in an economic downturn that stretches back to 2012. In the first quarter of 2015 the compared to the same period last year, while Gross Domestic Product fell 7% in the same period. The underlying causes of this recession are both a downturn in the domestic market, as well as a struggle to sever its economic dependence on Russia and orient itself more towards the west, specifically the European Union.

due to the rising value of the dollar and the potential for an oversupply of oil. Global conditions and the turmoil in the Middle East caused oil barrel prices to rise, especially due to the gains that Islamic State militants made in Iraq after seizing the provincial capital of Ramadi. In addition, the dollar continued to rise against other major currencies, thus making raw materials less affordable to holders of the euro and other currencies.

Three-quarters of France’s electricity comes from nuclear power, which is a higher proportion than any other country in the world. In France alone, 220,000 people are hired to work in the . Because of this, French nuclear companies have been seen as leaders at the forefront of developing and operating uranium fueled reactors around the world. But recently, it was discovered that new power plants intended to showcase the energy industry’s latest technology are now extremely behind schedule and over budget. Problems at one site have raised doubts that it will even be completed.

Since the Asian Infrastructure Investment Bank (AIIB) was founded in 2014, there have been many discussions around this multilateral development bank concerning its purposes and functions. Despite the skepticism, AIIB, once launched, will accelerate Asia’s infrastructure development and international trade. This blog will briefly explain the impacts of the high-speed Silk Road, one of such projects that AIIB has announced recently.

In this day and age, the internet is an integral part of everyday life. Many people are dependent on the internet for both their social and work lives. Put simply, many people could not live without the internet. This being said, (roughly 4 billion people) do not access the internet in any way, shape, or form on a regular basis. The leading technology companies (Google, Facebook, etc.) recognize that bringing these 4 billion people “out of the dark” would not only provide , but would also present billions of dollars in untapped revenue for these companies.

It has been big news in the world economy that is trying to implement a single economic community called the . What does this mean for ASEAN and the entire world economy? The AEC is expected to lead to a single market and production base, a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy.

Since last year, . This has occurred due to several factors, including decreasing global demand for oil and an increasing supply. Lately, however, demand for crude oil is on the rise and overall output has been growing in major oil-producing nations such as , , and . It is yet to be seen if these events will continue as an industry trend for this year, but a potential change in oil prices could certainly occur.

As of late, the value of the dollar has appreciated compared to other currencies, and one currency that the effects are evident in is the euro. The fall of the euro has been increased due to the willingness of investors to move their assets out of the Eurozone, and into “safe havens” like the , , and .  The difference between the European and American monetary policies has been a catalyst for investors reallocating their portfolios, looking for bigger gains. A major difference playing a role is that euro will be further pushed down against the dollar, as the European Central Bank is holding interest rates, while the is looking to raise the rates.

Globalization can be defined as the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade, investment, and information technology. It is not a new concept, and has been present for thousands of years, as people and corporations have been buying and selling goods and services, along with exchanging ideas across long distances.

Last Friday, . Available water for consumption and other uses may be reduced by 40% as a result of factors such as urbanization, high living standards, heavy industry usage, and booming population growth. The report calls for drastic measures to keep freshwater as a readily available resource for the future, as some regions of the world are already starting to run out of water and aquifers are becoming exploited beyond a sustainable level. This will mean cutting down on heavy water consumption and use, a move which will affect people and industries worldwide.

With diverse ecosystems, the ocean is a key source of marine life and resources. Because the Caribbean region is surrounded by ocean, exporting marine resources could potentially be a key driver in the region's economy. However, because of, many Caribbean countries have not made full use of their marine resources, which has limited their ability to expand economically.

In recent years, immigration has been a topic that has been widely discussed globally, from the . to the to the and the .  There are other aspects of immigration that are often not considered that tend to slip through the cracks of the political quagmire, and those aspects can influence the global economy and can be far-reaching.  One such aspect is remittance, which is the transfer of money from a worker in a foreign country back to , typically family members and friends.

On February 19, the . Germany had hoped that Greece would renew its existing deal that contains harsh austerity conditions, and a German Finance Ministry spokesman claimed that the proposed assistance package was “not a substantial proposal for a solution”. The Finance Minister himself, Wolfgang Schaeuble, stressed that no new payment of funds would be given to Greece until a new deal was made. Despite the Greek economy growing in all four quarters last year, it has been in recession for almost 6 years and must take measures to improve the condition of its .

Globalization is occurring and the world is growing more interconnected and accessible, and as a result it is now easier to travel to other countries. Cultural awareness is increasing, and as a result, tourism is too as people want to experience the culture of other countries. The tourism industry accounted for and currently employs 266 million people worldwide. In perspective, the global tourism industry employs 1 in 11 people on this planet. One aspect related to tourism, that is often not considered, is that with benefits and new opportunities, come new challenges.

Exchange rates for currencies across the world are akin to a seesaw - they need a balance. As a result, the simplest differences in the exchange rates can have drastic ripple effects on economies due to the economic purchasing power principle. If your domestic currency is trading strongly (weakly) against a foreign currency, you have increased (decreased) your purchasing power and can purchase more (less) just from currency swapping. The effects of currency exchange on purchasing power can be in the form of , such as , or based on the nature of . As you will see, exchange rates can have a drastic impact on tourism globally.

In 2014, international tourism grew by 4.7%, and strong growth is expected for 2015 as well. In fact, the anticipates that global tourism will grow by 3-4% in 2015, further aiding in the global economic recovery. 2014 marks the fifth consecutive year with above average industry growth, as the international tourism industry has shown strong resilience following the 2009 economic crisis. In recent years, . The question remains, will this growth continue into the foreseeable future?

At a recent G20 finance ministers’ meeting, the main topic of conversation was economic growth and policies to implement. The OECD was in attendance, and expressed the need for . The desire for economic growth needs to be coupled with a focus on combating growing inequality around the world.

McKinsey & Company, an international consulting firm, containing information on the debt of over 47 different countries. The numbers show that total global debt has increased by $57 trillion since the 2007 financial crisis, making current global debt a record high of $199 trillion. Debt is now 286 percent of global economic output, a 17 percent increase from what it was during the financial crisis. These figures expose weaknesses and trends present in all markets and countries, and also imply that many of these economies might be headed on rocky roads toward bankruptcy or severe crisis, affecting the economy on a global level. Here is a closer look.

Ask and you shall receive. The Greek population decided it was time for a change in government and just last week, Greece elected and swore in its new prime minister, Alexis Tsipras. The prime minister represents a leftist party and reflects the desire of the Greek people for reform just years after a major bailout. Tsipras ran his campaign based on the issue of .

Recently, Hershey blocked Cadbury's products from being imported to the United States by reaching a settlement with Let’s Buy British Imports, or L.B.B. These agreements forced L.B.B. to stop exporting Cadbury chocolates made overseas to the United States.

The global economy had its by the World Bank, saying that the will not be able to hold up the global economy alone.  The global economy is now projected to grow 3.0% this year, rather than the 3.5% that was formerly projected. However, the United States had its projection increased from 3.0% growth to 3.2% growth. The World Bank cited Europe, Japan, Russia, and parts of Latin America as the source of the struggles leading to the . While oil prices are low, developing economies who import oil will receive a boost. However, oil exporters will continue to struggle, especially Russia, due to the low price of oil.

The coming 2015 year will prove to be a very important twelve months for the world economy. There are large issues still at play that could bring either forceful restoration or another global recession. .

Just last week, 's currency, the ruble, . This drastic event sent Russia's central banks into chaos as they consistently increased interest rates to try to rebalance the ruble. On Thursday, Putin declared that the ruble has reached its highest value in three weeks and is stable again. Unfortunately, economists warn that the fall and subsequent recovery of the ruble is not going to pass without adverse effects, both for Russia and for the global economy. Russia, which has already had a rough year economically, now is forced to withstand the threat of an impending recession. Other regions of the world will also have to be wary of the impact of the ruble dilemma.

Within the past few weeks, news of the has demonstrated once again the undeniable influence that individuals can hold over a major corporation due to the empowerment of the globalization of modern technology. Unlike any other time in human history, the rise of the which has led largely to positive global effects like easing barriers to trade, efficiency in communication or sharing ideas, and enhancing the private citizen's ability to raise awareness for social progress, has also enabled criminal activity to pose serious threats to not only fellow individuals, but massive corporations and governments as well. For this reason, has called the attacks on Sony a "serious national security matter" due to the effects that cybercrime can inflict not only on a nation's informational security, but also on the global economy.

Several new economic developments have occurred in the during this last quarter. The recent drop in gas prices, credited to the drop in global oil prices led by , is one of these noteworthy developments. This has led to increased spending in the U.S, especially in the and automotive industries. There have also been significant increases in employment, as well as a strengthening in the value of the dollar. While these all seem like boons to the United States, some of these factors have the potential to not only hurt the U.S. economy, but economies around the world as well. As a result, economists are warning the U.S. to take caution, especially with its fragile economy now leaving the period of quantitative easing by the Federal Reserve.

Oil prices fell 6.7% per barrel on November 27th after OPEC decided . Currencies linked to oil such as the dollar and the krone took a hit, as prices this low will cause many fracking companies to become unprofitable. Low cost producers in countries like will be able to sustain small profits at such low prices, but fracking companies are not profitable at a price under $70 per barrel. Falling oil prices are a worldwide, since it acts like a tax cut for consumers. The current price weakness can be somewhat attributed to weak demand globally, but the rise of fracking worldwide leads us to believe that there might be an oversupply.

On a meeting in Berlin on Thursday, , a sum dedicated toward reducing emissions and helping to protect developing and poorer nations from the stark effects of climate change. This is a little short of the $10 billion goal that was supposed to be reached, but it is a big step forward in investing to prepare help prepare for the effects of climate change. Environmental officials everywhere have highly praised the fund, and more countries are to offer donations by the end of the year.

Global financial markets have suffered from selfish decisions made by central banks in various countries. There have been talks of currency wars coming from emerging markets trying to manipulate their currencies in order to get the best pricing for growth. Now, there has been currency competition within developed countries. The to halt its quantitative easing operation which purchases bonds to lower long-term interest rates. When the government owns most of these bonds, the supply to the public is decreased which lowers yields and raises the prices of these bonds.

In an , I discussed how the restructuring of 's economy by its government had the potential to affect other nations and impact the global economy. In this post, I will be discussing the economic and political struggles it is currently facing and how these issues are influencing Western nations. China is currently having trouble with its slowing economy as well as a tough anti-corruption campaign that deals with government figures and local business. Currently, the government is actively seeking solutions to these problems.

Export growth in the global economy is stagnant. China’s exports increased by 8.6% last year, yet for a decade it had produced export growth rates around 20%. Similarly, Germany’s export growth has slowed significantly, increasing by only 0.9% in 2013. Sluggish trade is a result of a slow global economic recovery that has consistently failed to meet target projections. Financial officials in some countries are as a measure to make exports more appealing abroad.

According to a draft of a communique that the International Monetary Fund (IMF) and World Bank Development Committee plan to release on October 11, finance and development officials are  of major current downside risks to the global economy. The major risks that are cited include potential deflation in Europe, Japanese recession, and a slowing economy.

As the world's second biggest economy, is a mainstay for several countries who depend on it for their international services. Most of these tend to be neighboring countries on the same continent, but China's influence is not limited to Asia alone. With major business also being done in Australia and North America, China has proved that its reach is global. As a result, , and will most likely affect economic policies everywhere.

In what would be a great engineering feat, plans for a canal to connect the Atlantic and Pacific Oceans in have been finalized. The idea of a Nicaraguan canal goes back to the 19th century, when officials in the looked into the feasibility of a canal project. Nicaragua ended up being passed over when was chosen as the site for a trans-oceanic canal by Congress in 1902. After the Panama Canal’s construction, talks of a Nicaraguan canal died down until the early 21st century. With increasing world trade and the need for quick shipping, the idea of a second canal connecting the Atlantic and Pacific Oceans was proposed by the Nicaraguan government.

Sports are big business across the world. The recent agreement to , of the NBA, for $2 billion is the largest amount paid for a sports franchise in the history of the . Across the world things are no different. In 2012, for the first time, a sports franchise issued an IPO and went public. Manchester United, an English soccer club, currently holds a , making it one of the most valuable sports franchises.

Nowadays, people have more opportunities to move to different parts of the world than ever before, thanks to globalization. Global trade, therefore, is changing with the increasing mobility. says that, while the last era of globalization was driven largely by sourcing low-cost production, the next era will center on the rise of the global knowledge economy.

A few months ago, will be spent on infrastructure projects alone for the 2016 Rio de Janeiro Olympic Games. These costs will rise as projects are added along the way, and efforts to solve Brazil’s infrastructure gap continue. The pressure on the country continues as will be the first South American country to host the Olympic Games. On top of the 2016 Olympics, Brazil is also hosting the 2014 FIFA World Cup this summer and has experienced delays in its infrastructure preparation. Therefore, the focus on infrastructure development has sharpened in Brazil. Now the question is: How will Brazil’s infrastructure growth impact its in the global economy?

can be defined as the structure or underlying foundation on which the continued growth of a community depends and is of vital importance to countries in all stages of development.  The rapid development of innovations in and has enabled significant improvements in the design, installation, and operation of assets, which can expedite the process of upgrading infrastructure.  In today’s global business environment, cities around the world are competing for business and investment, and the quality of existing infrastructure is often a determining factor.  Countries that are able to deliver improvements to infrastructure quickly and without political interference will likely reap the greatest economic benefits.

As prepares to make Crimea part of Russia, other countries have watched from afar and have developed plans to impose economic sanctions on Russia. Government officials from the have already signed an order . Leaders from the European Union are also considering their options as they meet in Brussels to discuss economic sanctions against Russia. With economic sanctions on Russia looming, the impact on Russia and the global economy remains to be seen.

For the first time in China’s history, a Chinese company defaulted on its bond payments, signaling a change in the country’s economic policy.  Shanghai Chaori Solar Energy Science and Technology, a company that produces solar panels, on a one billion yuan bond, and defaulted after the Chinese government refused to bail the firm out. This is a stark change from previous actions by , which has always bailed out onshore companies that were on the verge of defaulting. This decision to allow Chaori to default shows China’s commitment to , in which investors cannot fall back on the government to bailout bad business decisions.

The Trans-Pacific Partnership, or TPP, is a trade agreement between twelve countries, including , , , , , , and . This agreement, if ratified, would eliminate almost all trade barriers between these twelve countries, uniting them in the largest free-trade zone in world history. The problem is, it doesn't seem to be getting approved anytime soon; talks that occurred just last week in ended with . As the partnership has been undergoing negotiation talks for years, it is wondered how much longer it will take for the countries to cooperate on certain final issues and establish the partnership.

The political and economic future of remains uncertain despite a . This uncertainty will undoubtedly affect economic conditions for those in Ukraine but also other countries supporting Ukraine. Officials from both the United States and the have stated that they are willing to provide . How will the future of Ukraine be shaped by this financial assistance and growing international relationship?

In a meeting last week, the leaders of the , , and got together and discussed various issues surrounding their own countries, including forming new trade agreements to open up more trade across the globe. These three countries entered into their when they signed the North American Free Trade Agreement (), which was a significant step for regional trade in the Western Hemisphere. Now, these three countries hope that they can use NAFTA as a springboard to form new agreements with other countries in an attempt to find new markets and diversify their own economies.

Mitigating climate change and the shortage of natural resources require rapid and widespread development of renewable energy. As the demand for renewable energy has increased largely in the past 10 years, the number of renewable energy trade disputes is also rising. A number of have found that their feed-in-tariff (FIT) programs are at odds with the fair trade agreements in the international trade of renewable energy. Therefore, this post will introduce the impacts of trade barriers on the international trade of renewable .

China's economy has politicians, investors, and businessmen all over the world biting their nails in nervous anticipation. Business and investment in the country have become increasingly risky and low expectations have been predicted for several sectors of the economy. The country as of late has been able to hold their own and beat their dismal forecasts; however if it does not stabilize its economy soon, it could prove bad news for the country and for the global economy.

In today’s globalized world, products are . The interdependence among is more important than ever and international trade serves as the backbone of economic growth prospects. With this interconnectedness comes great risk; however, great opportunity also results.

Employee resource groups (ERGs) are very popular with , but it is becoming increasingly important for companies all over the world to adopt this workplace habit. Employee resource groups are groups of employees who join together in their workplace based on shared characteristics or life experiences. Global companies need to hone in on this, and take full advantage of what ERGs can do for a business.

People’s attention shifted to the stock market again when stock prices dropped by 10 percent and hit a record low since October 2011. Although the recent ease-money government policies played a role in the price drop, the main reason for the decline was the global growth slowdown.

This past week, the World Economic Forum (WEF) hosted its 44th Annual Meeting 2014 in Davos-Klosters, . Every year, the WEF brings together the leaders of the world to reflect on the past year and discuss the significant global issues to focus on for the year. The list of attendees are considered the world’s most influential leaders including government officials, economists, top corporate executives, actors and activists, among other prominent figures.

Forecasts from the World Bank show that the global economy should experience more growth in 2014 than what was expected seven months ago, showing that the world’s economy is finally turning a corner from the recession of recent years. According to a report released on January 14th, the world’s economy , up from the 3% projection made in June. This is good news to many investors and business people around the world, since it is the first time in three years that the World Bank has revised their forecast and predicted improvement.

Throughout the past year has announced its plans to open industries to foreign companies. Since the Shanghai free trade zone was introduced in September 2013 China has made many attempts at Within the Shanghai zone the government is testing free trade in Chinese currency as well as allowing interest rates to be set by market forces. This provides a great opportunity for foreign companies who wish to harness the mass market China provides.

As students all over the country depart from the cozy homes of their parents to go back to school a question with a seemingly obvious answer is asked - why? The start of a new semester signals a new beginning that entails learning and growth for another four months. The obvious answer to why so many young people do this every fall and winter is that school provides them with necessary skills in order to make a living in the world—a world that is becoming ever more competitive. However, little research has been done on exactly what return someone may receive for the skills they possess. The published a recent paper taking a stab at this question.

Now that 2013 is wrapping up people are interested in predictions for 2014. Two important predictions to look at are the global economy and global business. These two factors usually go hand in hand; if the global economy is looking brighter it may be due to the fact that global business is increasing. Since a large plummet in 2011, global business and the global economy have slowly been increasing and there is more confidence on what the future holds.

Recent financial figures have shown that several around the globe have experienced some of their lowest inflation rates in years. Normally this would be the goal of the nations' central banks, but in the economic states of these regions, this low inflation could be the source of several problems. Now the issue facing many of the world's richest nations is to avoid extremely low inflation and to try and raise prices. The proposed processes to achieve these goals have the potential to lead to some intense competition.

Major changes could be coming to , after officials released plans to reform economic and social policies. China’s president, Xi Jinping, plans after a four-day conclave of Communist Party leaders in hopes that the economic changes will increase economic growth, which has slowed since the world-wide recession. Along with the economic reforms, plans were made to relax the and close labor camps, both infamous in the international community. The reforms, if implemented, could have wide-ranging impacts on society and business in China, improving human rights and opening of the economy to private companies.

The effect of time zones has been a little-known but important issue for international business. Country time zones have been historically influenced by trading patterns and partners. Setting the same time zone to a partner makes it easier to conduct trading since business hours match. Different time zones force businesses to factor in when dealing with international business and can negatively impact worker productivity.

It has been five years since the collapse of Lehman Brothers, an investment bank in the United States, launched the global economy into one of the . Since then, the United States and many other major global financial institutions have taken big steps in securing a safer worldwide financial state. The , along with many other countries, have made many reforms that will allow the global financial situation to become more protected. However, there are new areas in the world which could threaten the state of global finance.

The World Economic Forum (WEF) has released its annual on September 3rd. The 2013-2014 GCR is unique in a way that it is a significant measure of the health of global economy during an economic shift. , and financial-burdened countries regain positive economic momentum, the report captures the economy during a sensitive shift. The top three spots from the previous years’ report remain unchanged as , and respectfully prevail in descending order. The GCR can be found as a ranking for each country under the . The , and dropped three to five spots for larger losses. On a positive note, , , and gained an impressive four, five and five spots representing a strong push for global competitiveness.

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 ������Ƶ blog, we will look at global business facts and trends in 2008 and compare them to that of 2013.

In the five years that the ������Ƶ blog has been operating, much has . It all began when the global financial crisis came about in 2008 and this led to major changes in the global trade markets. 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 ������Ƶ 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 , 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.

This week we are celebrating the birthday of the ������Ƶ blog! With its inception on September 12, 2008, the blog is now turning five years old and we are starting our celebration with a blog post about what has transpired in emerging markets over the past five years.

Economic bubbles have been a reoccurring economic cycle in the world throughout the history of capitalism. Recent economic bubbles that the world has experienced include dot-com/telecom, real estate, stocks, and biotech bubbles. They date back to the 1880’s when the first railroad tracks were laid down in the United States. The goal was to connect the United States through economic integration and development, which created a boom in the development of canals, turnpikes, railroads, and telephone lines. Many of these projects were funded by the government, and now green technology projects are funded by them as well. Globally, governments are beginning to promote green technologies through loans and subsidies. The rapid growth the world has seen in green technology could be the start of the .

Emerging markets has become a phrase that incites a lot of excitement. With high growth rates and the possibility of huge returns, investors have flocked to put money in the best performing emerging markets. One of the darling emerging markets over the past decade has been . The combination of a large landmass, rich with resources, and the world’s second largest population has been the framework that allowed India’s GDP to grow at an . This well outpaces the United States as well as almost every western economy and has caused investors to salivate at the potential they see in India. Regardless of these extraordinary statistics, recent stumbles in has reminded everyone just how risky emerging markets can be.

While it is no secret that Sub-Saharan Africa has been plagued with poor infrastructure throughout the region’s history, the region’s economic prospects and investment opportunity just took another major hit. On August 7th, a , Jomo Kenyatta International Airport, causing the airport to close indefinitely with no flights arriving or departing since the blaze was first reported. What made the fire so devastating to the airport was that the Nairobi County fire department did not have a single working fire engine, due to an auction last month where three of their engines were sold in order to pay a $1,000 USD repair bail, which Despite the physical damage done to ’s major airport, the destruction caused by the flames is unfortunately only the tip of the iceberg when it comes to the economic havoc that this fire most likely will unleash upon developing Sub-Saharan Africa.

, the third largest economy entity in the euro zone, is facing difficulties on its way to economic recovery and is seeking help from a governor. Taking the term from Sir Mervyn King, Mark Carney became the new governor of the with hopes of bringing a breath of fresh air to the British economy. Before entering Carney’s time in charge, let’s take a glance at the British economy and predict the future trends under Carney’s lead.

According to a report by the , Sub-Saharan Africa is The stated that higher commodities, increased investment opportunities, and a steady recovery in the global economy should sustain the region’s GDP growth above 5%, while the global average remains merely 2.4% as of this year. Excluding , the region’s strongest economy, African economies are currently growing at 5.8 percent, higher than the developing country average of 4.9 percent.Coupled with an anticipated increase in global foreign direct investment, which is expected to reach $54 billion USD by 2015, the economic growth in Sub-Saharan Africa provides an immense opportunity not only to elevate the standing of African nations in the global economy, but also the chance to fight back against the region’s staggering poverty levels.

The releases a yearly forecast for countries that will predict the growth of the country. For France and China, the IMF has recently lowered their growth forecast due to a number of different reasons. For France, Paris has lacked a competitive economy and been slow to reform in recent times. For China, credit has been rising too fast along with the debt, and also slow growth economically will coincide with a slower growth in China. These two countries will have to find new ways to generate expansion along with minimizing losses during this slow economic period globally.

A few weeks ago we briefly associated with that. Today, we take an in depth look at student debt around the globe and how countries tackle the growing problems that are associated with student loans

The past five years has seen an increased importance placed on a country's level of debt. Trying to deal with this problem can differ greatly by country. From the gradual debt reduction approach seem to be preferred by the to the austerity measures that became a popular tool by Eurozone governments, countries are waking up to the realization that too much debt is a bad thing. What is too much debt? The groundbreaking academic paper released by Carmen Reinhart and Kenneth Rogoff in 2010 seemed to have solved the problem when the models they ran indicated that when a country exceeds a 90% debt to GDP ratio it greatly diminishes growth rates.

One of the most significant trends of the past several years has been austerity measures taken by governments all over the world in order to try to keep their budgets in control. Much of the support for these actions came from a 2010 paper by Ken Rogoff and Carmen Reinhart of Harvard entitled . 

Globalization is the worldwide movement to increase the flow of goods, services, people, real capital, and money across borders in order to create a more integrated world economy.  Previously, I wrote of , but let take a look at trade during antiquity and how it has affected today’s economy.  Trade networks have always followed the trends of politics, economics, technology, and most importantly culture.  Exotic luxury goods demanded by elites encouraged trade to gain momentum: Incense Route, Silk Road, Amber Road, Spice Route, and Tea Route.  Soon, economics became so interconnected that World Systems became dependent on each other.

Jobs, a word that stirs up many emotions, and as of late mostly worry. For those of all ages the economy is worrisome. From those who have been loyal employees at the same company for thirty years to those stepping off of campus this month with the ink still wet on their diplomas. All are troubled with what the future holds for them. Every year, at this time, the discussion resurfaces and as graduation inches closer for us here the thought of life after school becomes ever more prominent.

This year the spring slowdown in manufacturing may slow down more than anticipated. Following and industrial production worldwide, analysts are saying that with the already weak economies in China, Germany, and the United States, the slowdown could impact more than just spring. Germany has had a trend in weaker manufacturing activity, and the U.S. has been introduced to sequestration due to its weak trend in the industry. If China, Germany and the United States can’t find a way to power their manufacturing activity this slowdown could have global effects.  

With underdevelopment and currency volatility in the emerging markets, the biggest players have set out to fix those problems. The leaders met in late March in South Africa to plan out objectives for a new bank that would help fund infrastructure expansion, which is set to reach . Talks also included discussing pooling foreign currency reserves to resolve currency volatility.

The global sovereign debt crisis has impacted our world economically almost like a 3rd world war.  And because money was thrown out with rabid fury, it is boomeranging back with a vengeance.  In his quintessential narrative-style nonfiction book, , Michael Lewis presents to the reader four case studies: Iceland, Greece, Ireland, and Germany.  Lewis travels the world examining how each of these countries dealt with the collective problem of debt and how their cultural characteristics impacted the citizens.

The theory of a and the end of economic growth as we know it has been discussed more frequently today as the world struggles to climb its way out of a recession. Whether or not this theory . However, one specific aspect of this theory is certain. If economic growth continues to diminish and GDP growth rests motionless, the impact on international business will be profound. We will now look at some of the implications this reality would hold for international business, and we will also discuss possible solutions to the problems created by growth in our finite world.

In 2010, Emirates ordered 32 new A380 macrojets from Airbus, which opened the door for the airline market in . Shortly after this, Airbus announced Monday that it had a received an order for from the budget airline Lion Air. While the world is expecting growth of the airline industry in developing countries, the global air traffic industry is actually shrinking. Let’s examine the global air traffic industry and analyze the various factors affecting the business environment of the industry.

As the U.S. has just released that its GDP has grown only  and that trend of low growth is persistent in every economic headline for seemingly every country, the question of whether this is a temporary phenomenon or the new reality is very relevant. Personally, I am of the opinion that this zero growth environment may be unavoidable.

In the by the , analysts said that the number of globally rose by four million last year and is by over five million people this year to reach 203 million. This is primarily blamed on the slow labor market for youth, and as the number of jobseekers is growing, so will the number of unemployed.

The lackluster global economy is now going on its fifth year and new information suggests that it is still a series of ebbs and flows. Economists’ predictions about the ’ fourth quarter growth was off by over a percent and the U.S. experienced a contraction of the economy for the first time in a few years. , not the kind of news a recovering economy wants.

Policy makers around the globe have all consistently attempted to solve the answer to one riddle: what makes a country wealthy? Every national policy maker in the world is attempting to advance the economic wellbeing of their country. Often, the question is posed as “what makes a country poor” in order to try to find some possible remedies. For instance, why haven’t Canada or Mexico reached the same level of GDP as the US? Why is Egypt much more developed than its neighbors of Libya and Sudan? The answers to these questions have varied from the degree of market freedom () to overpopulation () to a country’s natural resources ().

Alongside China’s growing assertiveness in foreign policy, businesses in are also being more aggressive in their international business practices. Chinese businesses are increasingly using international acquisitions to expand their presence overseas in various countries such as Canada and the United States. Chinese firms have already and a major aircraft leasing business this past month. Overseas acquisitions by Chinese companies are expected to continue to increase as firms pursue companies in Canada including Nexen, a major . Chinese acquisitions are changing the landscape of international business and may also be an indicator of China’s goal to be the world’s strongest economy.

As globalization has emerged and evolved into one of the leading factors driving business decisions today, certain countries and economies have been profiled for their seemingly important role in this new age. is seen as one of those stars in the age of globalization but recent setbacks may warrant a second look. With anemic growth in the economy and the with its whole host of problems some economic consequences for India seem legitimate. However, with the missteps that India businesses have taken, both at home and abroad, the business practices of the country must be questioned.

Agriculture has been an essential industry for nearly all major economies in the world. These countries use agriculture to drive international trade and create jobs. In the United States, agriculture is one of the with one-third of US agricultural production exported annually. Developing countries have realized the importance of creating economic growth through agricultural production and exports. With an increasing global population, agriculture has provided emerging economies opportunities for growth and integration into the global economic picture.

In light of ensuing protests in , attention has been turned to the potential effects the crisis will play on the already stunted global economy. President Morsi of Egypt announced that his decisions would not be subject to judicial oversight until a new constitution has been enacted. This seemingly dictatorial declaration is what sparked the unrest that has already greatly affected the national economy. The protests are continuing, as seen on Due to the continuation of this crisis, the global economy might soon experience some dangerous effects that the is already facing.

A major trend in international education is the increase in students studying abroad and enrolling in universities outside of their home countries. Each year billions of dollars are invested in educating bright minds and building relationships by sending students abroad for a well-rounded educational experience. Not only does this movement have profound impact on the future landscape of education, but the exchange of students is giving host countries an economic boost. A recent report by the National Association of Foreign Student Advisors found that international students contributed nearly $22 billion to the in the school year 2011-2012.

The European Union is the implementation of the global banking reforms, which were supposed to take place on January 1st. It has been delayed at least six months, with talks that it may get pushed back even further. is the name of the reform plan, and it is a global response to the financial crisis from 2007-2009. Basel III is a critical step to protect large institutions against future financial shocks. Until the can agree on the plan, the delay holds a risk of throwing off the recovery process. However, if the regulations in Basel III are too harsh, it could risk cutting economic growth and an increase in unemployment.

After an exhaustive Tuesday night of speculation and predictions, Barack Obama managed to hold his position as the President of the for another four years. Foreign support for the President rained in on Wednesday through countless newspaper headlines, and it became apparent that allied nations have a tall order for the reelected President. They expect him to start his term off with a strong foreign policy with hopes to quell the global debt crisis and help boost emerging markets.

One of the major events affecting the world right now is the tropical cyclone in North America known as Hurricane Sandy. Hurricane Sandy was the largest ever Atlantic hurricane by diameter and affected many parts of the Caribbean and Mid-Atlantic including the countries of Jamaica, Haiti, , the Bahamas and the United States. Early estimates vary significantly, but most suggest total economic damages attributable to the storm to be , which would make Sandy one of the most destructive hurricanes on record. As of the publication of this post, over 150 fatalities have been confirmed as a result of the storm. The majority of damage from the disaster occurred on the east coast, where Hurricane Sandy made landfall in New Jersey and New York City. The impact on the economy from this disaster can be enormous, as natural disasters have been proven to drop GDP and economic growth significantly. The impacts due to this devastation in the will have a profound impact on international business.

In 2010, countries around the world engaged in a race to the bottom to in hopes to boost exports and thus foster economic growth. Now in 2012, after the Federal Reserve announced the third round of quantitative easing which has caused many to believe that the U.S. dollar will weaken. It’s still unknown if in other countries will respond by keeping the value of their currency low relative to the dollar. The is to increase exports by making goods cheaper in relation to other countries. So what exactly does this mean for international business?

In an era where perpetually extends the frontiers of international business, a company's ability to have their products reach markets in developing, or even remote, locations has become an increasingly important factor for success in global markets. Statistics support this claim, seeing as the share of gross domestic product as a percentage of the international market in 2012 has clearly This trend has resulted from the growing middle classes of third-world economies having the ability to purchase goods for a higher quality of life, such as safe food, clean water, and secure pharmaceuticals. The astounding international demand for has elevated the packaging industry to deliver these goods in frontier markets, while simultaneously trying to reduce their environmental impact during this time of expansion.

One of the most public dramas that has played out in the downturn of the economy has been the struggles. Data released earlier this week shows reason for cautious optimism in the United States. For nearly the first time in four months, manufacturing grew within the United States. While the U.S. welcomes even the smallest improvement, other regions did not fare as well. Both China and the Eurozone continue to see the of their economy contract.

China is currently in an economic slowdown, the causes of which are a great debate in Asia’s largest economy. China, the world’s second largest economy behind the United States, expanded 7.6 % in the second quarter from a year earlier, the slowest pace since 2009. While a growth rate above 7% might seem thriving at first glance, you must first consider that China has had an average annual growth rate of nearly 15% since 2000. Many economists believe that their growth will slow further to a rate of around 7.0% for 2012. Is the economy of the most populous nation in the world in trouble?

The global economy came to a stall earlier this summer with slowing and the debt crisis worsening, many investors and business owners were expecting the worst.  The Federal Reserve has already promised to keep short-term interest rates at zero until 2014 and flattened the yield curve through . If that can’t spark any economic growth, then what is there left to do?

This week the released the 2012-2013 edition of the Global Competitiveness Report. The report measures the business operating environment and competitiveness of over worldwide. It also acts as a benchmarking tool for the public and private sectors by identifying the many advantages and obstacles economies face on their way to national growth. As the balance of economic activity shifts away from advanced economies toward emerging markets, many countries are trying to push their economies forward despite the increasingly complex global landscape. This shows interesting results as some countries were able to accomplish this feat more so than others.

The BRIC countries (, , , and ) constitute 20% of the world economy, and, according the IMF, will have a projected combined GDP of more than $14 trillion this year.  Growth and prosperity have been bestowed upon these now-influential powers for the past decade.  But clear signals are being given that these economic bastions are heading towards a muddy path, like most macro bull run investments do.

As technology and communication capabilities increase, it may be safe to assume that the world is becoming more connected with many countries becoming integrated to the world economy. This basic idea is called and with globalization comes many benefits such as new opportunities in emerging markets and increased access to international trade. To many people, meaning businesses can collaborate and operate across borders without regard to geography or distance in today’s modern technological and political landscape. Many businesses are beginning to realize the opportunities abroad made possible by an increasingly connected world. However, is there a way to measure how connected the world really is?