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China Seeks Control in Global Commodity TradeOpen in a New Window

Iron ore is one of, if not the, most used elements in the modern world. Iron is the most important part of the steelmaking process and about 98% of the world’s iron ore is used to make steel. It has a combination of strength and durability most metals cannot compare to. Because of this, in much of the world products that contain steel are seen almost everywhere, from small household appliances to cars and major construction projects. A recent spike in global iron ore...

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A New Twist to Bike RidingOpen in a New Window

A memorable part of most people’s childhoods is learning how to ride a two wheeled bicycle. Now that skill is becoming a vital mode of transportation for many in Beijing, China. There are multiple start up apps running the main front of this business such as Mobike and Ofo. All one must do is download the app and it will locate the nearest bike. This service costs only 7 cents for a half hour and has taken off in Beijing. However not everyone is happy about the healthy, cheap new...

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What It's Like to Live in the Happiest Country in the WorldOpen in a New Window

Norway is officially the happiest country in the world. The United Nations recently published their World Happiness Report, which goes into detail regarding the factors that are measured to determine overall happiness of a country. Continue on to read about what makes Norway stand out, and where the United States stands in comparison. The United Nations published the first World Happiness Report in 2012, and has been continuing yearly ever since. There are four countries that...

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ECOWAS's Continued Effort to Advance its Member's Standard of LivingOpen in a New Window

In part four of this week's trade bloc series, we explore ECOWAS. As of February 25, 2017, Morocco has become the latest African country to request to officially join the Economic Community of West Africa States (ECOWAS). ECOWAS was created in 1975 to increase economic and political stability among its members. If accepted, Morocco will become the 16th member of the West African bloc. According to sources, the decision was made by the need for Morocco to crown the strong...

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CEFTA's Role in the Global EconomyOpen in a New Window

In part three of this week's trade bloc series, we are taking a look at CEFTA. Historically, the Visegrad Group, Czech Republic, Hungary, Poland, and Slovakia, were at the cross roads of trade in Central Europe. The Central European Free Trade Agreement (CEFTA) was initially established in December 1992 as a free trade agreement by the Visegrad group, with the goal of eventually further integrating into political, economic, legal, and security of institutions in Western Europe....

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A Look at the Gulf Corporation Council (GCC)Open in a New Window

In part two of this week's trade blocs series, we are taking a look at the Gulf Corporation Council. Morocco is turning to the Gulf Corporation Council (GCC) as its trade relationship with the European Union takes an unexpected turn. The relations between the European Union (EU) and Morocco began to deteriorate when the European Court ruled that a farm trade accord did not apply to Morocco’s Western Sahara territory. Soon after, Morocco began to make ties with the GCC in order to...

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CARICOM Signs New Agreements with Cuba and South KoreaOpen in a New Window

This week, the globalEDGE blog will be taking a look at various trade blocs around the world, focusing on smaller blocs you might not have heard of. Following the end of World War II, trade agreements became common throughout much of the world. European states began to look for ways to increase trade between themselves, states in South-East Asia saw cooperation as a way to increase economic growth among all members, and Arab nations looked to unify to better market their natural resources....

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2017 Outlook for Mergers and AcquisitionsOpen in a New Window

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 costly for companies to borrow money, leading to less being paid for acquisitions, however, a gradual rise would soften the material impact of rising rates. In...

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China Puts Pressure on South Korea's Economy After THAAD AgreementOpen in a New Window

South Korea has been under tremendous pressure as tensions increase due to China’s boycott of South Korean products, North Korea firing missiles, and the United States insisting that South Korea increase its defense. Recently, North Korea has been testing ballistic missiles and firing them near Japan and South Korea, and this has many countries concerned with their defense systems. The U.S. argued that Terminal High Altitude Area Defense (THAAD), “an American missile defense...

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What is the Economic Role of Remittances in the World?Open in a New Window

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. According to the World Bank, there...

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South Indian Shopkeepers Boycott Multinational Beverage CompaniesOpen in a New Window

On March 1, over 1.5 million shopkeepers in the southern Indian state of Tamil Nadu started a mass boycott of Coca-Cola and Pepsi products, pulling the beverages off their shelves and replacing them with domestic soft drink brands. All of the involved vendors are members of the Tamil Nadu Traders Association, a retailers organization that directed the boycott toward United States-based soft drink brands. The Association cited two primary reasons for the boycott: PepsiCo and The Coca-Cola...

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Mongolia Receives IMF BailoutOpen in a New Window

Mongolia is in the midst of a debt crisis, and this week it was announced that the troubled country would receive a $5.5 billion international bailout. 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 growing an incredible 17% in 2011, the country quickly fell into cash problems. China’s economic slowdown was a major factor in the...

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New on globalEDGE: Updated Trade Bloc StatisticsOpen in a New Window

Are you interested in learning more about the value of imports, exports, and FDI flows of each trade bloc? Financial and trade statistics for all the trade blocs have been updated on globalEDGE. You can browse each trade bloc and learn more about the total amount of intra-trade, the value of exports/imports, FDI inflows and outflows, and the balance of payments of each trade group. By clicking any row of data, you can display a graph of the 5 most recent years of data available, in order to...

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Cuban Tourism Boom Leaves Residents HungryOpen in a New Window

When more Unites States airlines began to hold direct commercial flights to Cuba, many began to hope that increased tourism would bring more money into Cuba. However, the shortage of basic goods has not improved as tourism increased in the country, as the citizens are now competing with tourists for the scarce food available. Cuba was already short on supplies, but when the country experienced a massive growth in the tourism industry, food became even more scarce and expensive. Some foods,...

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New on gE: Updated Country IndicesOpen in a New Window

Are you interested in seeing how countries compare based on corruption, global connectedness, ease of doing business, and other key indicators?  Our newly updated country indices pages will allow you to do just that. Each country’s page lists a number of indices that display its score for a given index and its ranking relative to other countries. By clicking "View Heat Map", you can also see how countries compare on a visual heat map and table of scores. Check out...

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Data Analytics and its Role in the Financial SectorOpen in a New Window

The rapid growth in the fintech industry is revolutionizing the financial industry, forcing traditional banks and new startups to become more technologically advanced. Customer behavior is an area that has a lot of potential for financial institutions to gain insights through data analytics. Data analytics would allow banks and other institutions to have agile systems that learn through experience, where they would automatically refine the algorithms to improve results. Lately, the financial...

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The Global Arms TradeOpen in a New Window

The Stockholm International Peace Research Institute (SIPRI) is an independent organization that conducts research on global security. More specifically SIPRI collects data on military expenditures and the international arms trade. SIPRI released their latest data for 2016, this Monday, February 21st. The headline of their latest data release is that global arms trade volume has reached its highest point since the end of the Cold War in 1990. While the overall global uptick is intriguing...

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UK Space Program ProposalOpen in a New Window

The United Kingdom recently announced that they could be leaping into space by 2020. Up until now, the UK has been dependent on countries such as the United States, India and Japan to help launch their satellites. However, the British have just announced a proposal, the Spaceflight Bill, which contains information on the establishment and operation of spaceports across the United Kingdom. This proposal is estimated to be worth over 30 billion dollars in the next 20 years, which will...

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Falling Bee PopulationsOpen in a New Window

Since 2006 the rate at which beehives die has jumped from 5-10% a year to about 30%. In the United States roughly 10 million beehives, worth an estimated $2 billion, died from 2006-2015. These statistics become even more alarming when you realize how important bees are to the world’s economy. Bees have been identified by a United Nations Environment Programme report as the most economically important pollinators in the majority of the world’s regions. There are...

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Economic Uncertainty Runs Rampant in UKOpen in a New Window

The European Commission recently adjusted their forecast for the economic growth of the United Kingdom for 2017. Although the U.K. is expected to slow its economic growth relative to the previous year, the Commission now anticipates an annual growth of 1.5% in 2017; up from their previous prediction of 1.0%. The European Commission still expects an annual growth of 1.2% by 2018, which would still remain far below their 2% growth in 2016. This decrease in economic growth could be a response...

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