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The Power is in Being PreparedOpen in a New Window

The business risk companies are now facing has increased greatly due to global interconnectivity and its associated danger. 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. There currently are two events occurring in the world that are having a tremendous effect on global risk. One is the Greek debt crisis and its threat to Europe's political stability. The second is...

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Oil Bodes Trouble for the Global Commodities MarketOpen in a New Window

Commodities are generally a good measure of how the market is doing overall; how abundant and fluid certain resources are can explain a lot about the economy and its patterns. When so much of the world, independent and corporate investors alike, has deeply vested interests in such a large market-one whose health is constantly up for debate, it is difficult to know when the warning signs are considerably worrying. Internationally, the world is facing a massive supply glut with Middle Eastern...

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Chinese Stock Market PandamoniumOpen in a New Window

China is home to the world’s second biggest stock market. This market, which peaked with a value of above $10 trillion, has been on a tumultuous ride in 2015. The market was up over 150% until June, when it suddenly crashed. The largest market in China, the Shanghai market, lost 32% in a four week slide that bottomed out on July 8. The smaller Shenzhen market slid 40% over the same time period. Immediately following this prodigious selloff, the market proceeded to have its strongest...

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El NiƱo and its Economic ImpactsOpen in a New Window

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. El Niño occurs...

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The Downfalls of a U.K. Living WageOpen in a New Window

Earlier this month, United Kingdom Chancellor George Osbourne declared that there would be a new legal living wage of £7.20 per hour. Employers are required to pay this amount starting in April of 2016 to employees aged 25 or older, and this rate is expected to rise to £9 per hour by 2020. The existing minimum wage for those over 21 is £6.50 an hour. Although the U.K. government predicts that around 2.7 million low wage workers could benefit from the change, many organizations...

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The Workplace of the Future DebunkedOpen in a New Window

The mass globalization being realized in business today is drastically changing the way people communicate within a company. Obvious trends in the workforce recently are the acceleration of work processes, globally dispersed teams, and increasing outsourcing of knowledge-intensive work. The boost of globalization represents both an opportunity and significant risk for companies. Now, companies are able to pull in new employees from larger, more competitive international pools, but it is a known...

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Mexico Rallies Global Oil PlayersOpen in a New Window

For the first time in nearly 80 years, Mexico is holding an oil auction in which energy firms from all over the world will compete. Is this bid for oil going to hold lackluster results or is it the key for Mexico's energy reform? Petróleos Mexicanos, mononymously known as Pemex, virtually controls the entire nation’s oil industry. Nationalized in 1938, Pemex was designed to push out external parties like the U.K. and the U.S. following major labor disputes and their...

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New on gE: Redesigned State Trade Statistics PagesOpen in a New Window

Our state trade statistics pages have undergone a redesign and the new pages are now available on globalEDGE! These pages can be accessed individually for each state via the Global Insights menu. These new pages highlight important trade figures and data for all the states, and help compare trade volumes between states. Specifically, each state trade statistics page includes figures for total trade, top exporters, and top importers, as well as the most commonly imported and exported...

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The Iranian Deal and its Global ImplicationsOpen in a New Window

The U.S. and the EU agreed on Thursday to lift nuclear-related sanctions against Iran in exchange for Iran’s compliance with international inspections and restrictions on its ability to enrich weapons-grade material. The removal of these sanctions could assist in reviving Iran’s economy, which has stagnated in post-sanction years. A more comprehensive outline of the deal is pending completion, but will be further elaborated by the end of July.  Iran would have to...

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Arctic Oil: A High Stakes Gamble for the Oil IndustryOpen in a New Window

The arctic ice shelves pose a difficult question to the world’s largest oil companies. According to the U.S. Geological Survey, they may contain the largest remaining untapped oil reserves on the planet, but accessing this oil requires large amounts of time and money. Factor in the recent oil crash and the increasingly uncertain outlook for the industry, and pursuing arctic oil becomes a gamble akin to a billion dollar toss up. Arctic oil has always been a gamble, but when oil prices...

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How Twitter Can Revitalize Financial ServicesOpen in a New Window

Many financial institutions are turning to social media as a way to attract and engage their customers. The Managing Director for TD Ameritrade, Nicole Sherrod, even works on the weekends to send tweets and interact with the firm's clients. She believes that as a result of her presence on social media, she now has "an even closer relationship with clients" and has been able to get to know them better. By posting on the weekends, she is able to show her activities after work...

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Tips for Growing your Small BusinessOpen in a New Window

With small entrepreneurial business growing, it is important to know the resources that are out there to help grow your business. The U.S. Small Business Administration provides many different ideas to help expand your small business successfully, whether it is to a neighboring state or country, or to the other side of the world. Some of the suggestions include the use of technology, forecasting, building your own franchise, and developing a marketing plan. In the rest of this...

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Brazil's Booming E-CommerceOpen in a New Window

This year, economists expect that Brazil’s economy will shrink by 1% in real terms and by as much as 15% in dollars due to maxed out credit cards, rising inflation, and government increases on prices for fuel, electricity, and transportation. In the last year, consumer spending has stagnated and could even decline by 3% in 2015. However, the Brazilian e-commerce industry seems to be excelling despite all of these indicators. Price savings and the convenience of online shopping caused...

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Why Greece's 'No' Actually Means 'Yes'Open in a New Window

As the old adage goes “the only way to go is up after rock bottom,” Greece seems unable to stop pushing its economic limits. Despite its previous bailout programs designed jointly by the IMF, ECB, and European Commission, relief arrived coupled with harsh measures. Austerity packages were the fine print for Greece’s lending agreement; yet, unemployment has checked in at 25% this year, while most of the bailout money went toward settling international debt rather than...

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Global Solar PowerOpen in a New Window

Global discussion and concern about climate change has amplified in the past few years, as more research has been conducted and more world leaders have voiced their opinions on the issue. The most recent world leader to do so was Pope Francis, leader of almost 70 million Catholics worldwide, who declared global warming to be a threat to life on the planet and called for a reduction of the usage of fossil fuels. As this movement garners further support, more and more nations are...

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Looking Through a Window: New Solar Power AdvancementOpen in a New Window

With a new development by an engineer at Michigan State University, 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 fully transparent solar concentrator. 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...

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Leap Second 2015: A Unique Global SituationOpen in a New Window

Tonight at some point before 8:00 PM Eastern Time, the world will experience what is known as a "leap second". There will be a minute of time that is 61 seconds long. Today, June 30, will be approximately one second longer than usual, and official atomic timekeeping will factor in this second before turning over to July 1. This strange concept has a fascinating history and explanation; however, it is also a cause of concern for market traders around the world, who fear that this extra...

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gE Blog Series: globalEDGE Book Series Part 4 - Currencies After the CrashOpen in a New Window

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...

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gE Blog Series: globalEDGE Book Series Part 3 - The Travels of a T-Shirt in the Global EconomyOpen in a New Window

In her novel The Travels of a T-Shirt in the Global Economy, author and Georgetown University professor of international economics Pietra Rivoli 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, Florida, Rivoli...

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gE Blog Series: globalEDGE Book Series Part 2 - The Lexus and the Olive TreeOpen in a New Window

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. The novel is divided into four parts, with each discussing a different aspect of globalization. The...

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