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globalEDGE Insights by Economic ClassificationOpen in a New Window

Are you interested in learning more about market classification? globalEDGE’s Global Insights by Classification feature explores Emerging Markets, Frontier Markets, and Mature Markets. Each classification has its own page that includes a description of the market’s main characteristics, an interactive map of the countries in the market, and a table that provides insight to the market’s economic averages compared to least developed and most developed countries. The market...

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Struggling U.S. Retail Industry Provides Global E-Commerce OpportunityOpen in a New Window

The U.S. retail industry has been experiencing a changing landscape in recent years due to the closing of numerous big-name, brick-and-mortar stores throughout the country. Major apparel retailers such as Sears, Kmart, Macy’s, and J.C. Penney announced the closures of several stores this year while BCBG Max Azria, American Apparel, Payless Inc., and Gymboree have all filed for bankruptcy. Earlier, this month, a Credit Suisse report predicted that 20 to 25% of U.S. shopping malls will...

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Making Strides in the International Coffee IndustryOpen in a New Window

The Fifth International Women’s Coffee Alliance (IWCA) Convention will take place Thursday, August 3rd through Saturday, August 5th, in Puebla, Mexico, along with the Latin American Coffee Summit. The mission of IWCA, which has 21 chapters around the world, is to empower women in the coffee industry who “face additional challenges due to gender inequality that often manifests itself into being excluded from training, education, and financing opportunities.” IWCA...

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Global Internship ConferenceOpen in a New Window

globalEDGE is currently at the Global Internship Conference in Santiago, Chile! This year, all of the conference’s plenaries, sessions, and workshops are being presented in both English and Spanish. Some of the sessions being hosted at the conference include: Using Multimedia in Internship Courses Creating and Sustaining a Global Internship Partnership Refining the Internship for Academic Credit in Study Abroad Creating and Managing Effective Collaborations Developing Global...

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How the Trump Presidency Will Transform U.S. Trade PolicyOpen in a New Window

A new video published by Dr Jagdish N. Sheth from Emory University discusses the economic factors that caused many United States citizens to vote for Donald Trump in the 2016 presidential election. 25 years ago, world leaders decided to create the G7 and G8 agreements to liberalize trade as a growth engine. As a result, general tariffs were abolished, the World Trade Organization (WTO) was created, and trade increased across borders. NAFTA and the European Union were also...

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The Leading Nations and Sectors that are Shaping Global TradeOpen in a New Window

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 year without a major economy falling into...

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2017 Sees a Shocking Increase in Avocado PricesOpen in a New Window

Due to unsuccessful harvests and rises in demand, avocado prices are predicted to double this summer. This delicious green fruit has grown in popularity over the past few years because of the nutrients and vitamins it contains, “making it a favorite for fitness gurus and the health conscious,” according to The Independent. However, due to high demand, prices have climbed significantly. On top of all this, avocados “are experiencing a ‘down’ year in...

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The Economic Effects of Qatar's Diplomatic CrisisOpen in a New Window

On June 5, the United Arab Emirates, Saudi Arabia, Egypt, Bahrain, Yemen, the Maldives, and Libya all cut diplomatic ties with Qatar, citing the country's alleged financial ties to extremist groups. Although Qatar has denied the allegations, more countries are following suit—Senegal and Mauritania likewise broke ties on June 7, and the Philippines, which has been dealing with extremist militants in Marawi City, has temporarily forbidden workers from...

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German Economy Surges to Record Highs in MarchOpen in a New Window

The country of Germany has been known as Europe’s economic powerhouse for quite some time, and recent reports regarding the country's projected economic growth seem to confirm it. According to official data from the National Statistical Office, Germany's gross domestic product (GDP) expanded by 0.6 percent during the first quarter of 2017. German economic institutes accredit this surge in economic growth to healthy domestic consumption as well as investments...

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The 2017 Forbes Global 2000 List Highlights Industry LeadersOpen in a New Window

Forbes released the 2017 rankings for the World’s Biggest Public Companies, or the Global 2000, on Wednesday, May 24. Company rankings are composite scores determined by weighing sales, profits, assets, and market value. The United States contributes the most companies to the list with 565 members. China and Hong Kong supply the second largest with 263 companies. According to Forbes, “the world’s biggest companies have gotten bigger, more profitable and more...

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An Economic Boost from an Unlikely SourceOpen in a New Window

Contrary to many people's beliefs, cannabis can be useful as a tool for battling depression, calming nausea from chemo treatments, and practicing spiritual customs. These are just a few of the reasons citizens have been speaking out to their governments worldwide about the legalization of medical marijuana. The United States has 28 states with legalization laws, with five states joining the ranks in just the past year. Legal sales of the drug went up by 34% in...

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Job Growth in the Renewable Energy IndustryOpen in a New Window

On Wednesday, the International Renewable Energy Agency (IRENA) released a report detailing trends in the renewable energy job market. Worldwide, renewable energy employed 9.8 million people last year, which is nearly twice as many compared to 2012. Wind jobs specifically grew by 28%. As global leaders, Brazil, China, Germany, India, Japan, and the United States have the highest number of renewable jobs. Global energy job growth has slowed down in recent years following solar energy...

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Business Hindi Resource GuideOpen in a New Window

The globalEDGE team is excited to share the new Business Hindi Resource Guide. The project, funded by a grant from the MSU International Business Center (MSU-CIBER), was developed by the MSU Center for Language Teaching Advancement (CeLTA) to provide students applying for jobs and internships in India with necessary cultural and linguistic tools. The guide contains seven modules, covering topics such as socio-cultural etiquette, conversations in socio-business situations, business culture...

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Saudi Arabia and the United States Sign Multi-Billion Dollar Arms DealsOpen in a New Window

On May 19, United States President Donald Trump embarked on his first series of foreign trips for the current presidential term. His first stop was Riyadh, the capital of Saudi Arabia, where he met with King Salman bin Abdulaziz, Crown Prince Muhammad bin Nayef, and other members of the Saudi royal family. During the two-day visit, President Trump and King Salman signed arm deals worth an immediate total of $110 billion, with additional promises of further investment over...

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Is Circularity Possible in the Global Fashion Industry?Open in a New Window

The fifth Copenhagen Fashion Summit took place on Thursday, May 11 to address sustainable development in the fashion industry. Influential representatives from apparel and textiles and retail companies spoke at the event, including the chairman of the board and interim CEO of Tiffany & Co, the President of Global Sourcing at Target, the CFO of Tommy Hilfiger Global and PVH, and the head of sustainability at H&M. Eva Kruse, the CEO of the Global Fashion Agenda (GFA) explained how...

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Partnerships are Crucial in the Battle Against Product CounterfeitsOpen in a New Window

Counterfeit goods today are found throughout the world; wherever a demand for a product exists, counterfeiters quickly fill the niche. Counterfeiters compete undetected with brand owners, undermine brand profitability, fund the underground economy, and undermine brand reputation. A brand’s long-term success depends on protecting its integrity. Brand owners who do not believe they have a counterfeiting problem likely have not looked. ANY branded product can be counterfeited. Brand...

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China and the U.S. Sign New Trade AgreementOpen in a New Window

On Thursday, the U.S. Department of Commerce announced that China and the United States had signed a new trade agreement, named the U.S.-China Comprehensive Economic Dialogue. The trade agreement is a result of ongoing negotiations between the two countries following a meeting between U.S. President Trump and Chinese President Xi Jinping in April. This 100-day action plan contains 10-points to be implemented by both China and the United States. For the United States, the agreement is part...

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The Changing Music IndustryOpen in a New Window

In the last blog of the leisure industry series, we take a look at the changing music industry. In previous blog posts, we have analyzed the state of the global music industry, noting the dominance of streaming services as the default method for popular music consumption. As rates from digital and physical music sales remain in decline, revenues from streaming services have risen sharply: worldwide streaming revenues hit a new high of $5.4 billion in 2016. Major services...

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The Business of SportOpen in a New Window

Part four of this week's blog series explores current events in the sports sector of the leisure industry.  A few trends are expected to drive the sports industry in 2017 such as the rapid change in the sports media landscape of content creation and distribution rights due to consumers shifting from cable to digital media. Other trends expected are innovation for game days by enhancing the fan experience outside of the sports venue and the use of augmented and virtual reality to...

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The Changing Environment of the Global Film IndustryOpen in a New Window

Part three of our transport manufacturing blog series examines recent trends in the global film industry.  In recent years, the global film industry has undergone major changes due to increased globalization and the overall growth of the middle class. In the past, two-thirds of box office revenue was generated by the United States alone, but this is no longer the case. Today, 70% of this revenue is generated outside of the U.S., and this is leading to major changes in the way that films...

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