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Talks at Google: "Second Shift: The Inside Story of the Keep GM Movement"Open in a New Window

Second Shift: The Inside Story of the Keep GM Movement, looks at how Lansing, Michigan was able to save one of its auto plants from closing. Tomas Hult, professor and director of the International Business Center at Michigan State, co-authored the book along with David Hollister, Ray Tadgerson, and David Closs. The four authors recently gave a talk at Google, highlighting their research and perspectives on the efforts to save the General Motors plant from closing. Check out the “Talks...

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Zimbabwe Launches First National Currency Since 2009Open in a New Window

The Zimbabwe central bank issued its first currency since 2009 on Monday, in an effort to ease the nation’s shortage of US dollars, which is their primary tender. This move, which was first announced back in May, has sparked outrage across the nation, leading to several violent anti-government protests and demonstrations. In order to understand the indignation of the Zimbabwean people, one must look at the past decade of currency history within the South African nation. In 2006, the...

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OPEC Faces Historic Decision Following Vienna MeetingOpen in a New Window

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...

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Hackers and International BusinessOpen in a New Window

Hacking is defined as using a computer to gain unauthorized access to data or information in a system. Often times the information is used for the financial gain of the hacker. Hackers have come to be a major drain on the global economy. It is estimated that for all of 2016 they will cost the global economy $445 billion. Data hackers have stolen information from many Fortune 500 companies, with one member of a major cyber security firm stating the all 500 Fortune 500...

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globalEDGE Online Course ModulesOpen in a New Window

globalEDGE provides a wealth of information on international business and a variety of interactive educational tools for use in the classroom or in executive training. One section that has been extensively used in a classroom setting is the Online Course Modules. The modules offer a structured way of viewing information pertaining international business through narrated slides. The modules cover several aspects of international business such as how to do business in several regions, importance...

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Canada's Plan to Phase Out CoalOpen in a New Window

Canada is the world's 12th largest coal producer, contributing close to 10% of greenhouse gas emissions overall. However, Canada plans to fully phase out coal power by the year 2030. Canada's largest province, Ontario, phased out coal power in 2014, so the remaining four provinces that still use coal-fired electricity will be the next in line. Currently, 80% of Canada's electricity comes from sources that are non-carbon emitting—the goal is to increase that to 90% by 2030....

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globalEDGE Business Beat: Latest SegmentsOpen in a New Window

The globalEDGE Business Beat features brief audio segments covering a wide range of international business topics. Hosted by Dr. Tomas Hult of Michigan State University, the Business Beat helps keep listeners up to date with global business news. In last week’s segments, Tomas discussed the U.S. Department of Education’s CIBER program, entrepreneurship, the customer service aspect of marketing, and Michigan State’s marketing and management programs. You can also check out the...

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gE Blog Series: Central Bank Regulation Part 5 – North AmericaOpen in a New Window

In North America, there are currently two very contradicting states between the Central Banks of Canada and the Federal Reserve of the United States. According to a senior central bank official, the Bank of Canada will not respond mechanically to any future move by the U.S. Federal Reserve to raise interest rates. Deputy Governor Timothy Lane spoke to an audience in Waterloo, Ontario and stated that “tighter monetary policy in the U.S. would lead to higher market interest rates globally,...

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gE Blog Series: Central Bank Regulation Part 4 - East AsiaOpen in a New Window

East Asia is home to three of the biggest economic powerhouses in the world: China, Japan, and South Korea. Thus, the well-being of the global economy often depends on the region's pecuniary health. Central banks already hold the utmost power in this regard; yet, in recent times, each nation's bank has led endeavors to consolidate further economic control. The effects of these measures, along with last week's global market shakeups, have paved a path of economic...

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gE Blog Series: Central Bank Regulation Part 3 - Central AmericaOpen in a New Window

In conjunction with our blog series on central banking policy throughout the world, today we turn our attention to Central America and the unique fiscal and monetary landscape that is often an afterthought when examining the world economy. For the purposes of this blog, when referencing Central America, we are incorporating Mexico and all other continental countries of North America that are south of the United States of America. While Europe, Japan, and the US are locked into low interest rate...

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gE Blog Series: Central Bank Regulation Part 2 - Western EuropeOpen in a New Window

Despite the trade agreement disputes, political instability, and concerns about the United Kingdom’s 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, GDP rose 0.3%, consumer prices rose up to 0.5%, and economic growth as well as inflation occurred as predicted. Global economic growth is based on the productive potential of a country, and the Eurozone economy has,...

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gE Blog Series: Central Bank Regulation Part 1 - The Role of Central Banks in the Global EconomyOpen in a New Window

Global interest rates currently span a wide range; from Switzerland, at a negative 0.75%, to Belarus at 28.5%. Overall, 45% of the world’s central banks lowered their rates in the last year, 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. What separates a central bank from other financial...

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Unexpected Slow Growth for Singapore's EconomyOpen in a New Window

On the brink of recession, the small, trade-dependent country of Singapore is on track to log its slowest growth rate since 2009. Government analysts expect this year’s growth rate to be between 1 and 2 percent. This grinding halt in economic growth caused the shutdown of an estimated 42,000 businesses in the first six months of 2016. In comparison, 2015 saw the shutdown of only 49,000 businesses. The contributing factors to this economic disaster have been intensely studied. An...

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Urbanization: Challenges and OpportunitiesOpen in a New Window

At the turn of the century in 1800, only 2% of the world’s population lived in cities. Today that percentage is nearly 54%, meaning a majority of the world’s population lives in cities and urban areas. This rapid urbanization, a significant portion of which has occurred in the last 50 years, has created a unique set of challenges and opportunities unlike anything mankind has ever faced. One of the most significant issues posed by rapidly expanding urban cities is their...

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Rise of the Medical Robotics Industry in ChinaOpen in a New Window

Medical breakthroughs have sparked the rise of the robotics industry in the arena of medicine. Through technological advancements, robots have been gaining popularity. There are various types of robots, some are made for personal assistance or social use, but they have seen the most significant growth and evolution in industrial automation. Companies in China have been on the rise to implement the use of robotics in the medical industry to develop new products and to meet consumer...

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The Decline of Global TradeOpen in a New Window

While globalization itself is not reversing, according to the Financial Times, it has “definitely lost its dynamism”. In September, trade was interrupted between Asia and the U.S. after South Korean shipping line, Hanjin, filed for bankruptcy. As a result, the company left several dozen of its cargo ships at sea. While it is not being noticed by most people, trade is no longer rising across the globe. Statisticians in the Netherlands found that the volume of global trade was flat in...

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Ruling Causes Disruption in BrexitOpen in a New Window

The United Kingdom's High Court has ruled that in order for the British government to trigger Article 50, it must receive approval from Parliament. In late June, the U.K. voted in a referendum 52% to 48% to leave the European Union, but does this ruling have the potential to discredit more than 30 million voters? Prime Minister Theresa May had plans to notify the E.U. of Article 50 before the end of March of next year, which would formally begin the two-year process of leaving the E.U....

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Pharmaceutical Companies in Canada and Japan Engage in Sales NegotiationsOpen in a New Window

Valeant Pharmaceuticals International Inc., a corporation based in Quebec, is currently in talks to sell Salix Pharmaceuticals Ltd., a company that manufactures gastrointestinal drugs. Valeant originally acquired Salix in March 2015 for $14.5 billion. The purchase was part of a growth strategy of buying pharmaceutical businesses with reputable products and cutting their research costs to maximize profits. However, Valeant lost much stock value over the past...

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Greece in 2016: Rising like a Phoenix or Bailout Number 4?Open in a New Window

In 2016 much of the world’s focus has been on turmoil in the Middle East, the rise of populist governments in the western world, and Brexit. While all of these massive movements have been taking place, one of the biggest economic stories of last year seems to be on the back burner for now, the Greek debt crisis. It wasn’t so long ago that Grexit was a much more real possibility than Brexit. With the overleveraging of almost every aspect of the Greek economy and the rise of a...

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Outlook on the EurozoneOpen in a New Window

Through October, the Eurozone’s economy grew at the fastest pace of the year. The rally in in United Kingdom 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 yields in Eurozone bonds rose as a result. The raise eased pressure on the European Central Bank, whose quantitative easing program prevents it from buying any debt...

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