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The Importance of Cultural Intelligence in International BusinessOpen in a New Window

We’ve been hearing the words “Cultural Intelligence” everywhere we go lately. So what is cultural intelligence and why is it so important to global businesses? Cultural intelligence is the ability for people, organizations, and businesses to relate to culturally diverse situations and work effectively in them. It is a vital aspect to international businesses because every country they are based in requires a different cultural approach and the ability to get well with the...

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Community Colleges for International Development (CCID) Annual ConferenceOpen in a New Window

MSU-CIBER and globalEDGE are excited to be part of the upcoming CCID conference in Scottsdale, Arizona. Through our Department of Education Title VIB grant, MSU-CIBER engages deeply in community college internationalization with a number of organizations, including CCID. CCID has made it their mission to further internationalization initiatives as well as help their members develop globally competent workers. This year's conference, spanning from February 16th-19th, will include a...

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Global Chewing Gum Market Holds SteadyOpen in a New Window

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. Overall, the global chewing-gum market is segmented into four geographic regions:...

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The International Effects of Rising Chinese Consumer PowerOpen in a New Window

2018 could be a very important year for the Chinese economy, with retail sales expected to exceed those of the United States this year.  In the past, China’s economy has been largely supported by its manufacturing businesses, but now, there is a decline in manufacturing and an increase consumer spending and importing.  Considering that China is the largest export economy for approximately 40 countries today, by the year 2030, many more countries may be relying on exporting to...

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In the Midst of the 4th Industrial Revolution, is the Trucking Industry Here to Stay?Open in a New Window

In the midst of an economic transformation that favors technology, the trucking industry is seeing one of its largest growth years in the past decade. In January, American trucking companies ordered the largest number of new 18-wheelers in about 12 years. This action took place following a tax overhaul that gave them more cash to invest. Trucking companies have also been incentivized to purchase new fuel-efficient trucks in a period of rising diesel costs. In a way, a digital economy has the...

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The Price the World Pays for the Gender GapOpen in a New Window

At the current rates of progress towards closing the gender gap around the world, it would take Western Europe 61 years to close their gender gap, Eastern Europe and Central Asia 128, the Middle East and North Africa 157, East Asia and the Pacific 161, and North America 168 years. Some of the world’s largest economies are the farthest away from gender parity. At a time when countries have closed an average of 85% of their gaps in educational attainment, one may wonder why progress towards...

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Volatility Returns to Global Stock MarketOpen in a New Window

Global equity markets have taken investors on a roller coaster ride this past week.  After reaching new all-time highs in late January, investors were expecting the steady gains they have grown accustomed to over the past year to continue. Markets began to take a turn last Friday, seemingly spurred by a better than expected U.S. jobs report. Investors were on edge that increased employment could create inflationary pressure causing central banks to hike interest rates. Friday’s...

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Changes in the Cosmetic IndustryOpen in a New Window

Most people have a basic knowledge of the types of makeup individual’s use such as lipstick, eyeshadow and bronzer. However, in the past decade, more and more options have been arising for all aspects of enhancing one's natural beauty. Beauty blenders, highlighter, lip plumping kits are just a few of new additions to the makeup industry. Additionally, over the last 14 years, the cosmetic industry has been experiencing a consistent growth as a whole of about four percent annually. In...

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A Hope in the HollersOpen in a New Window

A Hope in the Hollers Trade and trade agreements are blamed by many people for a decline in good paying jobs, wage stagnation, and other ills.  There’s a widespread belief that globalization and its corporate and multinational organization enablers have handed right-wing nativist groups a club with which to bash free market liberalism, a philosophy that has prevailed since the end of the World War II. But the current political environment has only led to Brexit in...

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Why Aim for Full Employment?Open in a New Window

What does full employment really mean? Full employment in an economic point of view does not necessarily mean everyone has a job. If employment drops beyond a certain point, it can generate price and wage pressures, which might spark an inflation. Therefore, economists refer to the term as the sweet spot, where employment is close to full and does not push prices up. But, how does this full employment impact the economy? Well, there are several economic and societal benefits. It eliminates...

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Sources of Energy in Developing CountriesOpen in a New Window

This is the fifth post in a five-part blog series focused on the energy industry. The future of energy is often discussed in the news.  Many publications will say that the energy market’s future rests in one form or another but the future of the energy industry whole is difficult to predict because much of the future of energy is rooted in the policies of politicians. However, the Earth is not yet close to running out of these nonrenewable fuels so while there will be a need to...

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Fossil Fuels: The Future of Oil, Coal and Natural GasOpen in a New Window

This is the fourth post in a five-part blog series focused on the energy industry. As more countries consider the environmental impacts of capturing and using different forms of energy, the era for previous power-houses like coal is coming to a close. This post will explore the accessibility, development, and trading of upcoming fossil fuels around the globe. Oil According to a recent report by the international energy agency, the oil market has experienced strengthening over...

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Wind, Solar, and Nuclear Energy Around the GlobeOpen in a New Window

This is the third post in a five-part blog series focused on the energy industry. As our world’s supply of nonrenewable resources slowly dwindles, society is being forced to consider new methods of generating energy in a continuously growing world.  A major focus has been put on turning earth’s natural products like wind, sun, and water, and additionally nuclear power, into devices of energy production.  Fifty countries agreed at the Climate Vulnerable Forum to make...

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Geothermal and Hydroelectric EnergyOpen in a New Window

This is the second post in a five-part blog series focused on the energy industry.  Every day we face new problems arising from the environmental state of our world. Widespread pollution is a huge problem to our environment and there is an urgent need to start using renewable sources that eliminate the burning of fossil fuels. Geothermal and hydroelectric are renewable sources of energies and produce “clean” fuel sources. Geothermal energy is heat stored deep inside the...

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Energy Blog Series IntroductionOpen in a New Window

This is the first post in a five-part blog series focused on the energy industry.  This week’s blog series will be about the Energy industry with posts about Geothermal and Hydroelectric Power; Solar, Wind, and Nuclear Energy; Oil, and Natural Gas; concluding with an outlook on the future of Energy. By the end of the week, these articles will give you an in-depth break down on the current state of the Energy industry in the United States and abroad. The two main categories of...

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Favorable Economic Growth Across the GlobeOpen in a New Window

We are almost a decade away from the 2008-09 financial crisis, and economies around the world are still expanding, almost in unison. In 2017, the world saw improvements in the labor market, positive trade growth, and rising stock markets. All of this positive data came in the midst of political turmoil across the globe including unrest in the South China sea - which is an important trade route. China, the world’s largest economy, had an outstanding year and reported that their economy...

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The Garbage EconomyOpen in a New Window

With 50 million tons of waste, the Estrutural Dump in the Brazilian capital of Brasilia is the largest dump in Latin America. After operating for nearly 70 years, the expansive waste pile was shut down earlier this month by the Brazilian government due to a rising risk of water supply contamination. While the shutdown of Estrutural was long overdue, it will have a devastating effect on the tens of thousands of nearby shantytown residents who live alongside the dump and depend on it to support...

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Food Industry Trends for 2018Open in a New Window

2017 was a busy year for the food industry with many mergers and acquisitions taking place, and this is expected to continue into 2018.  According to the Food Institute data, 587 companies completed mergers and acquisitions last year.  This is a considerable increase from the 505 mergers and acquisitions from 2016 and the 410 from 2015.  In the United States, the food industry completed deals worth a total of $42 billion throughout 2017, up from the $27.1 billion in deals from...

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Increasing Food Prices Around the WorldOpen in a New Window

Who doesn’t love a good grilled cheese sandwich, bowl of ice cream, or a freshly grilled hamburger? All of these crowd favorites and more have been continuing to take a larger chunk of change out of the consumer’s pocket due to a global rise in food prices. Food prices reached a two-year high this past June due to the climb of meat, dairy and wheat prices internationally. There has been a growing demand for meat throughout the globe with beef being the fastest-growing meat category...

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Why are US Companies Repatriating Cash from Abroad?Open in a New Window

With the new tax reform coming into place, many American firms are expected to repatriate money from abroad, especially from the EU, with a reduced price tag. Interestingly, there is about $2.5 trillion of unremitted foreign profits accumulated over the past three decades that are expected to come back to the US. The US government expects to collect around $339 billion in the next decade in repatriation tax. The new GOP tax law lowers repatriation tax rates to 15.5%, and to even 8% for...

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