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An Overview of Liberia's EconomyOpen in a New Window

Located in Western African, Liberia is bordered by Sierra Leone, Guinea, Cote d’Ivoire and the Atlantic Ocean. Liberia is Africa’s older republic who has a long history of civil wars and rebellions with their northwestern neighbor, Sierra Leone. The African country was founded by freed American and Caribbean slaves however the country is mostly inhabited by indigenous Africans in the present day. They are known for their high volume of corruption and poor economic standings....

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Government Intervention in M&AOpen in a New Window

Companies often seek growth opportunities by acquiring a company or merging with one either within its borders or internationally. Successful M&As (mergers and acquisitions) have proven to be one of the most effective ways to increase a company’s sales and/or profitability. It is also a method to push competitors outside the picture and take a larger part of the pie. M&A’s face a long list of challenges when it comes to M&A, but one of the most significant obstacles...

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Trends in the Global Sharing EconomyOpen in a New Window

Popularized by recent ride- and accommodation-sharing platforms, the sharing economy has experienced significant growth and demonstrated its potential for international scalability. The implications of this new economy are predicted to disrupt a variety of business models and industries, ultimately challenging the way we define consumption. Topics to consider include factors driving growth, potential industry risks, and future trends set to affect the way consumers capture value....

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Global Headphone and Earbud MarketOpen in a New Window

Around the globe, playing your favorite music, making phone calls, and listening to lectures or podcasts has been made more convenient with the help of one of the world’s most popular products—headphones/earbuds.  Strolling through college campuses, it’s a common sight for students bustling to and from classes to don a pair of earbuds or headphones.  In global workplaces, many employees play music through headphones to increase their focus and achieve better...

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Economists Questioning Canada’s FutureOpen in a New Window

Canada appears to be taking the brunt of political and economic uncertainty occurring in North America. A potential renegotiation of NAFTA, US tax cuts, and a weakening oil and gas industry are leaving investors wary of future economic growth in Canada. This speculation appears to be a reality for Canada’s Finance Minister Bill Morneau, who forecasted an average annual growth of 1.7% between now and until 2022. This is a rapid change of events for the country, who saw 3.7% economic growth...

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The Frequent Flights to Cuba that Never Made ItOpen in a New Window

"This is the final call for the flight to Havana. You should be in your seats with safety belts fastened." Most Americans never thought they'd hear a message like this on an airplane in their lifetimes, but at one-point last year, dozens of such flights departed airports from across the nation. For example, Alaska Airlines won a route between the U.S. west coast and the Cuban capital. The flights were one of the more tangible benefits of the lifting of many economic...

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The Financial Secrecy IndexOpen in a New Window

globalEDGE has added the 2018 Financial Secrecy Index to our growing list of indices in the global insights by country pages. Provided by the Tax Justice Network, the Financial Secrecy Index ranks jurisdictions according to their secrecy and level of offshore financing activities. The index was developed in collaboration with the world’s largest banks, law practices, and accounting firms that are intimately familiar with the secretive offshore financial structures of some of their...

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International E-CommerceOpen in a New Window

International e-commerce are commercial transactions that happen over the internet which involve people or businesses located in different countries.  In the modern world, many consumers now shop online and there are a plethora of opportunities available to market to a potential online international customer.    According to a report published by UPS 71% of European online shoppers have purchased from an international retailer, with 73% of those people have bought from a...

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Growth Expected in Global Beer MarketOpen in a New Window

Fermented carbohydrates, malted cereal grain, and hops are three essential ingredients to the world’s most common alcoholic beverage, beer. Beer is one of the oldest brewed and consumed beverages across the globe and its demand increasing exponentially. Local breweries have been popping up in cities across the globe featuring a new micro-brewed ale or a new twist on an old classic. Currently, the Asian Pacific region of the world holds the largest stake in the beer market cornering a...

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International Arms TradeOpen in a New Window

The number of firearms produced and sold in the United States has continued to rise, and according to the Firearms Commerce in the US report produced by the Justice Department, the amount of firearms that are manufactured in the country have tripled since 1968. This may be alarming considering the fact that in the time it took the number of manufactured guns to triple, the US population has only grown by 35%. In 2015 alone, there were about 9,360,000 firearms manufactured in the US. Out of the...

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Entrepreneurship Accelerates Growth in Emerging MarketsOpen in a New Window

Entrepreneurship is permeating business conversations as more people discover the lasting benefits that come with investing in start-ups. Entrepreneurs are responsible for driving the majority of social and economic innovation across the globe and continue to foster opportunities for growth in mature, emerging and frontier markets alike . Benefits of Global Entrepreneurship Entrepreneurs embrace innovation and are...

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The Worldwide Paper IndustryOpen in a New Window

Microwavable TV dinner trays, notebooks, tissues, packages, and newspapers are all derived from one of the world’s most used products—paper.  According to Green America, “40 percent of the world’s industrial logging goes into making paper, and is expected to reach 50 percent in the near future.”  Furthermore, the global consumption of paper has skyrocketed 400 percent in the last four decades, and in the last 20 years alone, the use of paper products...

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The Costs and Benefits of Hosting International Sports EventsOpen in a New Window

There is no doubt that sports never fail to bring the world together. It provides a platform for national unity and city pride. Hosting international sports events such as the Olympics, Fifa World Cup, or the Super Bowl is the reason for a significant amount of economic development in countries. However, these economic developments can be beneficial but also very costly for host countries.  When a country is willing to host a major sports event, it is first required to invest millions...

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Will Venezuela’s Government Backed Crypto Issuance Solve the Country’s Financial Issues?Open in a New Window

Venezuela is in the midst of a political and economic disaster and has faced hyperinflation, an increasingly worthless physical currency, and heightening food and medicine shortages. Recently, Venezuela has turned to blockchain, and the cryptocurrency boom as a potential method to fund its debt and develop a stable currency. The Petro and Petro Gold have the potential to replace the bolivar, which was the countries primary currency in the past. Unlike the Bolivar, the Petro and Petro Gold...

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Latin America Seeks Value in Consumer GoodsOpen in a New Window

This is the fifth post in a five-part blog series focused on the consumer products industry. Between 2002 and 2012, Latin America experienced impressive growth of its middle class as the incomes of the poor were rising at a faster rate than the incomes of the rich. Many consumer-packaged-goods (CPG) companies leveraged this progress as an opportunity to expand their products into Latin American markets and capitalize the middle class as a new customer base. However, the growth rates of poor...

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Consumer Product Trends in EuropeOpen in a New Window

This is the fourth post in a five-part blog series focused on the consumer products industry. The European consumer goods industry is in the process of a drastic transformation that could leave the industry looking unrecognizable in the next decade. A variety of forces are driving these developments, including market demographics, changing consumer preferences, new technology, and a changing regulatory landscape. Demographics and Consumer Preferences One of the more radical changes in...

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Expanding into the Consumer Products Industry in AsiaOpen in a New Window

This is the third post in a five-part blog series focused on the consumer products industry. Companies in the consumer goods sector that are trying to expand may want to start looking to Asia.  If a company successfully gains recognition in Asia it could mean a huge amount of profits, however, this is an extremely difficult market for foreign companies to penetrate.  Because this region is experiencing income and economic growth, the people are able to do more and more...

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North America as a Powerhouse in the Consumer Products IndustryOpen in a New Window

This is the second post in a five-part blog series focused on the consumer products industry. Adaptability, innovation, and differentiation are three important qualities consumer product (CP) companies must uphold in order to be successful in the ever-changing global market. The North American market upholds these ideas well through adapting technological improvements and having a good feel for the market climate. In turn with these abilities, the countries also work well with meeting the...

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Consumer Products Blog Series IntroductionOpen in a New Window

This is the first post in a five-part blog series focused on the consumer products industry. This month’s blog series will provide an overview of the consumer product industry and its future outlook, and then we will analyze the industry by region: North America, South America, Asia, and Europe. By the end of this week, these blogs will offer you a thorough summary of what’s happening in the consumer product industry and emphasize the importance of the industry in the global...

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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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