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Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.

Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.
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Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.




Global Smartphone Market Experiencing Significant Shifts

In the mid-2000’s, smartphones took the world by storm. Offering a plethora of abilities and functions to users, these intricate devices were obsessed over by people around the world, connecting users to anything they desired with the click of a button or a tap of a screen. Recently, however, the smartphone market has experienced several missteps and subsequent difficulties selling their products to consumers.


Top Five Countries Exporting to the United States

There are five countries that the United States imports more than half of their goods from. These imports are from China, Canada, Mexico, Japan, and Germany. It imported 22% of its goods from China in 2017 which were worth $526B. It also imported 13% from both Canada and Mexico. Japan and Germany contribute a percentage of around 5%. Every single one of these countries has a comparative advantage that makes them successful exporters to the United States.


Top Trends in Technology in 2019

1. Blockchain Technology will gain traction Blockchain, the driver behind bitcoin, is a technology that uses a common ledger of information that updates simultaneously with every transaction on a public network of thousands of computers. Benefits of blockchain are that there is no singular controlling entity that can manipulate data and that there is no single point of failure except that of human error. In 2019, it is expected that we see blockchain technology used in areas outside of...


An Overview of Jamaica's Economy

Jamaica is a small island country in the Caribbean Sea, about half the size of the American state, New Jersey. Since its origin, the country has functioned through an agricultural emphasis. Settled by the Spanish and English in its early discovery, Jamaica was used as a slave island that farmed staple crops to accommodate world trade. Even after gaining independence in 1962, the country’s economy remained agricultural as a consequence of the past slavery.


Concern over Major Global Financial Benchmark

The London Inter-bank Offered Rate (LIBOR) is an interest rate benchmark that is used to set the interest rate on hundreds of trillions of dollars in debt around the world. The LIBOR rates are set via a consensus mechanism whereby the world’s leading banks submit the interest rate at which they believe they could borrow funds from another bank. The LIBOR rate is set for seven different maturities, ranging from one week to one year, with the most commonly quoted rate being the three-month...


Trends in the Beauty Industry

The beauty industry is constantly changing, adapting to new consumer wants and developing innovative products. Demands in the industry are very volatile, affected by many factors on a daily basis. Below are some current trends: Green Beauty: There has been a big emphasis on sustainability, both the packaging aspect and the ingredients used. Customers are demanding environment-friendly and recyclable packagings. In addition, product ingredients have been in the spotlight as well. L'Oréal, a...


As Climate Change Becomes a More Prominent Issue, Even Investors are Joining the Fight

As climate change increasingly becomes a bigger issue, investors and companies are looking for ways to minimize their environmental impact with regards to greenhouse-gas emissions. Investors such as Aviva Investors and Aegon Asset Management are encouraging restaurants and food companies to reduce their carbon footprint and redefine their supply chain to be more environmentally friendly. Especially in the United States, this is a controversial period for this issue. Analysts are expecting...


globalEDGE Business Beat: Latest Segments

Have you visited the globalEDGE Business Beat recently? In last week's segments, Dr. Tomas Hult discusses topics related to global efficiency, the internationalization of community colleges, and an overview of MSU’s International Business Center. This overview contains information on the MSU International Business Center Team and serves companies and educators around the world.


globalEDGE Interactive Rankings Tool

Did you know that Venezuela’s inflation rate has reached a peak of 254%? Or that Andorra’s literacy rate for ages 15 and above is 100%? The Interactive Rankings page on globalEDGE is a tool that ranks countries or states according to the economy, trade and investment, energy, health, and government sectors. It has countless data on useful information that can be beneficial for students, professors, and professionals. Check out the links below to find out which country has the highest...


The Drug Pricing Problem in America

Drug prices in America have become an issue for many. Medications can cost two and three times more in the United States than they do in European countries. A drug that treats arthritis, psoriasis and other similar conditions, Humira, costs $822 dollars in Iceland but $2,669 in America.


The Automotive Industry Across the Globe

Transportation has long been one of the most essential and transformative processes in society. Today, e-commerce, fast-paced business environments, and a focus on improving logistics thrust transportation into the spotlight as a necessary day-to-day operation and the main form in which these actions are carried out is automation. Cars have a wide variety of human uses, from picking up children from school, to moving perishable goods across land, to clearing snowy roads efficiently. Because...


How Extreme Weather Affects Supply Chains

This past week, the Midwest United States was swept by a deadly winter storm. With wind chills, some areas' temperature reached a staggering negative 60 degrees Fahrenheit. Extreme weather, like this storm, impedes many industries and processes, creating inconveniences and delays. In response to weather, many factors change including demand, production, and delivery. As a result, the supply chains of numerous companies have been impacted in a negative way.


NFL Championship Game Draws Advertisers from Around the World

This Sunday the New England Patriots will be facing the Los Angeles Rams in Superbowl LIII in Atlanta, GA. For the uninitiated, the Superbowl is the championship game of the National Football League (NFL), which is the highest level of professional American football in the United States. In addition to being the biggest day of the year for die-hard football fans, the Superbowl is also a peak time for advertisers around the globe.


Updated Country Risk Assessments on globalEDGE

The globalEDGE team recently updated all of the country risk assessments, which can be found on our Country Insights pages. Using data provided by Coface, the country risk assessment pages display an index rating for each countries overall risk and business environment. In addition to these indices, strengths, weaknesses, and current trends that impact risk profile are presented for every country. Check out these updated pages today to see how every country's risk profile has changed over...


The IMF Has Cut the Global Growth Forecast, What Else Did They Announce?

After recent meetings in Switzerland, the International Monetary Fund cut forecasts of global economic growth in 2019 to 3.5%. This is down from a projected 3.7% released in October and 3.9% in July. In past meetings, the organization characterized growth as “plateauing” but now has come to the agreement that the “global expansion has weakened”.


Aspects of International Trade

Long distance trading began during the domestication of pack animals and the invention of ships thousands of years ago. International trade is essential for individuals, firms, machinery and technology, and to whole countries. Trade occurs due to a countries' inability to satisfy their own needs and wants with their own resources. There are two fundamental principles (Division of Labor and Specialization) that are related to the production of goods and services in countries that want to...


World Economic Forum: Days 1 & 2 Takeaways

In the 2019 World Economic Forum in Davos, Switzerland, representatives from every nation and from the world’s largest businesses have gathered together to discuss new developments, problems, and initiatives around the world. The first two days of this year’s summit featured an address from Brazil’s recently elected president Jair Bolsonaro, discussion on shale oil by John Hess of Hess Corporation, and discussion of the IMF’s lower prospects on 2019’s economic growth.


Business Hubs Around The World

Over the past several decades, many countries in the Middle East, Asia, and South America have experienced unprecedented growth. Reduced restrictions combined with increased globalization sparked interest from the worlds largest corporations and investors. Numerous Fortune 500 companies are opening international headquarters for better reach and lower production costs. Business hubs are shifting locations from the West to a better balance across the world. Read below for details on several...


Global Metals and Mining Industry Attempts to Rebuild Itself

Global mining companies have taken a beating in the past decade in one of the industry’s longest bear markets. The MSCI World Metals and Mining Index tracks the stock performance of 39 metals and mining companies across 23 developed nations and serves as a proxy for the overall global metals and mining industry. This index fell 18% in 2018 closing the year out 55 percentage points lower than its 2008 peak.


What to Look for Ahead of U.S. and EU Trade Talks

Later this year, the United States and the European Union will begin trade negotiations, which the EU has already been preparing for. The relationship, which fosters $1 trillion in commercial trade could see a complete overhaul in 2019. The EU’s executive body will begin to meet this month and will structure the bloc’s parameters for which it will use in negotiations.