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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.




Thank you for a Great Year

As the academic year comes to a close, the globalEDGE team would like to thank all of our readers for another great year. We have enjoyed posting blogs and interacting with our readers throughout the year. The globalEDGE blog will be taking a break from regularly posting blogs over the summer. We may be checking in occasionally with new posts; however, the normal schedule will not resume until September.


China's Economic Recovery

In 2018, China experienced its worst economic growth in 28 years, with its GDP only growing at a rate of 6.6%. This year economists say that the worst is behind them and that they expect sustained improvement of GDP growth. That is due to two main factors; a stimulus package by the government and increased manufacturer productivity.


The Switch From NAFTA to USMCA, What's the Same and What's Different?

On January 1, 1994, the United States, Canada, and Mexico came together and signed the North American Free Trade Agreement (NAFTA). This trade bloc aims to reduce trade restrictions among the three countries, thus encouraging investment and increasing market access. Under President Trump's administration, the three countries reached a new agreement called the United States-Mexico-Canada Agreement (USMCA) which replaces the former NAFTA. These two agreements have many similar points, yet...


Soft Drinks Show Popularity Around the World

Whether you call them soda, pop, coke, or fizzy drinks, soft drinks are popular across the globe and are defined as a carbonated, nonalcoholic beverage by the Merriam-Webster dictionary. The term soft drink was originally coined to distinguish flavored drinks from hard liquor, and the first soft drinks were marketed in the 17th century as a combination of lemon juice, water, and honey. Later, the first carbonated drinks appeared in the 18th century as health remedies. Today, soft drinks...


Japan is Open for Foreign Investment (Again)

Historically known as one of the most closed off economies in the world, Japan has always had an interesting relationship with foreign investors. Japan first began to warm up to foreign investment in the 1990s as the island nation was in the midst of a decade long period of stagnation. Foreign investors jumped, perhaps too aggressively, at the opportunity to park their capital into what was then the world’s second-largest economy. Foreign ownership of Japanese company stock skyrocketed...


Hours After a Fire Destroyed Part of Notre Dame Cathedral, French President Emmanuel Macron Vows to Have it Rebuilt Within Five Years

On Tuesday 4/16, French President Emmanuel Macron vowed that the Notre Dame Cathedral will be rebuilt within five years. There is hope that the reconstruction will be complete prior to Paris hosting the 2024 Olympics.


Michigan State University World Intellectual Property Day 2019

The MSU World Intellectual Property Day will be held at the MSU College of Law on Thursday, April 25. Join this event to learn from the challenges and solutions industry leaders have taken to address the protection measures of a brand at different levels of the supply chain. This event will cover the complications of protecting your intellectual property and the importance of industry regulations that must be followed both nationally and internationally. Click on the link below to learn...


Global Movie Theater Market

Although new recent releases like “Black Panther” and “Avenger’s Endgame” have made waves in the international box office market, it still hasn’t grown much in recent years.


Where is Automation Taking Us?

Automation, a familiar term to all of us, was rarely used 100 years ago. Technology advancements took place at an exponential speed during the last century, and this trend shows no evidence of slowing down. It is estimated that 40% of the world’s jobs will be replaced by automated robots in the next 15 years. While both blue collar and white collar professions will be affected, occupations that involve dangerous and repetitive activities will be up first. Artificial intelligence and...


Global Dairy Market Continues to Grow

From cheese to milk to butter, yogurt, and ice cream, dairy is found in many forms across the globe and is used and consumed in a multitude of ways throughout the world’s varying cultures. Dairy plays an essential role as the base ingredient of many foods and is a major industrial product in many economies. The main source of dairy comes from cows, which can be raised and bred in mass numbers to obtain product that satisfies the demand of the population.


Hiring Bounces Back as the U.S. Adds 196,000 Jobs in March

After a disappointing jobs report in February, the labor market rebounded with a strong report in March. The reported number significantly exceeded analysts expectations of 170,000 jobs in March. This positive information calmed investors regarding the strength in the United States economy. This was signaled by a rise in many government bond prices. Furthermore, investors concern of wage growths’ impacts on inflation has been marginalized. Steady wage growth has been reported but not at the...


How Countries are Encouraging the Ownership of Electric Vehicles

Some countries are embracing the rise of electric cars, others are pulling in the other direction, and the rest are muddling through with no plan. Countries are encouraging the use of electric cars in order to reduce toxic emissions, enhance environmental awareness, and promote transportation sustainability. Moreover, electric car owners benefit from a lot of perks that include free parking spaces, city congestion tax incentives, and many more. This article gives an overview of five...


A Small Danish Town Will Soon Hold Western Europe’s Tallest Skyscraper

After years of discussion, Brande’s municipal council approved plans in mid-March to construct what will be Western Europe’s tallest skyscraper. It is scheduled to be completed in 2023 and will stand approximately 1,050 feet high be visible from up to 40 miles away.


People are Demanding Healthier Snack Options

Snacks have always played an important role in people's lives. It satisfies cravings and provides energy between meals. In 2018, revenue of snack sales exceeded $150 billion dollars worldwide. Despite its optimal revenue and growth, the industry has been going through some serious reconstruction recently. Consumers are demanding healthier options and craving less indulgence food.


Germany’s Economic Outlook 2019

Since the financial crisis in 2008, Germany has been the leading economy in the European Union. Due to turmoil in the global economy and some negative internal forces, the historically strong and stable German economy is expected to experience low growth in 2019.


The Problem with Small Business in Latin America

Big business is on the rise in the US and in other developed economies. It has become ever more common that local mom and pop shops are run out of business by corporate goliaths that are able to flex their expansive resources and economies of scale to undercut their smaller competitors’ prices. In Latin America, this is not the case. In these emerging economies, you can still find many local family-run businesses lining the street corners, relatively unperturbed by major corporate...


Global Socks Market Driven by Changing Economy

Socks have long been an important clothing item to society, dating back to around the eighth century. Today, socks are mass produced around the world and are an essential item in many peoples’ wardrobe. From athletic, to dress, to casual, there are now a variety of types of socks that are catered to each individual’s occasion and a plethora of patterns and colors exist within these categories. Whether functioning as an outfit essential, stylish accent piece, or just to keep feet warm or...


The Importance of Tourism on Economies and Businesses

Tourism is vital for the success of many economies around the world. There are several benefits of tourism on host destinations. Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens.


Benefits of Multilingualism

There are about 7,000 different languages spoken around the world. These languages are more than just a form of communication but instead represent different cultures, traditions, and identities. They are an inseparable aspect of people's lives. Especially in today's society, bilingualism or even multilingualism is very common due to close proximity to other countries with different languages and an increased desire to acquire such skills. Below are some advantages of being multilingual:


Streaming Services’ Path to Worldwide Domination

Just 10 years ago, no one knew what Netflix was. In fact, in 2008, then Blockbuster CEO, Jim Keyes said, Netflix isn’t “even on the radar screen in terms of competition.” Today, Netflix is the preeminent leader in the streaming service business with more than 125 million subscribers worldwide, and Blockbuster declared bankruptcy only two years after that interview.