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International Competitiveness of the United StatesOpen in a New Window

International trade and policy experts have made strong arguments that the worldwide economic downturn a decade ago (2008-2009) was due to the inadequacies in the rules that we need to have globally for a stable and prosperous economy. The carryover effect to today, some 10 years later, is potentially worrisome in the long term, some economists suggest. As a bright spot, right now, with a short-term focus, the world economic outlook is much more upbeat than most economists even predicted it...

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Two Men and a Truck - Local Feel, Global MoveOpen in a New Window

By some accounts, moving is ranked as the third-most stressful event a person can experience, after death of a relative and divorce. Two Men and a Truck started as an after-school business (Video: The Story of the Stickmen) for two high school boys in Lansing, Michigan. As a small business focused on local moving services, the company began in 1985 with $350, a hand-drawn logo, and an advertisement in a local community newspaper. In 1989, Melanie Bergeron, the daughter of founder Mary Ellen...

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China, Hong Kong, and India have the highest market potential for U.S. exporters, say Broad College researchersOpen in a New Window

China remains the market with the most potential for U.S. exporters, according to the 2018 Market Potential Index (MPI) by the International Business Center in the Broad College of Business at Michigan State University. Hong Kong and India are second and third in this year’s ranking. The top three spots in the 2018 ranking remain unchanged from the 2017 rankings, with China keeping the overall top spot for the fifth year in a row. Singapore moved up...

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Thank You for a Great Year!Open in a New Window

As the academic year comes to a close we would like to thank all of our readers for a great year. We have enjoyed posting blogs and interacting with all of you 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 resume in September.

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Changes in the 2018 Market Potential IndexOpen in a New Window

Every year globalEDGE publishes its Market Potential Index (MPI) in order to assess a market’s attractiveness for international business. The Market Potential Index ranks the market potential of the 97 largest economies (not including the U.S.). With the MPI, determining which international market to enter is no longer an overwhelming task. The world’s largest economies are ranked based on several dimensions, allowing appropriate marketing strategies to be developed...

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The Politics of TradeOpen in a New Window

Why don’t Democratic members of Congress support free trade agreements?  The reason most often given is that historically Democrats have been the party of the working person.  And since the conventional wisdom holds that trade destroys jobs in the U.S., Democrats have to oppose it. Related to this explanation is that labor unions are de facto extensions of the party and if they oppose trade then the party’s elected representatives must follow their lead on this...

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The Rising Concern for Corporate Social ResponsibilityOpen in a New Window

This is the third post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Pujitha Kasipuram. What is CSR Corporate social responsibility is not a new term, as it originated back in the 1930’s where a firm tends to focus on mainly profits and private interests. According to Norine Kenney who is a part the U.S Council on International Business, “there is no solid definition of CSR; however, it is not a...

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Cryptocurrencies and Modern EconomyOpen in a New Window

This is the second post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Xiyou Xu. The emergence of cryptocurrencies has shaken up the economic establishments around the world. In fact, the phenomenon of such virtual currencies is thoroughly studied by the economists to understand how they impact the global financial system. As a result, such cryptocurrencies like Bitcoin have been examined regarding contrast to...

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Value: The Foundation for International CompaniesOpen in a New Window

This is the first post in a three-part series featuring our blog competition winners from Michigan State University. The author of today's post is Lauren Kuiper. What does value mean to you? There are many ways to perceive value based on the company you are dealing with. For most companies, value is the foundation of the business. If the company cannot get the customer to see the value in their product or service, they will essentially fail. They need their customers and employees to...

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Introducing the globalEDGE Blog Competition WinnersOpen in a New Window

This Spring globalEDGE held our first ever blog competition at Michigan State University, where we asked students studying international business to submit blog posts to potentially be featured on the globalEDGE blog. Over the past few weeks, the globalEDGE team has been reviewing the many student submission and we are proud to announce that Lauren Kuiper, Xiyou Xu, and Pujitha Kasipuram are the three winners to have their blogs featured on the site this week. Our team would...

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The War of Online Streaming ServicesOpen in a New Window

Online streaming services are spreading all around the world and are eating away from the traditional cable service. With access to the internet around the world becoming easier as ever and subscription prices to video streaming services dropping every year, there is no reason why online video streaming companies will soon be the norm around the world. Amazon Prime, Netflix, Hulu, and HBO NOW are some of the common names that fall under the streaming bucket in the US. However, we now see some...

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New Exporting ModulesOpen in a New Window

New exporting modules were recently published in the globalEDGE Online Course Modules.  These modules were created in cooperation with the US Commercial Service, based on content published by the Commercial Service.  Topics covered in these modules range from a general overview on beginning to export to rules of origin on specific free trade agreements.  These modules will be of interest, especially to small business owners.  Modules of specific interest might be our...

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The Effects of China's Recycling BanOpen in a New Window

China has been the world's number one importer of waste for the past 20 years. However, in an effort to address their growing pollution problem, 2018 marked the year China would begin banning imported recyclable waste from other nations. This ban applies to 24 types of materials including plastics, unsorted paper, textiles, and scrap metal and is predicted to include 32 more types by the end of 2019. As a result, countries around the world...

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Succeeding in International MarketsOpen in a New Window

There is no doubt that companies are leaping into new international markets. There are benefits when going global and expanding including greater revenue potential, access to new talent, exposure to foreign investment opportunities, and much more. Below you will find a few important steps companies have to execute in order to enter into new international markets. Businesses must always have a clear plan for their final goal. This strategy is meant to highlight the short-term and long-term...

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Sustainability in the Global Chocolate Supply ChainOpen in a New Window

The cacao seed, which is used for the production of cocoa butter, cocoa powder, and chocolate, has seen several spikes in its supply over the past five years due to climate change, insects, and fungal infections. Paired with fluctuations in demand, the market has experienced a volatile commodity price for several years. Forecasts in 2014 predicted that the demand for cacao would outweigh its supply by 2020 and cause a global shortage. However, estimates have become even bleaker as scientists...

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The Global Coffee IndustryOpen in a New Window

One of the world’s favorite beverages and a major source of caffeine for many students and employees, coffee continues to be an integral factor in society’s daily routine.  According to Business Insider, coffee is the second most sought-after commodity in the entire world, with an industry that is worth over $100 billion across the globe.  In terms of exporting alone, the industry is valued at $20 billion and continues to be on the rise—on average, 500 billion cups...

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Europe and Asia's Private Equity Markets Appear to be AttractiveOpen in a New Window

Private equity refers to the acquisition of equity in companies that don’t trade on public markets. This finance industry is relatively young in comparison to other sectors of commerce. The first firms, J.H. Whitney & Co. and the American Research and Development Corporation were both founded in 1946. Internationally, the private equity realm includes venture capital, growth capital, distressed situations, and leveraged buyouts. Their services improve the global financial markets by...

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Effects of Immigration Laws on the Technology IndustryOpen in a New Window

The technology industry is made up of skilled workers from all over the world, and the success of this industry largely relies on the ability to share and develop different ideas. When countries enforce strict immigration laws, or prevent travel in and out of the country, it hinders the technology industry. This is pertinent considering the possible changes in immigration laws in the United States under the Trump administration which may include reducing visas, increasing deportation, and...

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Genetic Modification Growing in PopularityOpen in a New Window

Genetically modified has become a common term in society, especially in the crop industry. Genetic modification is part of the biotechnology industry which encompasses the exploitation of biological processes, especially that of the genetic manipulation of microorganisms for the production of crops, antibiotics, and hormones. Global hunger has been an issue in our world has been struggling with for centuries, which has led people to rush to the defense of genetically modified crops. A lack...

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Should Governments Regulate Monopolies in the Tech Industry?Open in a New Window

Tech firms have been innovating and growing freely with no strings attached for the past few decades. However, governments and politicians in the America and Europe have been growing a negative sentiment towards the freedom of the giant tech firms. Companies that fall under the social media, search engine, and e-commerce buckets have been specifically put under the microscope. The whole world is currently watching Mark Zuckerberg’s, the Founder and CEO of Facebook, testimony where he has...

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