Global economic growth has been held back in recent times and many factors play into this; however, political uncertainty has been at the forefront. Unpredictable political outcomes, such as the general election season in the world, instability in the Middle East, the Brexit, and leadership reshuffle, have created considerable doubt and uncertainty in global markets.
globalEDGE Blog - Page 114
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With the economic struggles of many emerging markets, has been one of the few bright spots. The economy is expected to , the fourth highest rate among emerging markets. The fact that Indonesia has been able to keep its economy growing is impressive, especially with the many outside factors that have significantly impacted other emerging markets.
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The economic impact of natural disasters can be witnessed on a global scale. These disasters often set in motion a variety of chain reactions, negatively impacting and in some cases decimating sectors of the global economy.
These are some of the most infamous natural disasters with respect to their economic repercussions:
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Earlier this month on October 5th, congress approved the key points of a polarizing bill, which would allow foreign investment in the nation's offshore oil fields. The bill overturns parts of a 2010 bill which was aimed at increasing government control over the lucrative oil fields. This law mandated that the state-run oil company, , be the lead operator and hold a minimum of a 30% stake in any offshore drilling operations in so-called “pre-salt” fields.
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The Paris Agreement focusing on the reduction of emissions and overall achievement of climate neutrality has initiated efforts to reduce carbon emissions throughout the aviation industry. Airlines are one of the major emitters of carbon dioxide, and . However, aviation had not been included in the agreement until now.
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Second Shift captures the dynamic, collaborative management model that essentially saved a U.S. manufacturing city - Lansing, Michigan. The "Second Shift Model" has now been codified in a and a .
When car-making giant decided to close its plant in , , in 1996, one person – the city’s newly elected mayor, David Hollister – stood up and said “no.” Hollister’s “no” began a five-year competitive, collaborative, strategically intricate process to keep GM in town.
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In efforts to dominating the global , has made tremendous attempts to promote mining overseas. With increased international mining initiatives, many Canadian corporations have been fueling their resources to expand globally. According to the Huffington Post,
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is currently in a recession after unpegging from the dollar, and the decreased dollar supply has reduced output and created obstacles for . A challenge that Nigeria is trying to overcome is the lack which would have allowed for more sustainable growth.
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A stated goal of Singapore’s Ministry of Trade and Industry is to , which currently make up only 1.5% of the country’s total international trade. The continent’s economic potential and recent investments by other Asian nations has led to explore an expansion of trade, with an initial focus on free trade agreements. Singapore currently has very few agreements with any African nations, but in August, the country was able with , , and .
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After the Brexit, the pound fell immensely, by 8.4% in one day, to its lowest since 1985, which was the biggest one day fall on record. The depreciation of the pound could be seen as a double-edged sword. It caused a significant boost in exports in several industries in the due to British prices becoming relatively lower for the world, but prices of imported goods, such as raw materials, have and will continue to rise.