In the , holidays are often a huge source of revenue. Throughout the world, certain holidays have become a time for consumers to spend more money and retailers to make it. These holidays vary from country to country, and the recognition of these differences is an important issue for international retail companies. For retail companies to be successful, they often must , through the use of marketing campaigns and possible discounts or sales. The targeting of these days across world will help international retailers grow sales and increase profits.
globalEDGE Blog - Page 160
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The New Year has brought change to globalEDGE! Our industry trade statistics pages have undergone a redesign and the new pages are now available on globalEDGE. These new pages highlight important trade figures and data for a variety of , including , , , and . Specifically, each industry trade statistics page includes figures for total trade, top exporters, and top importers, as well as the most commonly imported and exported goods. Be sure to check out these new pages and expand your global business knowledge!
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In this month’s blog series, globalEDGE features the . This series will discuss the industry outlook for 2015, the potential for mergers and takeovers, countries that benefit from falling oil prices, global carbon markets, and volcanoes as an energy source. Many analysts hold the belief that , before increasing in the second half of the year. The shale revolution in the United States, Saudi Arabia’s insistence on maintaining its market share, and a weak global economy have all contributed to the lowest oil price per barrel in five and a half years.
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The has pledged financial support of to help them prevent a looming bankruptcy, and boost recovery efforts amidst the financial turmoil in Europe and Asia. is trying to recover and stabilize its economy, but the waging conflict in Eastern Ukraine with Pro-Russia rebels is hurting the economy and driving down consumer spending.
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The global economy had its by the World Bank, saying that the will not be able to hold up the global economy alone. The global economy is now projected to grow 3.0% this year, rather than the 3.5% that was formerly projected. However, the United States had its projection increased from 3.0% growth to 3.2% growth. The World Bank cited Europe, Japan, Russia, and parts of Latin America as the source of the struggles leading to the . While oil prices are low, developing economies who import oil will receive a boost. However, oil exporters will continue to struggle, especially Russia, due to the low price of oil.
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The Michigan State University International Business Center is pleased to introduce a new resource that is now available on globalEDGE – the 2015 Nationwide Benchmarking Report on International Business Education at Community Colleges. This resource can be found in the , which features resources related to Community College programs, syllabi, conferences, , and more. The delves into a variety of factors related to international business education in the and aims to reveal the prevalence of international education at the Community College level.
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Oil prices , and hit a five and a half year low on Monday. Many analysts are projecting that the price of oil is only going to continue to decrease in the near future. This drop in oil prices is having a drastic effect in a multitude of sectors of the economy, all across the world. What is causing oil prices, which have continually risen in the past decade, to suddenly crash? There is not a single source of this crash, but rather a plurality of causes.
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After falling into a shocking recession last year, Japan’s shows signs of hope as growth was sustained in December. The Markit/JMMA purchasing manager’s index was measured at 52, and demonstrated the . As a matter of fact, this growth rate is the most rapid rate since May of last year, suggesting that Japan’s economy may not be in as terrible condition as previously thought.
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This past year was considered a significant year for the global airline industry. The disappearance of AirAsia Flight 8501 and the explosion of the Malaysia Airlines Boeing 777 in the war zone have raised questions about the safety of Asia’s low-cost airliners. Meanwhile, as oil prices drop, the cost of operating airlines will definitely decrease, but it may or may not help the global airline industry.
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In the , some of the regional bloc's major powers are . European leaders from Paris, Berlin, and Brussels have spent their time since the last building firewalls against the financial toxins that hurled Europe into the crises, and their stiff line also reflects their confidence that the eurozone would survive a Greek exit. Therefore, coinciding with the euro hitting a 9-year low against the dollar this past Monday and other external factors threatening the eurozone, the EU is preparing itself to make any hard decisions necessary to avoid falling into another significant depression.