The evolution of has opened the Internet for cross-border collaboration and has enabled a whole new range of economic activity that includes online trades, big data, and online advertising. According to the , from 2004-2009, the Internet contributed up to 21 percent in GDP growth in the developed world and 11 percent in the (, ,, ). This blog will discuss the international trade benefits created by the Internet and the risks associated with online cross-border trade.
globalEDGE Blog - Page 180
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The Trans-Pacific Partnership, or TPP, is a trade agreement between twelve countries, including , , , , , , and . This agreement, if ratified, would eliminate almost all trade barriers between these twelve countries, uniting them in the largest free-trade zone in world history. The problem is, it doesn't seem to be getting approved anytime soon; talks that occurred just last week in ended with . As the partnership has been undergoing negotiation talks for years, it is wondered how much longer it will take for the countries to cooperate on certain final issues and establish the partnership.
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In the midst of what appeared to be a comeback for the European automotive market, which includes western in international marketing figures, the current political crisis in has spurred on fears that Russia's days as a growing reliable source of car sales Seeing as Russian forces in the Crimea region has resurrected Cold War tensions between Russian and Western supported factions, and investors in the have reportedly lost confidence in Russia as a continued source of fuel for the sector's global recovery. These tensions come alongside economic turmoil that the international automotive industry has been handling in other emerging markets, which includes the currency market problems that are worsening prospects in the emerging-market countries of and .
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Brazil’s economy posted surprisingly good numbers for the fourth quarter of 2013, renewing hope that the country’s economic fortunes can turnaround. had seen its GDP contract by .5% in the third quarter, leading some analysts to speculate that the . The new numbers for the fourth quarter show that the from the previous quarter and 2.3% over the entire year, numbers that no one expected to see. This news brings some relief and encouragement to Brazilian officials, who currently have their hands full with issues surrounding the economy, protests, and major upcoming sporting events.
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Ever since the financial crisis hit the world in 2008 discussion has ensued on who is at fault and how can we make sure something like this never happens again. At the heart of this debate are banks - especially global ones. Legislative bodies across the globe have acted in an attempt to stabilize the banking system and stop financial panics that dry up credit. From to many attempts have been undertaken.
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This September, the ballot to vote on Scottish Independence will be held. Scotland’s North Sea possesses a great amount of oil revenue for the United Kingdom, which poses a threat to the United Kingdom if Scotland were to become independent. for the country of Scotland, the United Kingdom, and ? A lot of uncertainty. The rarity of the creation of a new state in Western Europe poses a lot of questions that economists do not know the answer to.
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The political and economic future of remains uncertain despite a . This uncertainty will undoubtedly affect economic conditions for those in Ukraine but also other countries supporting Ukraine. Officials from both the United States and the have stated that they are willing to provide . How will the future of Ukraine be shaped by this financial assistance and growing international relationship?
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has a caste system which is a social structure that separates people according to different socio-economic conditions. In recent years the system has been relaxed and it is easier to move from caste-to-caste, but it is still significant to the Indian culture. Having a caste system can increase the amount of poverty and economic activity, leading to a decrease of . In May, India’s general election will take place and the front-runner to be the next prime minister is Narendra Modi. Modi was a former tea seller, which is not considered an elite occupation and is quite different from the former occupations of leaders from the ruling Congress party.
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Since abandoning the Zimbabwean dollar in 2009, has allowed the use of the U.S. dollar, the rand, the pound, and the pula. Recently, the central bank announced that four additional currencies will become legal tender in : dollars, yuan, rupees, and yen. The hope is that the move to more currencies will bring in more cash and quell the ongoing liquidity crisis, which has forced some banks to stop lending altogether.
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Many emerging markets have noted the rapid devaluation of their currencies taking place over the past year. In Colombia, the peso is now worth 2,017.01 per U.S. dollar, the weakest currency level since 2009. While other emerging markets such as South Africa and Turkey are fighting incessantly to combat currency declines by raising interest rates, .