Exports continue to help grow and expand Michigan’s food and , while generating nearly $2.8 billion in economic activity with support from the nation’s second most diverse agriculture industry, strong public and private investment, and a diversified portfolio for food processing. Exports of are growing three times faster than sales in the United States due to the foreign consumers’ growing purchasing power and lower trade barriers. Thus, exporting is vital to companies as an opportunity to increase sales and profits, as 95 percent of the world’s consumers live outside of the . Moreover, food and agriculture producers can reduce dependence on existing domestic markets, and off-set slow sales due to economic changes, demands, and cyclic fluctuations resulting in short and long-term security for Michigan.
globalEDGE Blog - Page 193
Publish Date:
Although sending emails is an efficient form of for some tasks, bosses are prompting employees to when appropriate. Some managers have gone as far to say that emailing instead of calling can hurt business, hinder creativity, and delay projects. This issue is especially common among the Millennials, a group defined by people born between 1981 and the early 2000s. A common belief is that this generation is so accustomed to texting, emailing, and communicating via social media that many of its members are inept at communicating on the phone or in person.
Publish Date:
Emerging markets has become a phrase that incites a lot of excitement. With high growth rates and the possibility of huge returns, investors have flocked to put money in the best performing emerging markets. One of the darling emerging markets over the past decade has been . The combination of a large landmass, rich with resources, and the world’s second largest population has been the framework that allowed India’s GDP to grow at an . This well outpaces the United States as well as almost every western economy and has caused investors to salivate at the potential they see in India. Regardless of these extraordinary statistics, recent stumbles in has reminded everyone just how risky emerging markets can be.
Publish Date:
Starting in 2008, the financial crisis affected most of the countries in the world. Recently, a light of global economic recovery was shed on many of these countries. However, a new challenge aroused in the Asian currency price market. In , people hope that the government can change a record-low currency trading situation, accelerating inflation. Furthermore, they hope India’s economy can find its way back to the normal path.
Publish Date:
The Arctic Ocean has traditionally been covered in ice and very difficult to travel through with a ship. Currently the ocean is travelable for four months a year as polar ice caps melt due to global warming. One country taking advantage of the is . A Chinese shipping company, COSCO, sent a ship from the port of Dalian to Rotterdam in the , a 3,380 mile route that would take just over 30 days.
Publish Date:
Long before the financial crisis hit in 2009, private debt clouded the economics of developed countries and emerging markets. Between 2004 and 2009, as seen on , shows the private-sector non-financial debt rose by an average of 43% of GDP in the Western countries. Since then, the public sector’s ledger has taken on the debt burden. The frequency and amount of government bailouts and fiscal stimuli dished out by lethargic economies sent the ratio of government debt to GDP spiraling. The Corporate sector have begun to deleverage while Households and Financials are taking on more. This is especially evident in France, where sustainable growth is expanding in five strategic areas: education, research, industrials, infrastructure, and financial technology.
Publish Date:
For decades, free trade has received major support in the increasingly globalized market. of today. To account for the economic effects of free trade, Foreign Direct Investment (FDI) has caught the attention of economists and has become one of the most important components of measuring the economy. Since the Great Recession in 2008, most countries, especially the , have been experiencing a huge decline in FDI. However, in certain parts of America, we may see a much needed comeback of foreign investments in the next two years.
Publish Date:
A new wave of start-ups are forever changing the way people view the borrowing and saving of money. These financial-technology firms, or fin-tech firms, are gearing away from large corporations, such as Western Union, and are now relying on safe to enhance the financial world from the comfort of their warehouses. The many rising firms are reaping in the profits, while simultaneously sparking interest in investors and challenging the institutions that have reigned over the for years.
Publish Date:
Harnessing the energy in shale has created a boom in the markets with enough momentum to alter the global energy industry altogether. The controversial drilling technique involves fracturing shale formations using water, sand, and other (undisclosed) chemicals to access natural gas. Entrepreneurial potential coupled with technological innovations from both the public- and private-sectors attract investment to either resource rich regions or competitive hedging projects for returns.
Publish Date:
In his recent article, Michael Burda, a Professor of Economics at Humboldt University Berlin, suggests the European Central Bank (ECB) should be redesigned with regional rather than national central banks. The column proposes that instead of each country having a national bank, boarders should be drawn to create regional banks. The United States, which has 12 regional banks, is a country that uses this central bank system.