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globalEDGE Blog - Page 197

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is the world’s third largest economy and the is the largest economy in the world ranked by GDP. But, these two huge economies do not have a free trade agreement, which strikes the question – why not? Obviously, there are a lot of reasons why these two great nations have not struck a deal yet, but one could be on the horizon.

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Jobs, a word that stirs up many emotions, and as of late mostly worry. For those of all ages the economy is worrisome. From those who have been loyal employees at the same company for thirty years to those stepping off of campus this month with the ink still wet on their diplomas. All are troubled with what the future holds for them. Every year, at this time, the discussion resurfaces and as graduation inches closer for us here the thought of life after school becomes ever more prominent.

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No matter where you are in the world, the sustainability of almost every economy depends on one critical idea. Young and highly educated workers must be able to fill the void created by an aging population leaving the workforce. In the competitive global economic landscape of today, even highly developed countries cannot afford to slide into downward educational trends. One can obtain great foresight into the future outlook of the global economy by simply comparing international education across industrialized economies. This analysis leads to the discovery of many surprising revelations about the future setting of the global economy.

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While the unemployment rate of and roaring extremely high these days and economies in the European Union rest down in the trough, good news has finally arrived from the Office of National Statistics. Recent statistics showed that the United Kingdom's economy grew 0.3% during the first quarter of 2013, which relieves the fear of the British economy falling into a triple-dip recession. Is this a sign that is getting itself out of the European Financial Crisis?

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“Trade creates wealth”: an age-old saying oft used to break international boundaries for the free exchange of goods, services, currency, and capital. But this age-old saying does not hold true when it comes to the underground economy of old-age empires’ wealth.  Trafficking antiquities not only creates sinkholes in the public goods marketplace, but it also depreciates cultural heritage sights.  Furthermore, these black market deals are exponentially increasing the rate of cultural homogenization by privatizing potential world-heritage commodities.  Why be entrepreneurial with a public good like history?  It is far more meaningful for archeologists, history enthusiasts, and the inquisitive society.  Due to its unauthorized, undisclosed, unregulated, and highly informal, the black market for antiques can only be scratched at surface level but three distinctive vacuums emerge: currency, knowledge, culture.

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This year the spring slowdown in manufacturing may slow down more than anticipated. Following and industrial production worldwide, analysts are saying that with the already weak economies in China, Germany, and the United States, the slowdown could impact more than just spring. Germany has had a trend in weaker manufacturing activity, and the U.S. has been introduced to sequestration due to its weak trend in the industry. If China, Germany and the United States can’t find a way to power their manufacturing activity this slowdown could have global effects.  

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A few months ago, wrote a about a possible Trans-Atlantic trade agreement. Recently, talks have been heating up between the and the with negotiations on a trade deal likely to begin by the end of June. The free trade agreement, if passed, would remove tariffs and reduce other barriers to trade, spurring economic growth, exports and job creation for both parties. Given the stagnant state of the global economy, there is much excitement over a potential deal and optimism is high that an accord will be reached.

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By 2030, demand for food, water, and energy is estimated to increase by approximately 50%.  Because of this, will be far better off in the future than those who are not.  Fossil fuels are finite resources and as reserves of coal, gas, and oil run out, prices will climb rapidly.  The uncertainty of future supplies of fossil fuels and the growing popularity of “green energy” should incentivize businesses to adopt sustainable strategies. 

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For the most part, my pennies spend most of their time collecting dust in either the bottom of my wallet or in the cup holders in my car. Apparently , among other countries like Australia, Brazil and Sweden, has had enough with the cumbersome coins as well. As of February of 2013, , considering the cost of manufacturing them is even more than the worth of the penny. Should the and the . follow in Canada’s footsteps and eliminate the penny?