Starbucks Corporation recently announced that it will begin opening cafés in India and plans on opening its first café as early as August. is a result of a joint venture with Indian company Tata Global Beverages, which is currently the country’s largest conglomerate. Although India is traditionally a tea drinking country, consumer demand for coffee is increasing. In fact, domestic coffee consumption has increased by an astonishing 80 percent in the last decade.
globalEDGE Blog - Page 224
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With the , the is seeking to double exports by the end of 2014. However, the typical United States manufacturing exporter sells to less than five buyers in overseas markets. Many people may assume that the responsibility of meeting the ambitious export goal lies in the hands of large businesses and in America. While partially true, there are other businesses in the United States that are already stepping up to the challenge. These businesses are the small businesses all over the country that are being driven by entrepreneurship, creativity, and hard work.
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Two years after pulling its search engine from main land China, . The original disagreement between Google and Chinese officials started after Google traced a cyberattack to Chinese hackers. The hackers attempted to not only steal proprietary computer code, but also attempted to spy on Chinese activists' Gmail accounts. Although officials denied any connection to the hackers, Google moved its search site to Hong Kong where censorship requirements are not as strict.
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While cities and industries around the world have been displaying a great deal of resilience in tough economic times, small businesses also have the opportunity to accomplish this. Almost every day businesses overcome a variety of obstacles and setbacks in order to operate successfully. In fact, in a world, small businesses may have greater access to foreign markets and the latest technology but that also means these businesses are connected to potential disruptions in the global economy. These small businesses also have the problem of facing increased competition from larger businesses. However, just as or can bounce back from economic hardships and natural setbacks, small businesses can do the same.
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In a year plagued by economic uncertainty, natural disasters also made their mark on global markets in 2011. Shattering the previous record of $262 billion worth of economic costs in 2005, in Japan, Thailand, China, New Zealand, Australia, and the U.S. cost the economy $378 billion. The deluge in Thailand alone, which cost the country $40 billion, J.P. Morgan estimates set back global industrial production by 2.5%. Looking towards the future, as the world’s population and economic output continue to migrate towards global centers located in vulnerable areas, such as Shanghai or Kolkata.
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The storm caused by the European Debt Crisis has loomed like a dark cloud over much of the world. But certain sectors of the economy, the in particular, have weathered the turbulent markets. It is the rise in purchasing manager indexes for the , , , , and , coupled with the decrease in unemployment that make economists suggest a boom in the export of cars and machinery for the coming year.
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Attention international business professionals – Kwintessential has recently released a free iPhone app designed to easily compare cultures. This app will assist you in your international travels by giving you tips and pointers about various cultures. Check out all the details , and more on the Kwintessential . Thanks!
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While the recent global downturn has had a major impact on many national economies, the weakened economic setting has also negatively influenced many city centers throughout the world. It is important for these metropolitan areas to be resilient to changing economic times. of great economic resilience in tough times comes from the county of West Yorkshire, .
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The global economy has certainly taken a hit recently. The global downturn has not been easy for countries or companies to deal with, but still there are inspiring success stories that encourage us to keep pushing on. In hard times, focusing on these successes can be a great way to spur growth. This week in our blog series we will share some of these encouraging stories.
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This past year the United States passed . Both these countries represent key markets in Central and South America. In fact, is the third largest economy in South America while is a major maritime and air transportation hub. There are many potential opportunities for international businesses in these countries. To find out more information on the business climate, market opportunities, and finance in both Colombia and Panama, there will be a hosted in February by the U.S. Commercial Service. The webinar requires a paid registration and also provides details about the benefits of the United States free trade agreements with Colombia and Panama.