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globalEDGE Blog - Page 243

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As the demand for is expected to grow by double digits in the upcoming decades, the search for the right energy source to fulfill this demand has begun. The serious problems at the Japanese nuclear power plant have raised major concerns about the safety of nuclear energy and new exploration for oil has yet to resume in the Gulf of Mexico after last year’s massive oil spill. Coal has had similar bad luck as coal plants have been used more cautiously due to their contribution to global warming. With these three energy sources ruled out, natural gas is looking like a top candidate to fulfill future energy demands.

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Social media has became an extremely important business trend worldwide. It took time for social media to morph from purely a social tool into a business tool, and the transition into the classroom has had its challenges as well. To many professors the words Facebook, Twitter, and YouTube probably provoke some form of frustration. Until recently, social networking sites like these meant nothing in the academic world except distractions. Now, with the business prevalence of social media becoming more apparent, many business schools are starting to see the importance of .

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The security of shipping containers is a very sensitive issue internationally.  Since the smallest margin of error can lead to a devastating act of terror, policymakers want to do everything in their power to guarantee the safety of products shipped across the ocean.  The port of Los Angeles alone received 330,000 containers in January.  The risk of one dirty bomb getting past cargo inspections led the United States to pass legislation stating that every container entering the country must be scanned for weapons.  Is this practical, or is it an unreasonable expectation for security officials to execute? 

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Across the world there are many emerging economies that provide excellent opportunities for businesses looking to invest in these countries. In the , there is one emerging economy that is of particular importance. The country of has the largest economy in the region and is in the process of accomplishing a major milestone. Soon, Turkey will enter the group of $1 trillion economies and with this major economic growth, Turkey is certainly considered a significant emerging economy.

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When most people think of emerging markets they instantly think of the most famous four: China, India, Brazil and Russia. All have had staggering economic growth in recent years and continue to have great prospects for the future. However, are these necessarily the best countries for your business? The by MSU-CIBER gives entrepreneurs an alternative to guessing by offering a comprehensive ranking tool that helps answer the question, “Now What?”

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Oil is quite possibly the single most important commodity in the modern world economy.  Those countries with abundant sources of the valuable substance are in a strong position to trade with producers around the world who cannot do business without it.  CNBC has put together a list of the top fifteen countries in terms of confirmed oil reserves.  The ramifications of this list are much greater than they may initially seem. 

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Recently, we've discussed a lot about oil prices and the factors that drive those prices up.   Increased commodity prices are not just isolated to oil or to the Middle East region.  According to a recent , Japan is getting ready for jumps in food prices as well.

Thanks to significant global price increases in wheat and corn, is likely to take a significant hit.  The issue is further complicated by high tariffs imposed by Japan on agricultural imports.  The dynamics of global commodities have taken on new facets with the increased interdependence of regional economies.

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Over the last 100 years, transportation has taken some significant leaps.  With the invention of the car and its proliferation to countries around the world, individuals were empowered to go where they wanted, when they wanted.  However, as the boundaries of distance decreased with an increase in vehicle quality and reliability, so did the world’s desire to travel even further and at greater speeds.  The latest potential advance in human transportation is the proliferation of high-speed rail.

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Everyone has been hearing about it lately.  Look at any news site and it will be the top story if not many of the top five stories.  Ever since Mohamed Al Bouazizi set himself on fire in December to protest ’s economic situation, revolution has been spreading across the Middle East.  These conflicts are demonstrating how some of the world’s smallest countries can have great effects on the rest of the planet.

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Valuable copper, gold, and coal deposits enticed to put $1.4 billion into the economy in 2010.  As production in expands, Mongolia is well positioned geographically to capitalize on demand for raw materials.  Although small in terms of population, Mongolia saw its national currency (the tugrik) outperform any other global monetary unit over the last year.  Will this upward trend continue, or will Mongolia fail to capitalize on a promising opportunity for economic growth?