As the benefits of international trade increase, search around the globe for reliable markets that provide vast opportunities for exports and foreign investments. Over the past years, has proven to be a very important and dependable market for U.S. exporters.
globalEDGE Blog - Page 245
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A by the U.S. Census Bureau highlights the U.S. Trade deficit for 2010. This report is very straight-forward and shows the change in the trade balance throughout the years. As most everybody knows, the U.S. has been running a large trade deficit (i.e. they have been importing more then they export) for several years now. The report gives us a good starting point to understand where the deficit is coming from and some of the reasons behind it.
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After 42 years as the world’s second biggest economy, Japan officially neighboring China in 2010. Many projections indicate that China will go on to surpass the as the world’s largest economy by the year ÎÚÑ»´«Ã½.
It is hardly surprising that the world’s most populated country would pass its tenth largest. maintains a significant lead on China when population is accounted for in per-capita measures of wealth. Regardless, this does draw attention to recent economic struggles in Japan. Several indicators of the nation’s economic well-being have recently fallen and Standard & Poor’s went as far as to downgrade the Japanese credit rating from AA to AA-.
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Retailers around the world are beginning to test new strategies that are designed to strengthen their brand and increase their relevance to customers. One strategy that is gaining increasing popularity around the world is – read more about it in February's Newsletter. Another strategy being used by clothing manufacturers is producing their products using Fair Trade principles.
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Valentine's Day, contrary to popular belief, is a holiday filled with history and tradition worldwide. There are several different legends that surround Valentine's Day and Saint Valentine himself. Legends vary from culture to culture, and so do the traditions and the ways that the holiday is celebrated.
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The protests in have taken over the media for the past few weeks. People have been treated with viewings of thousands in Tahrir Square calling for the resignation of President Hosni Mubarak. With Mr. Mubarak announcing that he is today, I’m not going to spend too much time talking about the implications of that particular uprising. Instead, I’d rather talk about the reasons behind the uprisings and some of the consequences that it may have in the Middle East.
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Last week we talked about , and specifically ways to help alleviate poverty in the poorest of areas. A topic that’s closely related to microfinance, but in some ways a better option is micro-franchising. It’s basically business ownership training. It is not only for developing counties however, it can be used for the poor in cities of developed countries as well.
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Are you familiar with the free webinars on the Basics of Exporting provided by the U.S. Commercial Service? These webinars have been especially designed to meet the needs of new exporters. There is no fee to participate, although registration is required. Each webinar will begin at 2:00 p.m. EST and will last one hour. Content will include slides, live audio, and question-and-answer sessions with international business experts.
The newest upcoming webinars are:
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As much of the has struggled to make ends meet during the recession, Germany has embraced global importing and exporting through a variety of . The country’s 3.6% growth in GDP over the last year can be attributed to a variety of factors in a time when the rest of the Eurozone barely topped 1% growth. During this same time period, exports from jumped by 21.7% including a 17% increase in sales to .
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In 2001, global economist Jim O’Neill labeled , , , and as the premier emerging markets of the world with enormous economic potential. The mainstream BRIC acronym was applied to these countries and the hype surrounding these countries was well deserved. Over the past decade, the countries have contributed to over a third of world GDP growth. Recently, Jim O’Neill named the next tier of large emerging economies using the term MIST – or , , , and .