There has been much recently about rising inflation rates around the globe. The euro zone had an inflation rate of 2.2% in 2010, while China's rose 5.1% from November 2009 to November 2010. Many people fear that a surge in inflation could have an adverse effect on the recovery efforts of many economies. But what exactly is inflation and how does it affect an economy?
globalEDGE Blog - Page 247
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Although hiring of has suffered during the recent recession, it appears that the tides of good fortune . As consulting firms, investment banks and other top employers commit to aggressive hiring targets, many graduates are gaining confidence in their ability to land an ideal position. While some of this wave may be attributable to an improving economy, innovative new outreach programs are also finding desirable jobs where they have never been found before.
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After the of the Renminbi (Also referred to as the yuan) to the dollar mid-way through last year, China has surprisingly started to increase the flexibility of the Renminbi and is actively encouraging the globalization of the currency. Much of this change has come for two reasons. The first is as China has become the world’s second largest domestic economy, the need for a globalized currency becomes exponentially more important. Also, on the Renminbi and China, especially from the U.S., have started to force change.
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Are you or your boss scared of starting to export products internationally? Are you afraid of dealing with culture barriers (especially in client meetings)? Do you want to expand your business globally to reach the 95% of consumers who live outside the U.S., but are just not sure how? If these questions sound pertinent to your business, then the U.S. Commercial Service is here to help you.
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A global recession did very little to slow down the demand for one of life’s more entertaining sins: gambling. The only difference now is how they’re doing it and where they’re doing it. Macau, China has been flexing its increasing dominance in the gambling industry and local and state governments are increasingly pushing to legalize gambling as a way to increase tax revenues. Some states are even using mobile computing to allow gambling on the go!
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Bad weather can have devastating effects on a business. In the last year we saw massive floods, earthquakes, and snowstorms. Such events caused disruptions in transportation and infrastructure, which in turn created obstructions for workers and the end result was that global businesses incurred large costs.
It is easy to see why many companies - especially in the logistics business, invest heavily in weather forecasting. Different types of weather technology help businesses manage risk imposed by natural disasters. The following BBC video provides examples of how technology is used to aid businesses:
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In Kabul, Afghanistan the established the new American Chamber and named Dom LaVigne as its first executive director this past November. Dom LaVigne, former executive director of the American Chambers of Commerce in Singapore and Malaysia, to discuss the many opportunities for business in Kabul.
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Incoterms are standards for international trade that provide a consistent interpretation of agreements included in global business contracts. Every ten years, the makes updates to the standards based on changes in the global business environment. As of January 1, 2011, the new Incoterms 2010 are . The listed below are a reflection of widespread changes in international business markets over the past decade.
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With being one of most important trading partners, the two have created a whole lot of business and money-making opportunities for both countries. No person knows this more than Eike Batista, a Brazilian tycoon that is now the eighth richest man in the world, with a wealth of $27 billion. He’s gotten there quickly, thanks in large part to China.
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The Wall Street Journal had a very interesting piece for their “” this past week. It reflected on the cultural differences in parenting styles; written from the perspective of Amy Chua – a Chinese mother who is also a professor at Yale Law School. While it is written to contrast mostly American parents, I believe (and so does the author) that the article can be viewed from a completely global perspective.