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globalEDGE Blog - Page 258

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Following the recent financial crisis, many people are blaming the large almost solely for the collapse. Many feel that the banks must split their commercial banking divisions from their investment banking ones. People think that the banks should not be allowed to use the money they hold for customers in speculative investments for the bank's potential profit. Do these concerns sound familiar?

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Exporters often want to know: “Does my product need a license before I can sell it to an overseas buyer?” The answer is often “no,” as 95% of goods shipped from the U.S. don’t require a license. But exporters must do additional due diligence to make sure their goods are not sold to denied parties. In a produced by the U.S. Trade Information Center and Foreign Trade Statistics, the basics of export regulations are presented in a clear and engaging way. The series also contains videos on how to use trade statistics to pinpoint best markets and the role of freight forwarders and letters of credit in the export process. According to video team leader Doug Barry, there are now 20 short videos to help U.S. companies successfully participate in the National Export Initiative.

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Did you know that by creating a building with a “green” design you can save 72% more energy, compared to a standard design? There is a great opportunity happening in with green energy and building design. Of all the markets in the world, China is one which can leverage green building design more than most others. With the amount of new construction occurring over the next ten years, the country is poised to take advantage of significant overall energy savings, while reducing their carbon footprint. In fact, it is projected the China will add 20 billion square meters of buildings in the next ten years.

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While many and airlines have been floundering, the airline industry has been soaring and is expected to continue to grow into next year. New non-stop flights, frequent flier miles partnerships and alliances of airlines have propelled the in Latin American countries. While much of the globe has been hit hard in the airline sector, the International Air Transport Association expects Latin America to thrive.

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As a second-year MBA student, I am constantly scanning the internet for articles and opinions about the future hiring prospects of people who earn a graduate degree in business. I recently came across a particularly interesting about veterans of the Israeli army. The article asserted that veterans of the Israeli Defense Forces (IDF) not only have skills for combat, but are equipped to address everyday problems of regular consumers. Many of these veterans are valued for their strong values and ethics in the private sector. So, how is the MBA viewed out there in the international community? Is it worth the time and money?

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An article by the Huffington Post investigates the . The top ten list includes ; ; ; ; ; ; ; ; and .

According to the article, “Living in Linfen, China, is equivalent to smoking three packs of cigarettes a day”

“In 2003, Dzerzhinsk, Russia’s death rate surpassed its birth rate by 260 percent.”

“Phoenix, Arizona, United States is 2010's worst place in the United States for year round particle pollution... a mix of dust, soot and aerosols.”

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In a challenging economic environment, young professionals and recent graduates across the globe are forced to think of new ways to enter the workforce.

In the , some are taking an . These entrepreneurs recognize that what they are doing on the side can create revenue – running a website out of their home or offering social media marketing consultation – and can be performed anywhere in the world with anyone, at any time. They toss the security of a paycheck and good benefits at a place that is now considered a boring place to work.

In the , graduates are trying to . They are encouraged to find a market shortage and then gain the skills to fill the gap.

In , the story is different. The economic future looks (arguably) optimistic – China boasts more than 10% growth on average. The problem is that China is providing more than 6 million college graduates a year and the economy is not producing the number of jobs demanded by the graduates. The video below is a great 6 minute documentary on the issue, especially for to broaden their interests and expand their resume.

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currently exists as one of the most desired markets in the global business world. With E-Commerce on its current rise globally, the key then, is finding a way to reach China’s online customer base. As of 2009, China had roughly 384 million internet users, and that number is expected to hit 650 million in 2015. It’s safe to say that many online retailers around the globe are to penetrate China’s market. The best way to do this is to gain a better understanding of the consumers they’re trying to sell to.

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Last week I had a unique opportunity to hear the Korean Ambassador to the United States, Han Duk-soo, speak at a luncheon in East Lansing, Michigan. The event was sponsored by the . The ambassador has been traveling to various locations throughout the Midwest to tout the benefits of passing a (FTA) between the United States and . Currently, the agreement has been tabled by Congress due to other higher priority matters.

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It can be done! Creating jobs back home while increasing sales overseas is possible and United Solar Ovonic has proved it. United Solar Ovonic is a based company that creates and exports solar panels and has recently begun a with United Solar Ovonic Jinneng in . They develop lightweight, flexible solar panels. They are great, not to mention green, energy producers so it’s no wonder that this business has been booming.