is one of the poorest nations in the world. However, they have seen GDP growth in each of the past 7 years. One of their major businesses is livestock, but recently they have been due to animal smuggling. Livestock is an essential part of Ethiopia’s economy. They exported about $53 million worth of animals last year, but unfortunately, criminal activity is cutting into the small country’s profits.
globalEDGE Blog - Page 282
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Now-a-days, Starbucks isn’t the only place you can go to grab a cup of joe. McDonald’s McCafés can now be found all over the globe offering a multitude of delicious, caffeinated beverages. This chain was created in Melbourne, in 1993. Ten years later, in 2003, it grew to be the largest coffee shop brand not only in Australia, but in New Zealand too!
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Lastly, we have the city which won the bid to host the 2016 Olympics: Rio de Janeiro, ! The historic selection of Rio makes it the first South American city to ever host the games, and the second ever to do so in Latin America. To better understand the effect the Olympics could have on Rio, it is important to examine the various facets of Rio and its diverse economy.
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For the second consecutive time, the International Olympic Committee has rejected Madrid as the site of the Olympic Games. Despite this minor set back, Madrid has an enormous amount of positive factors that make it a great place to do business.
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Chicago was one of the four locations being considered for the 2016 summer Olympic Games, unfortunately it was not chosen and was actually the first to be eliminated.
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Tokyo was unsuccessful in becoming the host for the 2016 Summer Olympics but it is a city known for its success in many other areas, business in particular.
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Congratulations to the city of for being selected as the host city for the 2016 Summer Olympics Games! This will be the first time that the continent of South America will host any Olympic Games. With all the buzz surrounding this topic, we here at globalEDGE thought it would be great to do a series on each of the final four candidates that were chosen from. Each day next week we will dissect Rio de Janeiro, Tokyo, Madrid, and Chicago to show what makes them an international business hotspot. We hope you tune in next week for some amazing insights on four very diverse economies.
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Many people across the globe wake up every morning and require coffee within minutes to function during the day. The caffeine gives a kick-start to the long day at the office, in class, or wherever you may be. However, imagine waking up to a that can give you more than half the caffeinated zap of coffee plus tons of antioxidants and fewer jitters. I’m not asking you to totally end things with your old love, but simply, see other… beverages?
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Since 2002, The Economist has been measuring house-price data for 20 of the largest players in the world of global business. They recently compiled this information and incorporated it into an interactive graph which can compare various house price indicators between countries. It measures: house price index, prices in real terms, prices against average income, and the overall percent change. Check out the !
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The damage the stronger yen is causing to Japan's export reliant economy has been large. The new government in took an anti-interventionist policy, which has caused speculators to strengthen the yen even more. It made sense when the Japanese economy was healthy, but now with deflation and a decline in exports, an intervention is just what they need. While the cheaper imports are good for the consumer, Japanese Finance Minister Hirohisa Fujii sees this steep increase as signs of trouble. His concern may weaken the yen, making it easier for companies to export. While between the U.S. and China is a concern, the yen will keep increasing unless an invervention occurs. This short video explains the situation a little better.