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Global Economy Challenges

Globalization is increasing daily, and the world economy is operating at a higher level of interdependence than ever seen before; however, this does not mean that there is equality amongst countries. The rapid growth of the global economy has left many countries on the outside looking in. Those countries that are considering developed, primarily European or North American, greatly outstrip the developing world. This article attempts to develop a method of comparing these developed countries…

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Citigroup Deals With Brexit

Citigroup in the EU

            Citigroup is making a move to keep a presence in the European Union. They have a presence in London already. However, since Britain has been moving toward what many are calling “Brexit”, the multinational bank has decided to move some of the employees from this London location to a location in Frankfurt. This marks an important management decision to keep the ability to operate and provide services in the European Union should they tighten…

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Businesses face benefits and challenges in today’s global economy. I share an article that is how to tackle the 11 biggest challenges for international business. Based on the article, I share my comments on two challenges.

When entering a new or unknow market, a closer look at economic and political system is top priority (News, 2017). MNEs must face different system in different country. A country’s economy system is dominated by its political system so political risks is the main…

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The U.S.-China Trade agreement

Due to globalization, countries are becoming increasingly interdependent. Today I would like to discuss the two leading countries that drive the global economy, US and China.

China is attempting to increase economic independence in Asia through its One Belt One Road (OBOR) initiative where it plans to build infrastructure throughout China, East Asia,  SouthEast Asia, and Europe for trading purpose, to expand its economic leadership in Asia.  The initiative is also recognized by the US,…

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I mentioned this briefly in one of my discussion board posts in INTB 6644, but I think it is important to talk more about this massive initiative being put into place by the French government. The French government has put into place initiatives that are pushing for main three goals:

  • Eliminate the sale of gasoline and diesel-powered vehicles by 2040
  • End oil and gas exploration on French territories
  • Eliminate coal-fired power plants

This is an important…

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An article posted by Sherisse Pham and Matt Rivers on CNN tech states how China being the world's largest polluter is now surging past the U.S. in renewable energy. This follows President Trumps announcement that the U.S. will not be participating in the climate change agreement with the excuse being that it would hurt the American economy. I really need someone to tell me how? and should we be worried?

I wonder how can China the country that produced more coal than some countries…

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In the Summer II course INTB 6644, there has been a lot of discussion on the global economy and how countries are so globalized it’s hard not to be interdependent.  In the recent months, President Trump has expressed protectionist and isolationist policies when it comes to international trade.  On the other side of that coin, German Chancellor Angela Merkel is pushing free trade.  While President Trump has cut back deals and even cancelled some, like the Trans-Pacific partnership, the…

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As we have all known for a while, President Trump has been planning to build a wall that borders Mexico and the United States.  There has been much talk on whether or not it would happen and how it would even be funded.  Recently, engineers have begun preparatory work to build this wall.  Some will argue that it is a good idea and others will argue that it isn't.  Some work that have already been done include negotiation for funding, drilling, and testing soils to see what the most effective…

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INTB 6644 - Global Economic Risks

Ever since the financial crisis, there has been slow economic growth.  Overinvestments and government restrictions have been a reason for that.  More recently, we are witnessing a higher pace of economic growth.  However, we are also experiencing numerous global conflicts.  That being the case, I'm going to summarize the below referenced article from Dun & Bradstreet on the major global economic risks this year.

First are people that want to protect their global trade policies. …

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Culture and Climate Change

In the second week of the Summer II course INTB 6644, the impact of the Trump administration and its decision to withdraw the U.S from “Paris Agreement” was raised. The discussion included the influences of cultural differences, societal differences, ethical and value systems and the impact these factors can have on cross communication. Although culture is always evolving, the recent change in the administration has changed how the U.S views the challenge of climate change and how the…

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China Making Strides Towards Clean Energy

Recently in our Summer II course INTB 6644, globalization, climate change and culture have been the main talking points in our class. This article discusses how China is making strides in the advancement towards green energy, and how that reflects on the rest of the world,  in particular, the cultural values of the country as a whole. According to the article, China, a country previously known for its coal industry, is pulling back on it and instead, investing hundreds of billions of dollars…

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UNH Economics Collective (Violette, Jason)

In the current Summer II course, INTB 6644, Dr. Chereau began the forum discussions with dialogue surrounding digital globalization. The below referenced article discusses the strides smaller nations have taken in recent years regarding "relative digital momentum." An interesting piece of the article refers to the United State's inability to expand its digital infrastructure due to significant under investment. In comparison to smaller nations, the shear size of the United States prohibits…

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Technology & the Global Economy

Technology has changed our lives and world, as we know it. We can communicate with one another with ease, at any time, from anywhere. While technology is undoubtedly a great thing, it can be a definite challenge when operating in a global economy. It is important to think of technology in two ways: a resource and a market for business.
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The fate of global economy always impacts how you do business in an international environment. Even at the small entrepreneurial level of business, you need to operate under global economy at some level. Security is always the first priority of every business while the world is facing the global environmental issues. There is much different complexity involves in global economic issues like foreign laws and tax exemptions. Local…

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Amazon's earnings point to international expansion

There has been an increase in attention towards the international expansion of Amazon’s marketplace. In an article published by Business Insider mentioned that Amazon is rapidly growing in international territories, specifically India, where it “grew 46% YoY in Q1” (Camhi & Pandolph, 2017).  The article also mentions that Amazon intends to purchase “Souq.com, a major e-commerce player in the Middle East” (2017). This growth is substantial and insinuates that the company is expecting to…

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          In these days, we live in a world that depends on global economy. Global economy connects people and companies around the world through the exchange of goods, services and information (Global Economy module: Conceptual Framework;2011). Global economy has existed for a long time, and has been expanding every day; it has expanded due to several factors,…

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Issues Regarding an Interdependent Global Economy

Economic globalization is the linking of places through activities such as production, trade, and consumption (2011). As nations become more integrated in global trade, the growth of these nations economically become more dependent on each other.  There are also some issues with this globalization effort. As the world is becoming more unified in the form of trade, we are also losing sight of our national economies. Each nation is dependent on others. For instance, the Japanese economy is…

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Summer Update

Hi All,

First off, here are my pictures from my travels this summer: http://unheconomicscollective.ning.com/photos

Been a while since I've posted.  Busy working on my SURF project with A Rod, where we are running a naive bayes analysis to predict box office performance of upcoming movies. Actually, this is based on a previous study A Rod and I did for the Oscars last semester, and it proved…

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In a perfect example of the complexities involved in operating globally, an article from Reuters explains the difficulty Starbucks is having operating in a country who's primary religion is Islam. These difficulties are directly related to the organizations stance on LGBT Rights.  Starbucks has publically stated multiple times that it supports international LGBT Rights. However, according to correspondent Ebrahim Harris, this stance may be bad for business operations in Indonesia and…

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July 2017 Connecticut Sentiment Index

The July Connecticut Sentiment Index barely budged from its June level, inching from 57.7 to 57.9.  By contrast the University of Michigan Survey of Consumer Sentiment Index declined (-2.1%) between June and July. Survey of Consumers chief economist Richard Curtin attributes the decline primarily to fading expectations of a continued Trump bump.  Recall that the Michigan Survey is a…

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