All Posts (1239)

COVID-19 Impacts on Global Business

https://www.forbes.com/sites/sarwantsingh/2020/03/02/impact-of-the-coronavirus-on-business/#6fe2c57d4414

 

It is clear to everybody how much an effect the Coronavirus is having on their everyday lives, the economy and travel. When I saw this article, I found this very relevant to post because our lives have also been effected by this by not allowing us to return back to New Haven.

 

Fear surrounding the impact of COVID-19 on the global economy has hurt investor sentiment and brought down stock price

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The new phase of globalization is digitalization. Indeed digitalization has helped to change globalization into a new age in which it will offer numerous opportunities. Over the centuries, globalization was based on trading goods; however, with the innovation in technology, trading goods are still heaping in a different way. For example, E-books, applications, music, online games, and video streaming services all considered to be part of global trading. Digitalization has changed globalization t

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Why oil prices are crashing and what it means

 

Trading at around $30 per barrel, oil prices are at low points not experienced since the Gulf War in the early 90's.  The sharp decline in prices is attributed to a number of factors that are affecting the global economy as a whole. Chief of these factors is the current oil price war spearheaded by the Kingdom of Saudi Arabia and Russia. Negotiations between the OPEC+ (which is an alliance between the OPEC nations and Russia) to control the falling prices of oil, failed when Russia refused to c

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Revolutionary means I want to change the world (Ernesto Cardenal, in Elisabeth Malkin)

The passing of Nicaraguan poet, priest, artist, and activist Ernesto Cardenal on March 1, after I celebrated the news that the University had granted me tenure, led to a swirl of reflection and gratitude about how I got to this place in my life, how a first-generation college graduate from a place in Indiana where Amish buggies are more common than BMWs, became an expert in Latin American history. My journey,

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We live in a world where digital is now everywhere. Despite broadly using and benefitting from technology, people are expressing concerns about how it is used and what it is used. On the other hand, models that companies have been relying on for decades are becoming roadblocks, demanding companies’ leaders to rethink core assumptions about how an enterprise works and redefine the intersection between people and technology.


According to Technology vision 2020, 76% of executives agree that organ

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The coronavirus has recently spread to Europe and caused Italy to rise its Warning Level to 3. This means that it is highly advised not to travel to/from this country. Italy is spiraling towards Level 4 which would mean that the country is essentially a ‘no fly zone’ and no one should be travelling in or out of the country. Capital Economics, a London research consultancy projected that the “economic effects of a severe pandemic could be as bad as those of the global financial crisis” (Lynch & W

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On Friday, February 28th at the Air Warfare Symposium in Orlando, Florida, Elon Musk predicted that the Chinese ecomony could surpass the US economy by two or even three times. He had also made the claim that economics is the foundation of warfare and that if the US cannot keep up with China's economy, then the US would have to take the lead in terms of innovation. Currently, the US economy is on top with over $21 trillion GDP while China is gaining with just over $14 trillion. Contributing fact

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Coronavirus Causes Market Decline

             During the week of February 24, 2020 to February 28, 2020 the international stock market saw the largest decline since the financial crisis of 2008.  The S&P 500 fell nearly 11.5%, the worst it has been since the 18% drop off in October of 2008.  This significant drop is assumed to be due to the Coronavirus which has effect primarily China and is now spreading around the world.  As the virus continues to spread, countries will begin to restrict their borders in an effort to avoid th

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Effects of Technology on Business Communications

 

As technology continues improving, the international business communication barriers have begun to be a part of the past. Until the early 70’s, business’ would communicate internally and externally using formal business letters where mail would be the only form of communication. Now, computers have facilitated the way business’ interact with people. Computer technology systems such as email, skype, or automated voice systems have allowed humans to interact from anywhere in the world within seco

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International businesses have changed throughout the years due to the revolution of technology. These changes have increased the competitive advantage for business, which will lead to a prosperous economy. Digitalization is the future of the global economy and society. Digitalization has reduced the errors in the products and services, which will lead to a competitive advantage for the company. Kolbenschlag, Michael (n.d.) stated that companies could lower their risks by using the benefits that

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Economics of the digital revolution

It is no secret that the digital revolution is impacting everything in our world. All aspects are being changed " from economy, innovation, science and education, to health, sustainability, governance, and lifestyles." Now it is up to us to decide whether this is good thing or a bad thing. Of course things like automation and robotixation are doing wonders for productivity but is it harming the human aspect? Just because things are being done more efficiently, it does not mean the income of the

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In my International Business class this week we discussed culture within countries. I brought up in class the fact that gender equality is part of culture within other counties. This is something that is very important to know before trying to do business with a country. One way to determine the gender equality is by figuring the gender pay gap. The gender pay gap is the difference in pay between men and women, this also captures the worker education, experience and occupation. When the gap is c

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The View from Estonia

Last week, I attended a talk by the Estonian Ambassador to the United Stated, Jonatan Vseviov. I traveled to Lithuania, Latvia, and Estonia, the three Baltic States, in 2016, and was very impressed. I was interested to see what the ambassador would say. It was one of the most interesting talks I have ever attended, and I learned a great deal about transatlantic security. Ambassador Vseviov, unlike many ambassadors, was not a lifelong diplomat or political donor but a bureaucrat who rose through

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European leaders are pushing for the global rules of taxing of digital giants a top priority of the world’s financial leaders. Some of these digital giants include the companies often referred to as GAFA: Google (Alphabet), Apple, Facebook, and Amazon. This upcoming weekend from February 22nd to the 23rd, many financial ministers alongside central bank governors belonging to the 20 biggest world economies (G20) are expected to come together in Riyadh, Saudi Arabia in order to discuss the issues

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One of the issues businesses that operate internationally have to deal with is the varying laws and policies across different nation states. The United States for instance has the Foreign Corrupt Practices Act(FCPA) which is a law passed in 1977 listing prohibitions against bribery by U.S. businesses and individuals to foreign entities in a bid to promote and secure business deals. The law is also applicable to non-American businesses listed on US stock exchanges or have operating subsidiaries i

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A new piece of protectionism legislation aimed to take effect on July 1st of this year will now require that all computers and mobile devices sold in Russia will need to have pre-installed Russian software. This would require foreign companies to now pre-install a web browser developed by Yandex alongisde other applications. What this would mean is increaed costs for licensing fees and technological developments at the companies' expense. This new piece of legislation will affect companies such

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A comparison between USA and Sweden of the Financial crisis 2008 

It was the 15th of September 2008 and the influential investment bank, Lehman Brothers went bankrupt. This was the beginning of the worst financial crisis since the great depression in 1929. This was the beginning of a crisis that led to a drastic increase in unemployment.

In 2006 the unemployment rate was at 4.7 percent according to the Bureau of Labor Statistics (BLS) and in 2009 it was at above 10 percent. In 2011 it was still at

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Trade War

In this particular article I've read, it discussed the trade war between China and the U.S up until this point. Many people are uneducated on the matter of what is happening so the article aims to answer questions that are key to understanding the situation as whole. It states that the reason we are engaged in this trade war is mainly due to tariffs. Trump believes that imports from China are hurting the U.S economy in the long run. In order to combat the situation he has decided to increase the
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The Trump administration said late Monday it is thinking about imposing tariffs up to a hundred percent on around $2.4 billion of French items in retaliation for France's new tax on digital services. In a statement, the U.S. Trade Representative's workplace stated the French law "discriminates towards U.S. companies" along with Alphabet's GOOGL, -0.01% Google, Apple Inc. AAPL, -0.32% , Facebook Inc. FB, -0.23% , and Amazon.com Inc. AMZN, -0.20% . "The USTR is centered on countering the growing p

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Saudi Aramco IPO

 According to people familiar with the matter, Saudi Arabia plans to valuate between $1.6 trillion and $1.8 trillion. Bank analysts working on the transaction gave wildly divergent estimates: Goldman Sachs Group Inc. said Aramco was worth between $1.6 trillion and $2.3 trillion to investors. Bank of America, another top bank on the offer, had only $1.2 trillion at the bottom of its scope. BNP's projection was $1.42 trillion. Despite Aramco hiring more than 20 banks at its IPO, investors have few

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