The club of emerging political and economic powers of Brazil, Russia, India, China, and South Africa in response to new global challenges is famously known as BRICS. Since its inception in 2006, it has been a platform to highlight the prominence of multi-polar world order challenging the collision of G-7 members.
These five countries account for 20% of world GDP and 40% of the world population. Further, they hold 40% of gold and hard currency reserves. Being collectively the largest market, their cumulative GDP has tripled in the last ten years.
China is the second largest economy in the world and as such, its economic and trade environment is always at the focus of economists.
Recently however, China has found itself even more at the spotlight than usual, with the hottest topic for anyone with a remote interest in economy being the ongoing “trade war” between China and the USA.
It is not an easy time to be an internationalist, to seek global solutions to global problems amid what feels like one of history’s periodic inclinations toward divisiveness. Yet, ironically, we’re on the verge of a new age of interconnectedness, when the daily lives of people across the planet will be more closely intertwined than ever. Advances in technology will usher in the age of fifth generation, or 5G, telecommunications. And, if past is prologue, this technological evolution will lead to dramatic societal changes.
Israel’s economy has undergone several transformations since its founding. Oranges symbolized the country’s exports until the 1970s. Textiles also played an important role at the time. Now the high-tech boom that Israel has been experimenting for about two decades has the potential to make it one of the best places in the world for the productive sector. As a country so small, smaller than the Brazilian state of Sergipe, in the northeast region, can be benchmarked in innovation, science and technology? And what can you learn from Israel’s management model that can impact the way you run your business overseas?
It is expected that e-commerce will become the largest retail channel in the world by 2021, beating sales of supermarkets, grocery stores, clothing stores and footwear. Experts believe that e-Commerce will respond alone to 14% of the world’s retail. Among the poles, the Asia-Pacific region leads online sales that already represent 17%. China and South Korea are the main drivers of this movement there. The United States and Canada together, already reached something around 15%. In Western Europe, consumer behavior varies widely, so e-Commerce is not yet the flagship of retail sales. The UK has been a major player in online consumption, followed by Denmark and Finland. Therefore, international strategies should be designed by region, country and category. If you are thinking to export, check it out the 6 (six) major trends in e-commerce worldwide.
Yemen is four years into an unprecedented civil war. The fighting left the country, which was already one of the poorest among the Arabs, on the verge of a hunger crisis which, according to the United Nations, affects up to 14 (fourteen) million people. The NGO Save The Children believes that about 85 (eighty-five) thousand children under the age of five have already died of malnutrition in these four years. In addition, the economic capacity of the Yemenis is “nonexistent”. Throwing light on the issue is essential for people throughout the world to realize how serious the situation in Yemen is, and the consequences of what is already the worst humanitarian crisis on the planet.
With the world going through the biggest energy transformation since the industrial revolution, there are well-known and hidden heroes leading the way during this paradigm shift. Renewable energy comprises a fundamental of the global energy landscape transformation. More than 170 countries have established national renewable energy targets and more than 150 countries worldwide have formulated policies to catalyse clean energy investment. According to Climate Action, an UK based global media platform, the leadership of the renewable energy, however, depends on the perspective. Some countries are considered leaders after having incorporated a high share of renewable energy sources to their energy mix. Some lead in clean energy investment, and others in technological progress contribution. Here are five countries which have helped lead the way in this field.
Taking a proactive approach to internationalization makes companies more robust and potentially more successful, with a far greater client base and more scope to expand. While internationalization typically denotes big business carried out on a global scale, even the smallest companies can internationalize successfully with limited resources if they play their cards right.
Two years have passed since the UK voted to leave the EU, and the uncertainty the referendum result unleashed has only intensified the closer we get to Brexit.
The market for the plant materials used in health and medical stuff, produced without harmful chemicals or pesticides, has been rapidly increasing in many countries. The uttermost reason might be that consumers are becoming more and more health-conscious.