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Five years later, the devastation of the Haiti earthquake can still be felt throughout the country.  Cities are densely packed and the construction of new buildings is progressing slowly after approximately $8 billion in damages were done to the city, leaving about 1.5 million people homeless. Although $9 billion was pledged in relief money, about 3 times Haiti’s annual budget, unemployment and corruption are still extremely common throughout the country. In order to continue the process of recovery, Haiti will need more than just philanthropic efforts. Improvements in the education system, business environment, and infrastructure through increased foreign direct investment and aid will play a key role in Haiti’s eventual economic revival.

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Since the Eurozone has been at a very low inflation level for quite some time and people have become more conservative in their spending, the issue of pushing the economy up has been raised by the European Central Bank. The ECB President, , “for growth to pick up, you need investment. For investment, you need confidence. And for confidence, you need structural reforms.” Then, a 60-billion-euro-a-month bond purchase program became such a structural reform last week. This blog will examine both the regional and international impacts of this quantitative easing policy.

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This past Monday, Standard & Poor’s Ratings Services downgraded Russia’s credit rating to BB+, also known as “junk”, for the first time in more than 10 years. This means that it is below investment grade, reflecting the country’s struggling financial position. The Russian economy has been thrown in a downward spiral because of intensifying pressure from sanctions from the United States and the European Union over the Ukraine crisis, and the steep decline in oil prices, an industry from which Russia derives much of its revenue from.

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Shortly following the coronation of the new King Salman of Saudi Arabia, the recently minted monarch quickly assured the global energy community that . The king's message directly contradicts with global expectations that the death of King Abdullah might lead to fundamental changes in Saudi Arabia's oil policy, but most analysts now agree that the royal family will resist any sharp changes in policy, especially as it tries to navigate multiple foreign policy challenges in the region.

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The for the International Business Center (IBC) at Michigan State University’s Broad College of Business is now available! In 2014, the International Business Center was reaffirmed as a Center for International Business Education and Research (CIBER), which is a competitive, four-year grant funded by the U.S. Department of Education. The report highlights the International Business Center’s accomplishments in 2014 and provides an overview of the services and resources the IBC has to offer.

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Recent investments by U.S. companies into Indian-based startups are proof that there are innovative tech companies in places some companies may have never thought to look. Startups in emerging markets are increasingly catching the eyes of foreign investors. As of 2013, only 15% of India’s population had internet access. However, this is a number that has more than doubled since 2010. As India and other emerging economies become better connected from a digital perspective, more and more tech companies will emerge.

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Is it possible that the newest form of ? If Iceland becomes more than just an example, but a leader in the energy industry, this new form of geothermal energy will no longer just be conversation. Currently, Iceland’s volcanic geography is contributing geothermal resources that account for nearly a quarter of the country’s electricity. While the world is currently dominated by hydrocarbon economies, taking a lesson from Iceland and tapping into volcanic geothermal sources could open access to a powerful renewable resource for the world.

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In part 3 of our global energy blog series, we discussed which countries could capitalize on the falling oil prices. For the fourth installment of the series, we turn our eyes to some of the environmental issues surrounding the energy industry, specifically the issue of carbon emissions. As climate change fears increase and become more urgent on a global scale, world leaders have been looking for solutions to reduce harmful emissions while avoiding the economic pitfalls that can be associated with taxes or regulation. One solution gaining popularity is carbon markets, which create carbon emission allowances that are given to businesses. These credits can be used or sold depending on the amount of emissions the business produces, giving companies an incentive to reduce their emissions.

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In yesterday’s blog post, we spoke of the how falling oil prices could lead to increased mergers and acquisitions in the private sector. This blog will focus on the public sector and which countries benefit the most from these low energy prices. Commodity pricing is as much an art as it is a science; the fundamentals of supply and demand clarify most of these fluctuations, however they do not properly explain the exaggerated influence prices. The saturated, oversupplied market is now creating volatility for producers, but opportunities exist for speculative nations looking to stabilize or expand their global economic footprint.

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The extremely low oil prices that have characterized the energy industry for the past few months are making waves all around the world. In some countries, low prices have been seen as a benefit; in others, not so much. A major consequence has arisen that will affect all nations regardless of economic status: . Historically, it has generally been the case that when there are low prices in the energy industry, mergers and acquisitions occur between bigger and smaller firms. Several plants and companies that originally profited immensely off of high oil prices, will now either have to severely change business strategies or be forced to relinquish control to more powerful firms in the industry.

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In the retail industry, holidays are often a huge source of revenue. Throughout the world, certain holidays have become a time for consumers to spend more money and retailers to make it. These holidays vary from country to country, and the recognition of these differences is an important issue for international retail companies. For retail companies to be successful, they often must , through the use of marketing campaigns and possible discounts or sales. The targeting of these days across world will help international retailers grow sales and increase profits.

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The New Year has brought change to globalEDGE! Our industry trade statistics pages have undergone a redesign and the new pages are now available on globalEDGE. These new pages highlight important trade figures and data for a variety of global industries, including agriculture, construction, energy, and technology. Specifically, each industry trade statistics page includes figures for total trade, top exporters, and top importers, as well as the most commonly imported and exported goods. Be sure to check out these new pages and expand your global business knowledge!

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In this month’s blog series, globalEDGE features the global energy industry. This series will discuss the industry outlook for 2015, the potential for mergers and takeovers, countries that benefit from falling oil prices, global carbon markets, and volcanoes as an energy source. Many analysts hold the belief that , before increasing in the second half of the year. The shale revolution in the United States, Saudi Arabia’s insistence on maintaining its market share, and a weak global economy have all contributed to the lowest oil price per barrel in five and a half years.

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The United States has pledged financial support of to help them prevent a looming bankruptcy, and boost recovery efforts amidst the financial turmoil in Europe and Asia. Ukraine is trying to recover and stabilize its economy, but the waging conflict in Eastern Ukraine with Pro-Russia rebels is hurting the economy and driving down consumer spending.

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The global economy had its by the World Bank, saying that the United States will not be able to hold up the global economy alone.  The global economy is now projected to grow 3.0% this year, rather than the 3.5% that was formerly projected. However, the United States had its projection increased from 3.0% growth to 3.2% growth. The World Bank cited Europe, Japan, Russia, and parts of Latin America as the source of the struggles leading to the . While oil prices are low, developing economies who import oil will receive a boost. However, oil exporters will continue to struggle, especially Russia, due to the low price of oil.

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The Michigan State University International Business Center is pleased to introduce a new resource that is now available on globalEDGE – the 2015 Nationwide Benchmarking Report on International Business Education at Community Colleges. This resource can be found in the Community Colleges section of globalEDGE, which features resources related to Community College programs, syllabi, conferences, internationalization resources, and more. The delves into a variety of factors related to international business education in the United States and aims to reveal the prevalence of international education at the Community College level.

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Oil prices , and hit a five and a half year low on Monday. Many analysts are projecting that the price of oil is only going to continue to decrease in the near future. This drop in oil prices is having a drastic effect in a multitude of sectors of the economy, all across the world. What is causing oil prices, which have continually risen in the past decade, to suddenly crash? There is not a single source of this crash, but rather a plurality of causes.

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After falling into a shocking recession last year, Japan’s manufacturing industry shows signs of hope as growth was sustained in December. The Markit/JMMA purchasing manager’s index was measured at 52, and demonstrated the . As a matter of fact, this growth rate is the most rapid rate since May of last year, suggesting that Japan’s economy may not be in as terrible condition as previously thought.

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This past year was considered a significant year for the global airline industry. The disappearance of AirAsia Flight 8501 and the explosion of the Malaysia Airlines Boeing 777 in the Ukraine war zone have raised questions about the safety of Asia’s low-cost airliners. Meanwhile, as oil prices drop, the cost of operating airlines will definitely decrease, but it may or may not help the global airline industry.

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In the European Union, some of the regional bloc's major powers are . European leaders from Paris, Berlin, and Brussels have spent their time since the last Greek political crisis building firewalls against the financial toxins that hurled Europe into the crises, and their stiff line also reflects their confidence that the eurozone would survive a Greek exit. Therefore, coinciding with the euro hitting a 9-year low against the dollar this past Monday and other external factors threatening the eurozone, the EU is preparing itself to make any hard decisions necessary to avoid falling into another significant depression.

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There is no question that Nigeria will face many challenges in early 2015, which could individually or collectively have serious economic implications for the nation and the region. The constant threat of violence from the militant Islamist group , upcoming political elections, and the decline in oil prices all threaten the political and economic stability in Nigeria. The question is will Nigeria be able to weather the economic onslaught that these events could produce.

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After nearly 16 years, European beef will once again be making the trip across the Atlantic to American stores and restaurants. Ireland and its beef industry have become the first from Europe to be granted permission into the United States market, following over a on beef from Europe. The ban resulted from the mad cow disease outbreak in the 1990s, and fears that it could begin an epidemic in the United States. The lifting of the ban could be a big help to Irish farmers, as well as the possible reopening of the United States market to all European cattle farmers.

Publish Date: 乐动体育董事长

In a recent Harvard Business Review article, Michael Porter reported on how the ‘Internet of Things’ is changing everything. The aforementioned phrase has arisen to reflect . With an estimated impact of $140 trillion, this industrial transformation is the third wave of IT-driven competition in the global economy.