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Global Business

‘Brexit’ Poses Potential Shock to World Economic System

June 23 has just been determined as the date when voters in Britain (as well as certain British expats) will weigh in as to whether that nation should leave the European Union (EU). Ahead of the referendum, there is trepidation about the economic impact of an affirmative answer to the question.

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South Korea Shores Up Against Economic Headwinds from the North

South Korea’s top economic policymaker said Monday the government will strive to bolster exports to minimize negative economic impact from North Korea’s recent rocket launch and nuclear test. Yoo Il-ho suggested that China’s emerging demand economy will catalyze additional export growth, with free trade agreements with China, Vietnam and New Zealand which came online last year driving further trade expansion, ...

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6 Ways to Score a Hole in One With Your Globalization Strategy

Spurred on by plummeting transportation and logistics costs, we are entering a third wave of globalization that will increase trade, change the way companies work, and improve the quality of life for millions of people across the world.

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How to Determine the Critical Difference Between ‘Markets’ and ‘Reforms’ in China

Chief executives may be forgiven for being confused about what is happening between the U.S. and Chinese governments when it comes to use of the terms "markets" and "reforms." As a recent article in the Wall Street Journal suggests, President Obama's administration is expecting that Chinese President Xi Jinping will make commitments to more market-oriented reforms when he visits Washington this month.

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CEOs Await Decision on Whether Government Will Reauthorize Ex-Im Bank

The shut-down of the U.S. Export-Import Bank is hurting some global businesses and, as a result, some CEOs badly want to see Congressional reauthorization soon. But the conservative Republicans in the House of Representatives who want to permanently pull the plug on the Ex-Im Bank insist that its demise will be better for free-market capitalism overall.

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