September 14, 2013

 

For emerging economies, investment from foreign powers has long been a contentious topic. In fact, as recently as last year protestors lined the streets of India’s major cities against a series of reforms designed to open the country’s retail sector to foreign direct investment (FDI). The laws would allow companies like Wal-Mart and Tesco to buy up to 51% stakes in local businesses. The proposed reforms inflamed the fears of many Indians who felt that the economy would become Continue reading

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July 17, 2013

China’s surging economy has provided its citizens with a constellation of benefits that would have been scarcely imaginable even a decade ago. But of all China’s consumer-enabled freedoms, the opportunity for worldwide travel perhaps represents the nation’s biggest leap into modernity. After all, Chinese tour groups were forbidden from traveling to the U.S. until 2007. The following year, 493,000 Chinese tourists flooded America. That number has since grown to more than a million visitors annually. But that’s nothing compared to Continue reading

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July 15, 2013

Throughout Pepsico’s history, one thing has remained constant: the company’s flagship soft drink has always played second fiddle to chief competitor Coca-Cola. Known by name by billions throughout the world, Coke is not only the gold standard of soft drinks, but of branding in general. Although Pepsi and its umbrella of products certainly command a fair market share, Coca-Cola’s continued worldwide dominance is all but assured at this point.

Except in Russia, that is. Pepsi was one of the first Continue reading

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July 12, 2013

 

First days on the job tend to be stressful. Not only must fresh hires learn the names of a litany of new colleagues, they may also be required to endure often boring orientation sessions. In corporate environments especially, these standardized introductory rituals teach new hires to tone down their own personalities in order to conform to the company’s way of doing things. While this is likely an efficient way to acclimate employees to the job, new studies show that Continue reading

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July 10, 2013

In the business world, companies aren’t the only ones who are concerned with attracting top tier talent. Governments, too, have a vested interest in either retaining their most skilled individuals or attracting the best from elsewhere. After all, an innovative and educated workforce can only sustain itself by remaining desirable to other capable candidates. For countries like India, this means keeping doctors and engineers local so they can help a homeland in need rather than travel abroad for greater fortunes. Continue reading

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In today’s modern economy, statistics are supreme. GDP, unemployment and interest rates all play dominant roles in the allocation of the government’s budget. No spending bill can hope to pass into law without a battery of statistics and figures charting how such legislation will benefit the country. But just how accurately do those numbers reflect the world we live in?

Take GDP, for instance. The famous figure has only been reliably collected in the U.S. since the 1930s and didn’t Continue reading

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Suggested by Mark Varycki of Hillsborough Community College, this video makes the case for free enterprise as a moral imperative.

 

Questions:

  1. Do you agree with the position stated in the video that free enterprise is the best economic system?
  1. Is it correct to credit globalization and free trade with easing global poverty?

From AEI Enterprises

 

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treviThe beauty of Italy’s ancient structures and sculptures has been renowned for more than two thousand years. Over the course of those centuries, maintenance responsibilities for the nation’s antiquities have transferred from their Roman builders to the Catholic Church and finally to the present-day Italian government. But there’s one major matter that separates the latter from its two mighty predecessors: money. As a result of the Italian economy’s recent collapse, the government has been forced to slash the maintenance budget Continue reading

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April 15, 2013

zaraThe years following the start of the recession have not been kind for much of the retail industry. For the clothing company Zara, however, the downturn has been something of a blessing. The Spanish brand came to global prominence in the 1990s as its affordable but fashionable looks started to arrive at stores on foreign shores. Today the company brings in more than $9 billion annually from 1,600 locations as shoppers the world over turn to Zara’s lower price tags Continue reading

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April 7, 2013

budTo most American beer drinkers, there’s only one Budweiser. Go to the Czech Republic, however, and you might be in for a bit of surprise. Since 1895 the brewing company Budejovicky Budvar has been making a beer called Budweiser. And no, they didn’t just rip the name off from the iconic AB Inbev brand. The brewery operates in a region of the Czech Republic called Budweiser, where people have been brewing beer since 1295. In fact, the region’s proud brewing Continue reading

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