Made in the World
Today, companies divide their operations across the world, from the design of the product and manufacturing of components to assembly and marketing, creating international production chains. More and more products are “Made in the World” rather than “Made in the UK” or “Made in France”.
The statistical bias created by attributing the full commercial value to the last country of origin can pervert the political debate on the origin of the imbalances and lead to misguided, and hence counter-productive, decisions. The challenge is to find the right statistical bridges between the different statistical frameworks and national accounting systems to ensure that international interactions resulting from globalization are properly reflected and to facilitate cross border dialogue between national decision makers. – World Trade Organization (WTO)
International Trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While International Trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries.
Where trade unions are most firmly organized, there are the rights of the people most respected.Samuel GompersIndustrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the International Trade system. Increasing International Trade is crucial to the continuance of globalization. Without International Trade, nations would be limited to the goods and services produced within their own borders.
As a result of International Trade, the market contains greater competition and therefore more competitive prices, which brings a cheaper product home to the consumer.
International Trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics.
The Experience Economy
The term Experience Economy was first described in a book published in 1999 by B. Joseph Pine II and James H. Gilmore, titled “The Experience Economy”. In it they described the experience economy as the next economy following the agrarian economy, the industrial economy, and the most recent service economy. This concept had been previously researched by many other authors.
Global Entrepreneurship Network
The Global Entrepreneurship Network operates a platform of projects and programs in 170 countries aimed at making it easier for anyone, anywhere to start and scale a business.
By fostering deeper cross border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth.
GEN’s comprehensive global footprint of national operations and global verticals in policy, research and programs ensures members have uncommon access to the most relevant knowledge, networks, communities and programs relative to size of economy, maturity of ecosystem, language, culture, geography and more.
GEN helps celebrate, understand, support and connect entrepreneurs and those who champion them.