New Course on International Trade Institutions

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This coming Fall I will offer a new course titled Institutions for International Trade. It is designed to advance students' knowledge of public and private interaction in trade by visiting and analyzing relevant key trade institutions in Washington, D.C. Enrollment for this course is now open until next week. View the course syllabus here: Institutions for International Trade Instructors can contact me at czinkotm@georgetown.edu if you are interested in learning more about the course. Read more [...]

Key Determinants of Retail Internationalization

by Michael Czinkota and Svetla Marinova International retailing, linked to the current state of globalization is on the move. Many retail establishments are internationalizing, although this process is not yet well understood. The institutional theory, as suggested by (Huang and Sternquist, 2007), may shed some important light on this critical topic. The regulatory, normative, and cognitive social system of a firm's institutional environment influences its institutional behavior and decisions Read more [...]

The U.S. will no longer be the dominant economy by 2030

15 years from now, the United States will no longer be as dominant economically as it is now. Such a development is not unique. The larger European countries will slip further behind while some emerging markets will catapult into prominence. That is according to the U.S. Department of Agriculture’s (USDA) latest macroeconomic projections leading up the year 2030. The U.S. will just barely remain the global leader with $24.8 trillion in annual output. China’s GDP will grow to more than twice Read more [...]

International Trade Shows, are they worth it?

By Michael R. Czinkota and Ilkka Ronkainen More than 24,500 trade shows yield an annual $100 billion in revenue worldwide which means that even in this hyper-digital age, marketers and customers still find these events worthwhile. Executives surveyed on trade shows ‘ usefulness have said that exhibitions provide unique value not found in other marketing channels. Firms appreciate the personal interaction with their stakeholders. Clients can, in turn, evaluate product matches. The U.S. Read more [...]

Should Greece leave the Euro-currency bloc?

By Professor Michael Czinkota & Josephine Tolosa In light of Greece’s international indebtedness, there are numerous debates over the Grexit which refers to the exit of Greece from the Euro currency bloc. If Greece leaves the currency bloc this will undermine the economic stability of the euro currency. Before the euro, the need to exchange foreign currencies within the region meant costs, risks, and a lack of transparency in transactions. The single currency brought new strengths and Read more [...]

A New Forecast for U.S. Companies

The 2015 International Business Indicator is a survey of 253 executives from U.S. companies with $50 million or more in annual revenue that conduct business internationally. Conducted by GfK for the International Group of Wells Fargo & Company, the score represents the average of responses for two questions regarding the level of importance and activity that U.S. companies expect from their international business in the next 12 months. This year’s score is 63, down five points from 2014 Read more [...]