What started as a simple idea over two years ago, has grown into a law that very well may be passed through the new Conservative leadership of Britain’s, Theresa May. The new Prime Minister of the UK has been insistent on passing “safeguards” that would allow children, once they turn 18 to delete any derogatory or incriminating former social media posts, photos, and even comments.
When it comes to business, there is more than one important facet to creating a successful and productive company. Most importantly, is the part culture plays. Think about it. Culture, defined, is an integrated system of learned behavior patterns that are characteristic of the members of any given society, and culture is thus shared through various groups of shared interests. Essentially, it’s the things people share together; language, social cues, behaviors, religions, and even various attitudes and manners that are accepted. In order to produce a successful business globally, you must learn these special aspects of culture, otherwise, you risk not only embarrassing yourself, but loosing an important deal.
President Trump signed an executive order that will withdraw the United States from the Trans-Pacific Partnership (TPP). The TPP is the largest planned regional trade accord in history, and was designed for the United States and 11 other nations in Asia and the Pacific to build a free trade zone. Its purpose was to lower tariffs, resolve trade disputes, and make patents safe, all while enhancing U.S. power in Asia.
The new administration has fulfilled Trump’s campaign promise, by changing America’s trade ties with other countries, and abandoning the TPP brokered by his predecessor. The withdrawal from multinational trade agreements stems from his belief that they “erode American jobs and opportunities”, and has had large geopolitical implications in Asia, and throughout the world.
By Jerry Haar and Altug Ulkumen
Veni, vidi, vici. (“I came, I saw, I conquered”) Julius Caesar, 26 BC. Donald Trump, 2017. However, the new U.S. president confronts a landscape far more daunting and turbulent than the Roman emperor and his legions faced two millennia ago–namely one which is supplanting a decades-old, idealism-based global governance that originally arose from the ashes of the Second World War.
The world order that emerged after 1945 was one of even greater opportunities, as ideological barriers came crashing down a quarter of a century ago, unlocking vast labor pools that received their first taste of the free markets.
International trade and investment issues grow more complex and require major reconsideration by governments, firms and individuals. No-one is exempt from the new policy directions of the U.S. government and the impending British exit (Brexit) from the European Union (EU). They are accompanied by extensive security concerns and the need to manage vast immigration flows. Many of the accompanying political battles are not only driven by national options, but reflect the “because we can” principle. While U.S. policy changes are still under construction, Britain delivers the EU separation documents consonant with Article 50 of the Treaty of Lisbon by the end of March which then marks the bureaucratic starting point of Brexit.