Global Business: Decoupling or Convergence?

Fascinating piece, "Trading Places" by Frances Kim for the Yale Economic Review.

Highly controversial and greatly overused, the term “globalization” generally characterizes the phenomenon by which multiple economies have apparently begun to move in sync with one another. The pundits may all have their own opinions on the merits of global inter-connectedness, but statistics tell many different stories regarding whether international economies have really converged to move in a synchronous global business cycle.

Read the entire article here.  Agree or disagree? We'd welcome hearing from you!

Illustration credit here.

Should Every SME Become a Global Business?

We sure hope so. Yet according to Brendan Murtagh, speaking at the 28th annual Caribbean Accountants Conference, he said:

"I'm not suggesting every SME needs to become a global business, but to be the best they can be, they have to understand that there are going to be opportunities out there in the current climate whereby they can get together and leverage what they have together with other partners, and actually make a stronger, better business that's going to add to the economy as a whole. We are saying if you are going to recognize these opportunities, you have to step back and ask how are we going to do it?"

Read more here.

Note: IASB Issues Accounting Standard for SMEs

Become a Certified Global Business Professional

The NASBITE Certified Global Business Professional provides a benchmark for competency in global commerce. The CGBP designation demonstrates an individual's ability to conduct global business including Global Business Management, Global Marketing, Supply Chain Management, and Trade Finance.

At the NASBITE CGBP (logo pictured) site you will find information regarding how to become a NASBITE Certified Global Business Professional, the background to the project, training resources, test overview, and a practice exam. There is also a forum in which you may ask questions and share your thoughts regarding the NASBITE CGBP credential.

Regular registration closes March 31.

Take action here.