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IB Tips and News

IB Tips and News


Although globalization has greatly benefited many people around the world, it hurt a lot one particular class of people.

The “elephant” chart below shows who benefits and who is hurt by globalization.

Globalization greatly increased income of:

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If Facebook, Twitter, WhatsApp, and other social media were countries, this is how they would compare to “real” countries.

  • Facebook would be the largest country in the world, much bigger than China.
  • WhatsApp would be almost 3 times the size of the U.S.
  • Instagram would be a little bigger than the U.S.
  • LinkedIn would be the size of Mexico.

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Women tend to live a little longer than men.
But in some countries, women live MUCH longer than men.

Here are 10 where the gap in male vs. female life expectancy is the biggest.

Reasons?

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Global trade today is not as it was 25 years ago.

25 YEARS AGO:

  • Most world trade is within Europe and the U.S.
  • Asia’s trade with the rest of the world is very small.
  • Rich trade with rich, poor don’t trade much.

TODAY:

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There is a nearly perfect negative correlation between wealth and working hours: the wealthier the country, the less its people work.

There is, however, one notable exception: the U.S. It is very, very rich. And Americans work very, very long hours.

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As the new generation enters the labor force, companies have to adapt to the values of the millennials.

Unlike their parents who were happy with secure 8 to 5 jobs, the millennials are driven by other ideals and desires.

These are the biggest changes in Top 3 motivators at work for those born in the 60’s and 70’s vs. those born in the 90’s and 00’s.

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Here is a map that allows you to put it in a perspective.
– The GDP of Saudi Arabia with its massive oil production is only as big as the GDP of Illinois.
– Switzerland’s economy, with all its banks, cheese, chocolate and army knifes is only as big as that of Pennsylvania.
– Or the GPD of the Netherlands is only as big as that of Florida.

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International business vocabulary: Currency Buy-Sell Spread

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What the U.S. thinks about Europe?

What Europeans think about Americans?

What northern Europeans think about southern Europeans?

What southern Europeans think about northern Europeans?

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