Illinois District Export Council #ILDEC’s Post

Why limit your growth to Canada? Learn how Canadian businesses can navigate global trade shifts, tackle risks head-on, and capitalize on new markets with Export Development Canada | Exportation et développement Canada’s market insights, connections, and financial solutions. Read more economic insights in this interview with the Globe and Mail here: Is the timing right for your business to expand globally? - The Globe and Mail

(forthcoming paper) Go European! A transformative journey across dreams, models, expectations, and realities. Ilir Ciko, Canadian Institute of Technology Abstract This paper examines market price differences of identical products sold by the same international companies operating in Albania and the EU markets by assessing four distinct perspectives. It reveals that (i) the economic models and common sense would predict that prices of identical products, sold by the same operators in an open market, should be lower in Albania based on PPP factors, or converge toward equalization through the EU integration process; (ii) the expectations of businesses and consumers in Albania, based on two surveys conducted during Spring 2024 with 150 consumers and 30 businesses, suggest that there should be minor price differences (average +5.5 percent higher in Albania for consumers and +2.7 percent for businesses); (iii) the reality, based on price information collected for 150 consumer products, randomly chosen from 13 product categories and sold in Albania by three major European companies, indicates that during Spring 2024, the average price of the products in the Albanian market was +79.7 percent higher than the average price of the same products, sold by the same operators in the EU markets. The paper analyzes the main factors enabling significant price differences between the Albanian and the EU markets, the burden and cost for the Albanian consumers, the implications for the society and the economy, and provides consumer-centered, market-based recommendations.

For Canadian businesses looking to grow their sales, going global will give you access to bigger markets, boosting profits and diversifying your revenue base. But in the current environment, political instability and supply chain disruptions have increased the risk of operating abroad. Export Development Canada | Exportation et développement Canada is here to help Canadian SMEs adapt to the current landscape and gain access to opportunities in the U.S. and Mexico, as well as surging demand coming from fast-growing markets in the Indo-Pacific region.   Check out this excellent Globe Content Studio interview with EDC Deputy Chief Economist Ross Prusakowski, on the state of the global economy, highlighting how EDC can help Canadian businesses turn global uncertainty into new opportunities. 👇👇 👇 👇 👇 👇 👇   Read the full article here: https://lnkd.in/giYUJW8k

🌏 𝗜𝘀 𝗚𝗲𝗿𝗺𝗮𝗻𝘆 𝘆𝗼𝘂𝗿 𝗻𝗲𝘅𝘁 𝗲𝘅𝗽𝗼𝗿𝘁 𝗱𝗲𝘀𝘁𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗶𝗻𝗴 𝘆𝗲𝗮𝗿𝘀? #Germany is the largest economy in the #Eurozone and the #EU. Changes in its economy have a significant impact on exports from other countries. 📉 Global economic weakness, high interest rates, and labor shortages are causing economic activity in Germany to decline. In 2023, the German economy shrank by 0.3%. The government’s growth forecast for 2024 dropped from 1.3% to just 0.2%. ⭕ The German market offers both unique opportunities and specific challenges. To succeed in this market, it's important to focus on critical aspects: 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀 🔹 Large, neighboring, and receptive market 🔹 High purchasing power of citizens 🔹 Strong cooperation between European and German companies 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 🟠 Intense competition and consumer loyalty to domestic products 🟠 Worsening social sentiments 🟠 Need to adapt products to market specifications 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗖𝘂𝗹𝘁𝘂𝗿𝗲 👔 Less focus on hierarchy, more on trust and competence 🕒 Importance of punctuality and preparation for meetings 🏠 Clear separation of private and professional life 𝗕𝗮𝗿𝗿𝗶𝗲𝗿𝘀 1️⃣ Financial barrier: Prepare for higher operating and living costs. 2️⃣ Cultural barrier: Products and services must meet the expectations of German consumers in terms of quality and efficiency. 3️⃣ Technological barrier: High technological standards are crucial for competing in the German market. 4️⃣ Legal and tax barrier: Compliance with the local legal and tax system is essential. 5️⃣ Market access barrier: Well-established distribution networks and strong local brands require an effective market entry strategy. ➡️ Learn more about your product’s market statistics in Germany: https://lnkd.in/dvmFr8kJ

The economic engine of the EU is stalled BERLIN (AP) — The German government on Wednesday slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government’s previous forecast of 1.1% growth, issued in October. Germany has managed no meaningful economic growth in the past four years as it has struggled to deal with major shifts in the global economy and with structural challenges of its own. Preliminary figures released two weeks ago showed that gross domestic product contracted by 0.2% last year, following a 0.3% decline in 2023.

Interesting this short article. Market size and trade matter. We should take these into account down here in Argentina as well...

The world's largest digital exporters 🌎📈 In terms of analysis: - The UK 🇬🇧 is the 2nd largest digital exporter, with $438B in exports. - This places the UK solidly among the top global players in the digital export market. - The significant scale of the UK's digital exports, only behind powerhouse like the US , dicates it is a major digital economy and services provider. - The UK's position highlights its technological capabilities and competitiveness in high-value digital sectors like software development , IT services, and FinTech. - Compared to its European peers, the UK's digital exports are larger than Ireland ( $328B) , Germany ( $248B), Netherlands ($194B),France ($170B), and Spain ($67B), further emphasizing its digital export strength. 💡 Therefore, based on the data presented, digital exports appear to be extremely important and a major driver of the UK's economy and global trade position. #UKExports #BusinessStrategy #Entrepreneur #GlobalTrade #InnovationEconomy

REGISTER HERE: https://lnkd.in/dEempG-8 Top 10 Reasons Why Latin America is a Hub for Investment & Business Expansion for European Companies Latin America is emerging as a dynamic and lucrative region for European businesses seeking expansion. Here are the top 10 reasons why: 1. Large Consumer Market: With a population of over 650 million, Latin America boasts a vast consumer market, including a growing middle class of over 300 million. 3. Rich in Natural Resources: Latin America is a major producer of commodities like oil, gas, minerals, and agricultural products, valued at over $1 trillion annually. 4. Strategic Geographic Location: The region's proximity to key markets like the US and Europe, coupled with improved infrastructure, makes it a strategic location for logistics and distribution. 5. Diverse Cultural Landscape: Latin America's diverse cultures and languages offer unique opportunities for tailored marketing and business strategies. 6. Government Incentives: Many Latin American countries offer attractive investment incentives, such as tax breaks, simplified regulations, and reduced tariffs, to encourage foreign investment. 7. Skilled Workforce: The region has a young and skilled workforce, particularly in technology and engineering, with over **50 million workers** in the formal sector. 8. Digital Transformation: Latin America is undergoing a digital revolution, with a growing e-commerce market valued at over $100 billion and a rapidly expanding fintech sector. 9. Free Trade Agreements: Several Latin American countries have signed free trade agreements with the EU, reducing tariffs and facilitating trade. 10. Innovation and Entrepreneurship: A growing startup ecosystem and a culture of innovation are driving economic growth and creating new business opportunities. Ready to explore the Latin American market? Let's connect and discuss how we can help your business succeed in this dynamic region. #LatinAmerica #BusinessExpansion #Investment #Europe #GlobalBusiness

Did you know that the contributions of digital intermediary services, such as ridesharing and food delivery platforms, are not accounted in the digital economy contribution of $2.6 trillion to the US economy in 2022? In the introduction of the latest Wilson Center Brazil Institute report co-authored by Daniel Castro and Claudio Lucinda, I talk about how challenging it is to find an accurate proxy of the economic impact of regulating the digital world. To do that we need to look at the numbers and also develop more innovative research methods to better assess the digital economy. - Currently, the statistics on the digital economy provided by the Bureau of Economic Analysis (BEA) do not fully account for the earnings from digital intermediary services. These services operate platforms that facilitate direct interactions between multiple buyers and multiple sellers, charging a fee for services like ridesharing. This omission leads to an incomplete understanding of the digital economy's full scope. - During the COVID-19 pandemic, the value of free digital services became particularly evident as they supported remote work, education, and social interactions when physical distancing was necessary. In the UK, a study aimed to assign a monetary value to these services by comparing them to their paid counterparts, estimating that they contributed significantly to household consumption, valued between £7 billion and £25.4 billion in 2020 alone. This is also often out of the equation. I hope you enjoy the paper. :) Link below.

Why limit your growth to Canada? Learn how Canadian businesses can navigate global trade shifts, tackle risks head-on, and capitalize on new markets with @Export Development Canada’s market insights, connections, and financial solutions. Read more economic insights in this interview with the Globe and Mail here: Is the timing right for your business to expand globally? - The Globe and Mail  https://lnkd.in/g4X2A36u