Running a small business which ships low weight merchandise, say 10 T-shirts or small hardware from China to the United States, made logistics cost easy. The U.S. provided for a large shipping discount of 40% to 70%. Such generosity came from U.S. membership in the Universal Postal Union (UPU). Founded in 1874, the UPU is … More Package from China: Who pays the freight? by Prof. Michael R. Czinkota
Recently, the Washington Post wrote about the law restructuring Ukraine’s education system and establishing Ukrainian as the main language in schools. The new law concerns neighboring countries such as Russia and Hungary about the rights of ethnic minorities. Why do I consider that important? In addition to creating political tensions in the region, this action may lead the … More Language Matters in Ukraine’s Educational Reform by Prof. Michael R. Czinkota 2017-11-10
The German elections are over, and for a brief moment, it looks like all is stable. But make no mistake, this is only the eye of the storm. I have full confidence that Germany has already shifted away from the current leadership. In a significant rejection of personal responsibility, Dr. Merkel, the chancellor states that … More German Elections – The Doktor is out by Prof. Michael R. Czinkota 2017-10-18
Culture defines the behavior patterns that are distinguishing characteristics of members of a society. It gives an individual an anchoring point, an identity and codes of conduct. Culture has 164 definitions but all of them accept that culture is learned, shared and transmitted across generations. Cultural awareness in business has been recognized over several centuries. … More Yes, Cultural Awareness Matters in Marketing by Prof. Michael R. Czinkota 2017-10-03
A successful Chinese entrepreneur, showed me a news article. It reported that wealthy Chinese could buy an American passport and become US citizens. Is this really true? What are the implications of this visa program? The US Employment Based Fifth Preference (EB-5) program was established by the U.S. Congress in 1990, to link investment, employment and residency. Three years … More New World, New Policy: Entrepreneurial Money Produces Residency Permits by Prof. Michael R. Czinkota 2017-08-11
Here we go again: The U.S president is attacked on a global scale for his thinking on trade and investments. Mrs. Merkel, chancellor of Germany even announced a “new chapter in U.S. European relations” and stated that “Europe must take our fate into our own hands’’. Similar accusations had been raised in 1980 after the … More Thank you, Mr. President by Prof. Michael R. Czinkota 2017-06-09
The modern world of art offers fascinating insights into the forces currently shaping world trade and the global economic system. For decades, China has experienced breakneck economic growth and has become a world leader in both the consumption and production of art, which illustrates some intriguing changes in the global economy. The global market for … More New World New Policy: What Art Tells Us About the Global Economy by Prof. Michael R. Czinkota 2017-06-02
World trade has forged a network of global linkages, in which everyone and every country is involved. Nowadays, a drought in Brazil and its effect on coffee production and prices is felt around the world. U.S subsidies for ethanol production from corn affects prices for other agricultural crops and live-stock in the far reaches of … More New World, New Policy: How Tax Cuts help U.S companies to go abroad by Prof. Michael R. Czinkota 2017-05-26
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