MBA Degrees Important In International Business
January 22, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Recent economic figures around the world show that the global recession is affecting growth in many countries.
A report this week by Bloomberg News notes that the Chinese economy expanded in the fourth quarter of 2008 at its slowest rate in seven years - and that the economic slowdown there is having ripple effects in other nearby countries such as South Korea and Australia.
"It's an astonishingly steep slowdown. We haven't yet seen all the pain," economist Paul Cavey told Bloomberg.
Still, business opportunities have not completely dried up in China when considering that the country's economy did reportedly grow by a 6.8 percent margin last quarter, down from nine percent in the third quarter of 2008. China also recently passed Germany as the world's third-biggest economy, according to the report.
With these things in mind, international business opportunities are likely to resume expanding rapidly as the recession winds down, which many economists expect will happen in 2010. Those who earn MBA degrees in the coming years may find themselves well positioned to take advantage of new opportunities in international business.
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Related Article Topics: International Business
