After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
Digital technology is transforming the way recruiters find candidates, and it’s happening at a time when the global talent pool itself is undergoing tremendous change. Employers who want to fill overseas posts have a lot to keep up with, and those who stay on top of current trends stand the best chance of finding skilled workers before their competitors do. Here are a few new developments worth following.