Today in Global Small Business: We Are Headed to Well Beyond 100K Readers to the Global Small Business Blog!

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What's affecting me, my clients, my colleagues and other global small business owners:

• Thanks to your readership, we are headed to well beyond 100K readers (aka followers) this month to The Global Small Business Blog.  Founded in 2004, we have served you for 19 years!  Your engagement is important to us.  Looking forward to hitting the quarter-million mark soon.  
• Factors to consider when thinking abut doing business in Dubai.
• Franchises have become game-changers, fueling global entrepreneurial ambitions and economic expansion.
• Quote of the week: "Growth is uncomfortable; you have to embrace the discomfort if you want to expand." – Jonathan Majors
• US-China relations in the Biden era:  a timeline (updated 8/30/23).
• Are you aware?  Global Agricultural Information Network (GAIN) consists of reports compiled by FAS Foreign Service Officers and staff around the world. They provide agricultural market intelligence, insight and analysis of interest to exporters of U.S. agriculture. FAS currently generates more than 3,000 reports a year, dating back to 1995.
• The enduring legacy of 9/11. 🙏 

What Is Globalization and How Has the Global Economy Shaped the United States?

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What is globalization and how has the global economy shaped the United States?  The Peterson Institute has all the answers with its newly launched and very first microsite, titled "What Is Globalization?" 

This interactive feature explains a term that has become toxic, especially in today's political environment. The goal is to educate the public and clarify misconceptions about globalization's impact. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the advantages.

The Peterson Institute's new microsite covers:

• Why historical context is import.
• How trade helps each side.
• Demystifying job effects.
• Measuring the benefits vs. costs.
• The difficulties facing US-China Trade
• How to sustain globalization through policymaking.

Visit the What Is Globalization microsite.

China and the United States Both Want to Maintain An Open Global Trade Regime

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Li Zhongzhou, former director general of MOFCOM and former UNCTAD division director writes the following commentary:

Seeking a win-win scenario in trade between China, US

Editor's Note: US exports to China significantly outperformed export growth to the other top 10 US trading partners including Brazil by 180 percent, but US primary interests still lie in securing access to potential Chinese markets. The US-China Business Council looks at China as a $250 billion market for US companies with still greater potential for further growth.