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Global Economy

1 in 5 Young People Around the World are NEETs. What Does That Mean?

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Global Insight by Hope O'Dell

From the United Kingdom to China, youth unemployment has been a point of concern. But across the world there is also a growing number of young people who aren’t in school, don’t have a job, and aren’t in any sort of vocational training.

An illustration of silhouettes of 4 people sitting together with the word NEETS behind them
Elizabeth Sokolich
Global Economy

Exiting World Biz Chicago CEO weighs in on Chicago's challenges — and its advantages

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ChicagoGlobal by H. Lee Murphy

"The future of mankind will be dominated by 20 to 25 super-regions, with Chicago prominent among them," says Michael Fassnacht, who exits the economic development agency this month.

Michael Fassnacht
Alamy
Global Cities

In Chicago's Little Italy, time is running out

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ChicagoGlobal by Ally Marotti

"Little Italy is no longer a thing,” says one restaurant operator. “It has come and gone.”

A wood fence painted with the Italian flag and a for sale sign Global Economy

Chicago transit confronts a fiscal cliff, but it isn't Caracas

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ChicagoGlobal by AJ Caughey

Chicago's transit system may need to make cuts and raise fares after COVID relief funds phase out, but riders won't likely see a systemic collapse like Venezuelan commuters experienced in the 2010s.

CTA Green Line train travels west from Chicago
AP Photos
Global Cities

How Alinea wound up on so many global travelers' bucket lists

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ChicagoGlobal by H. Lee Murphy

In the elite realm of haute cuisine where Alinea resides, the influence, name recognition, and drawing power of the restaurant extends well beyond Chicago to the dining capitals of the world.

Inside Alinea restaurant
Courtesy of Alinea
Global Economy

What Happens When Ships Can't Cross the Red Sea and Panama Canal?

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Global Insight by Hope O'Dell

Houthi attacks in the Red Sea and drought in the Panama Canal are delaying shipments and could increase emissions.

Collage of a cargo ship in water
Elizabeth Sokolich (photos: Envato)
Global Economy

As the Chicago Auto Show ramps up, its longtime point man looks back

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ChicagoGlobal by H. Lee Murphy

Dave Sloan retires after this year's McCormick Place confab. In an exclusive chat, he reflects on how this car biz showpiece has changed — and how it's kept Chicago on the industry's global map.

The entrance of the Chicago Auto Show with a large globe hanging over the crowd.
Crain's Chicago Business
Global Economy

Q&A: Hispanic business owners see migrant influx as an opportunity for growth

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ChicagoGlobal by H. Lee Murphy

"In 20 years, I’m betting that Texas will feel sorry that they shipped these workers away," says Jaime Di Paulo, president of the Illinois Hispanic Chamber of Commerce.

A person wearing a scarf and a hat with "Chicago" on it
AP Photos
Migration

Lonely Planet names the Midwest 'best value' travel destination

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ChicagoGlobal by Laura Bianchi

Chicago figures prominently in a ranking that's not just about dollars and cents.

Chicago's Pritzker Pavilion at night
Michael Muraz/Wikimedia Commons
Global Economy

The crisis PR playbook for business leaders navigating global political controversies

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ChicagoGlobal by Jack Grieve

There is no one-size-fits-all strategy for business leaders navigating thorny global issues. Even so, there are common mistakes to avoid.

a McDonald's sign with a rocky landscape in the background
Toa Heftiba
Global Economy