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"GE" | Global Economy - Küresel Ekonomi
Actual news, comments, reports and links about the "global economy" - "Küresel ekonomi" hakkında haber, yorum, rapor ve bağlantılar
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How the Recession Reshaped the Economy, in 255 Charts

How the Recession Reshaped the Economy, in 255 Charts | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Five years since the end of the Great Recession, the private sector has finally regained the nine million jobs it lost. But not all industries recovered equally.
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Families Struggling to Afford Food in OECD Countries

Families Struggling to Afford Food in OECD Countries | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
The number of residents struggling to afford food in OECD countries has risen over the past six years, especially among people with children.
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Why Are We So Busy?

Why Are We So Busy? | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

Since the 1930s, U.S. G.D.P. has grown, in real terms, by a factor of sixteen. Why hasn’t that wealth translated into more leisure time?

 

Once, we were warned about a future of overabundant leisure. Now we’re busy complaining about being busier than ever.


Illustration by Nishant Choksi.



Via Kenneth Mikkelsen
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10 years EU enlargement anniversary: Waltzing past Vienna

10 years EU enlargement anniversary: Waltzing past Vienna | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

Since their EU accession, Warsaw, Bratislava and Prague have overtaken Vienna in terms of GDP per capita, but regional divergence has widened.


Since their accession to the European Union ten years ago, something extraordinary has has been going on in the central European capitals. Measured in purchasing power standards (PPS), Warsaw, Bratislava and Prague now have a higher GDP per capita than Vienna. The Österreichs Kaiserstadt has been the reference point for central European countries for centuries – and a reference point now too, due to geographical closeness and strong trade and financial links.

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The benefits of Brentry: Eurosceptics may be hugely underestimating the value of membership of the European Union

The benefits of Brentry: Eurosceptics may be hugely underestimating the value of membership of the European Union | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
THIS week the Institute for Economic Affairs, a British think-tank, awarded a prize of €100,000 ($138,000) for the most compelling plan for a British withdrawal...
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Globalization and the Textile Industry

"On the 100th anniversary of the Triangle Shirtwaist Factory Fire, little has changed in the global sweatshop economy. Workers are again trapped and burned to death behind locked exit gates."


Via Seth Dixon
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Kelly Collinsworth's curator insight, April 16, 8:42 AM

For Beth Manor

Courtney Barrowman's curator insight, April 24, 11:28 AM

unit 6

Danielle Bellefeuille's curator insight, May 10, 6:16 PM

The sad reality of the new division of labor, we are moving backwards instead of forwards with labor policies and widening the gap between core and periphery countries. We need to stand up and advocate for fair trade. These countries rely on us for sources of unemployment, and we need to give them better wages, safer working conditions, and help them push pass this dependency, and grow into more economically and socially strong countries.

 

http://www.laborrights.org

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UNFPA - How Has the World Changed in the Last 20 Years?

UNFPA - How Has the World Changed in the Last 20 Years? | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
The world has seen progress since the 1994 Cairo conference – but not enough. 

UNITED NATIONS, New York – Twenty years ago, the international community gathered in Cairo, Egypt, to explore how the world was changing and how those changes were affecting the most vulnerable. At the 1994 meeting, the International Conference on Population and Development (ICPD), the world agreed that population issues – including voluntary family planning, maternal and child health, migration, and gender equality – are not just about counting people, but about making sure that every person counts.

 

At the conference, 179 governments signed on to the ICPD Programme of Action, which recognizes that women, their rights and equality are global development priorities. The governments committed to: providing universal access to voluntary family planning, sexual and reproductive health services and rights; delivering gender equality and equal access to education; addressing the impacts of urbanization and migration; and supporting sustainable development.

Today, the world is very different, transformed by the digital revolution and advances in medicine and human knowledge. But has it changed in the ways we hoped it would?

 
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Amount of Skyscrapers / Buildings above 70 m

Amount of Skyscrapers / Buildings above 70 m | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

Amount of Skyscrapers/Buildings above 70 m

http://www.reddit.com/r/MapPorn/comments/224ity/amount_of_skyscrapersbuildings_above_70m_1200x1142/

http://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Europe

 

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First BRICs, now MINTs. Emerging-markets acronyms are popular, but do they help investors?

First BRICs, now MINTs. Emerging-markets acronyms are popular, but do they help investors? | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
The investing world likes to group selected emerging- and frontier-market countries together. Some emerging-market funds and emerging-market ETFs follow suit. But some pros question the sense.
Aykut Kibritçioğlu's insight:

See also: 

https://twitter.com/akibritcioglu/status/423129059359342592

&

https://twitter.com/akibritcioglu/status/421762976098422784

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The new age of crony capitalism

The new age of crony capitalism | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
AS THE regime of Viktor Yanukovych collapsed in Ukraine, protesters against it could be found outside One Hyde Park, a luxury development in west London. Their...
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Ed Miliband: Britain's Place In The European Union

Ed Miliband: Britain's Place In The European Union | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Ed Miliband, leader of the UK Labour Party, makes the case for Britain to remain in the European Union and sets out his reform plans.
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US poverty rate, actual and simulated, 1959 – 2012 (graph)

US poverty rate, actual and simulated, 1959 – 2012 (graph) | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
from David Ruccio One of the points Thomas Piketty makes in his new book is that mainstream economists enshrined as “laws” of capitalist development certain “facts” that only had relevance during t...
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The Whole Economy Is Rife with Ponzi Schemes

The Whole Economy Is Rife with Ponzi Schemes | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Many ordinary business practices resemble the infamous con game

 

The Ponzi scheme has been a recurring fixture of economic life in rich and poor nations at least since the 19th century, creating a few millionaires and ruining the lives of millions. Yet most people have only a vague idea of what they are, which may explain why so many continue to fall for their strange and almost mystical allure. This topic, of course, has acquired a certain urgency because of the recent global financial crisis and headlines about the Bernard Madoff scandal, the biggest ever Ponzi scam, which occurred at the height of the turmoil.

 

Anyone who followed the Madoff debacle probably thinks about Ponzis as being deliberately concocted frauds. Instead of using investor money to fund a productive business venture, the con artist channels the proceeds from new investors to pay interest to earlier ones. But economists have started to realize that this type of behavior can also occur spontaneously, even unconsciously, simply by having one expectation feed on another, creating a frenzy of speculation, an inflating economic bubble that is doomed to eventually crash.

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Understanding ASEAN: Seven things you need to know

Understanding ASEAN: Seven things you need to know | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Southeast Asia is one of the world’s fastest-growing markets—and one of the least well known. A McKinsey & Company article.
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Selected Readings on Thomas Piketty's "Capital in the 21st Century" and the Discussions about its Methodological / Empirical Relevance & Possible Effects on Economics (or Economic Policies)

Selected Readings on Thomas Piketty's "Capital in the 21st Century" and the Discussions about its Methodological / Empirical Relevance & Possible Effects on Economics (or Economic Policies) | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
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Eli Levine's curator insight, April 30, 9:38 AM

In short, as people on the top make more money, more wealth becomes available to be placed into capital markets as opposed to earned income or other productive work.

 

Whoever told you that bankers and investors like risk is telling you a lie, since most of the wealth seems to get funneled into low-risk money market and savings accounts which then aren't used for investing in real projects.  The banks and the stock markets do great, while everyone else gets left behind economically and environmentally.

 

Hopefully society will be able to correct and compensate for these problems through its members' influence on the government institutions.  If peaceful democratic methods fail to get people what they need, then all Hell is likely to break lose on the rich, should conditions change for the worse or remain abjectly mediocre for a majority of people.  The anger and frustration is real and the environment is changing for our worse due to our economic activity.  It really should not be discounted or rationalized away by the bankers, investors and executives who own most of everything, if they're acting in their own actual self interests within the context of our society and our environment that we all need to survive.

 

A shame that so many people who are so inept at basic survival skills reach places of such great influence in our social worlds.

 

Think about it.

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"The Growing Divide Within Developing Economies"
(Dani Rodrik examines why informal and traditional sectors are expanding, rather than shrinking.)

"The Growing Divide Within Developing Economies"<br/>(Dani Rodrik examines why informal and traditional sectors are expanding, rather than shrinking.) | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Look around the developing world and you will see a bewildering fissure opening up between economies' leading and lagging sectors. Worse, in many developing countries, the share of employment in these low-productivity sectors is expanding.
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G20 gives US ultimatum over IMF reform

G20 gives US ultimatum over IMF reform | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

The G20 has given an ultimatum to the US to pass reforms to the International Monetary Fund or risk being left out of new changes.

 

Finance ministers in Washington for the spring meetings of the IMF and World Bank said they were “deeply disappointed” by failure to implement changes agreed in 2010, and gave the US until the end of the year to do so.

 

The communique highlights how growing frustration with the US for holding up reform is threatening its economic influence and predominance at the institution which governs the global financial system.

 

“We are committed to maintaining a strong and adequately resourced IMF,” says the communique. “If the 2010 reforms are not ratified by year-end, we will call on the IMF to build on its existing work and develop options for next steps.”

 

The US is the sole roadblock to completing the IMF reforms. The Obama administration supports the changes but has been unwilling to meet the high political price demanded by Republicans to get them through Congress.

 

The changes would double the IMF’s quota – in effect its equity capital – to $720bn; shift six percentage points of total quota to emerging markets; and move two of the 24 IMF directorships from European to developing countries.

 

Despite the ultimatum, it is not clear what next steps the G20 could take, since the US has a blocking minority of votes at the fund – which is the reason its inaction has delayed the reforms in the first place.

Emerging markets have grown more and more frustrated, as their current quota does not represent their growing weight in the world and economy, and they believe the IMF was too ready to offer loans to eurozone countries on terms that would not have been extended to poorer nations.

 

Otherwise, the G20 finance ministers agreed little of substance, mainly repeating a call for structural reforms and investment to promote growth.

 

The communique says the G20 is “committed to developing new actions” that “lift and rebalance global demand and achieve exchange rate flexibility”. However, it does not single out any issue such as renewed currency intervention in China, and emerging current account surplus, or emerging market concerns about the US Federal Reserve's exit from easy monetary policy.

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What drives the German current account? And how does it affect other EU member states?

What drives the German current account? And how does it affect other EU member states? | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany’s current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive shocks to the German saving rate and to ROW demand for German exports, as well as German labour market reforms and other positive German aggregate supply shocks.  The convergence of  REA interest rates to German rates due to the creation of the Euro only had a modest effect on the German current account and on German real activity. The key shocks that drove the rise in the German current account tended to worsen the REA trade balance, but had a weak effect on REA real activity. Our analysis suggests these driving factors are likely to be slowly eroded, leading to a very gradual reduction of the German current account surplus. An expansion in German government consumption and investment would raise German GDP and reduce the current account surplus, but the effects on the surplus are likely to be weak.

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Warfare and the Invention of GDP

Warfare and the Invention of GDP | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Contrary to current efforts to reflect happiness, GDP was invented to prepare nations for warfare. By Diane Coyle.

 

Warfare is the mother of invention. Many new technologies that end up in use in civilian life have been spurred by the demands of conflict — and funded by the military.

 

Among these inventions, ranging from the Internet to Teflon, radar to programmable electronic computers, is Gross Domestic Product. GDP is one of the many inventions of World War II.

 

But the use of national accounts for the purposes of warfare started much earlier. In 1665, a British scientist and official, William Petty, produced estimates of the income and expenditure, population, land and other assets of England and Wales.

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Batmayacak kadar büyük

Batmayacak kadar büyük | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Dünya ekonomisi 1980’li yıllardan itibaren finansal serbestleşmenin bir sonucu olarak daha fazla bankacılık krizi, likidite krizi ya da genel ifade...
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Statistical detection of systematic election irregularities

Statistical detection of systematic election irregularities | "GE" | Global Economy - Küresel Ekonomi | Scoop.it

Democratic societies are built around the principle of free and fair elections, and that each citizen’s vote should count equally. National elections can be regarded as large-scale social experiments, where people are grouped into usually large numbers of electoral districts and vote according to their preferences. The large number of samples implies statistical consequences for the polling results, which can be used to identify election irregularities. Using a suitable data representation, we find that vote distributions of elections with alleged fraud show a kurtosis substantially exceeding the kurtosis of normal elections, depending on the level of data aggregation. As an example, we show that reported irregularities in recent Russian elections are, indeed, well-explained by systematic ballot stuffing. We develop a parametric model quantifying the extent to which fraudulent mechanisms are present. We formulate a parametric test detecting these statistical properties in election results. Remarkably, this technique produces robust outcomes with respect to the resolution of the data and therefore, allows for cross-country comparisons.

Aykut Kibritçioğlu's insight:

Türkiye'de 30.3.2014'te yapılan yerel seçimlerle ilgili usulsüzlük ve hile iddiaları giderek artıyor. Ankara ölçeğindeki seçim sonuçları ile ilgili maddi hata ve sahtekarlığın "alt sınırı" hakkında bir fikir edinmek için şu bağlantıdaki kaynakları inceleyebilirsiniz:

https://twitter.com/akibritcioglu/status/450988177130405889

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Outernet - Information for the World from OuterSpace

Outernet - Information for the World from OuterSpace | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
Outernet is a project to take the best content from Internet and make it available to the world for free using 150 micro satellite broadcasting from 600km above Earth.
Aykut Kibritçioğlu's insight:

For more Info:

 

http://en.wikipedia.org/wiki/Outernet

 

Forget the Internet - soon there will be the OUTERNET: Company plans to beam free Wi-fi to every person on Earth from space

http://www.dailymail.co.uk/sciencetech/article-2552177/Forget-Internet-soon-OUTERNET-Company-plans-beam-free-wi-fi-person-Earth-space.html

 

Project "Outernet" looking to bring free Internet to entire world

http://phys.org/news/2014-02-outernet-free-internet-entire-world.html

 

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Forget the BRICs; Meet the PINEs | TIME

Forget the BRICs; Meet the PINEs | TIME | "GE" | Global Economy - Küresel Ekonomi | Scoop.it
While many emerging markets are taking a beating, a fantastic growth story in the developing world is widening and drawing in new countries

 

Emerging markets are taking a beating these days, most of all the famous BRIC economies ­— Brazil, Russia, India and China. These four once seemed poised to dominate a post-American world. Not anymore. Brazil and India are posting growth rates that are only a fraction of what they were a couple of years ago. Russia’s prospects, already hampered by an overbearing state, are unlikely to improve as its aggressive moves into Ukraine could force Europe and the U.S. to impose economic sanctions. Even mighty China, while still notching admirable growth, must confront rising debt and a distorted financial system. The supremacy of the emerging world suddenly seems very far off.

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