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Japan stocks fall to 2-week low on concerns about global economy, Fed - Reuters UK

Japan's Nikkei share average fellto a two-week low on Monday, as drops in the U.S. and Chinesemarkets plus weak commodity prices fuelled concerns aboutslowing global growth. Also denting
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Current Affairs: Socio-Economic and Political Development of Malaysia, Singapore and Indonesia

Current Affairs: Socio-Economic and Political Development of Malaysia, Singapore and Indonesia | Global Economy | Scoop.it
Current Affairs: Socio-Economic and Political Development of Malaysia, Singapore and Indonesia Political, economic and social developments go hand in hand. Government leaders need to maintain political stability and freedom before promoting economic dynamism and social awareness. Innovation, communications and flexibility are equally important components. Three nations in Southeast Asia will be the focus of this treatise. MalaysiaMalaysians have become more confident and empowered nowadays. Citizens of this country have become more urbanized and learned how to collaborate even in di
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Why Automation Means We Need a New Economic Model

Why Automation Means We Need a New Economic Model | Global Economy | Scoop.it

The combination of advanced sensors, voice recognition, artificial intelligence, big data, text-mining, and pattern-recognition algorithms, is generating smart robots capable of quickly learning human actions, and even learning from one another.


If you think being a “professional” makes your job safe, think again.



Via Kenneth Mikkelsen
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Kenneth Mikkelsen's curator insight, March 26, 9:30 AM

The economy toward which we’re hurtling — in which more and more is generated by fewer and fewer people who reap almost all the rewards, leaving the rest of us without enough purchasing power – can’t function.


Miklos Szilagyi's curator insight, March 27, 3:23 AM

"...A future of almost unlimited production by a handful, for consumption by whoever can afford it, is a recipe for economic and social collapse.

Our underlying problem won’t be the number of jobs. It will be – it already is — the allocation of income and wealth.

What to do?

“Redistribution” has become a bad word.

But the economy toward which we’re hurtling — in which more and more is generated by fewer and fewer people who reap almost all the rewards, leaving the rest of us without enough purchasing power – can’t function..."

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Why Would the Average Person Adopt Bitcoin? - An Open Letter -

Why Would the Average Person Adopt Bitcoin? - An Open Letter - | Global Economy | Scoop.it
“ @BrianM_Butler I’m really not qualified, the economics baffles me. But the idea of creating money ex nihilo by hard calculation fascinates.”
Via jean lievens, Juanjo Pina
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The Sharing Economy Isn’t About Sharing at All

The Sharing Economy Isn’t About Sharing at All | Global Economy | Scoop.it
It’s about access and convenience, not community.
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SA the fourth fastest growing digital economy worldwide, largest in Africa

SA the fourth fastest growing digital economy worldwide, largest in Africa | Global Economy | Scoop.it
Falling in just behind China, Malaysia and Thailand, South Africa also holds pole position as Africa’s largest digital economy.
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F20 Summit tackles global farming potential - Agriculture - Agribusiness - General News - Farm Weekly

F20 Summit tackles global farming potential - Agriculture - Agribusiness - General News - Farm Weekly | Global Economy | Scoop.it
DESPITE skyrocketing population growth and declining land and water, farmers – particularly in Australia – could be far more productive food producers.

Via Stéphane Bisaillon
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GNG's curator insight, November 26, 2014 9:03 AM

Terrific insights about global food security!

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Concerns about state of global economy have increased: UK's Osborne

Concerns about state of global economy have increased: UK's Osborne | Global Economy | Scoop.it
LONDON (Reuters) - Stagnation in the euro zone, recession in Japan and geopolitical crises have increased concerns about the state of the global economy, British finance minister George Osborne said on...

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Oldest and Youngest Populations

Oldest and Youngest Populations | Global Economy | Scoop.it

"There are 1.2 billion people between the ages of 15 and 24 in the world today — and that means that many countries have populations younger than ever before.  Some believe that this 'youth bulge' helps fuel social unrest — particularly when combined with high levels of youth unemployment.  Youth unemployment is a 'global time bomb,' as long as today’s millennials remain 'hampered by weak economies, discrimination, and inequality of opportunity.'  The world’s 15 youngest countries are all in Africa.  Of the continent’s 200 million young people, about 75 million are unemployed.

On the flip side, an aging population presents a different set of problems: Japan and Germany are tied for the world’s oldest countries, with median ages of 46.1. Germany’s declining birth rate might mean that its population will decrease by 19 percent, shrinking to 66 million by 2060. An aging population has a huge economic impact: in Germany, it has meant a labor shortage, leaving jobs unfilled."


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Max Minard's curator insight, March 22, 9:04 PM

This map shows the average age for every country based on its own individual population. It even provides the oldest and youngest countries with Niger being the youngest country on average and Germany and Japan tied for the oldest country on average. certain patterns can be seen on the map such as the green areas (teens as median age) being mainly centered is almost all of Africa. The other areas are in the twenties. Based on this information, one can safely assume that the average global ages correlates with the relative development of each country and it s success in domestic health care. Having this allows for their population to have a larger life expectancy and therefore a higher average age based on its overall population. 

Kristen Trammell's curator insight, March 23, 12:05 PM

I. Using the data from CIA Facebook, global post created a map illustrating the median ages of countries around the world. The world’s fifteen youngest countries are all located in Africa. The high number of teenagers in developed countries leads to youth unemployment which leads to the countries being “hampered by weak economies.” 

 

II. The distribution of ages effects countries by “weak economies, discrimination, and inequality of opportunity.” Although countries with a fixed population of a young age can be detrimental, a country with an aging population can lead to a declining birth rate. This leads to labor shortages in the future which additionally stifles the economy.  

Brian Wilk's curator insight, March 23, 7:08 PM

Demographics seemingly started with age as a metric many years ago and have evolved into marketing tools, political footballs, and ways to combat everything from obesity to social security. Africa is clearly the youngest and probably for a very morbid reason; AIDS and Ebola among other diseases have taken their toll on the sexually active and thus have reduced the average age of their population.

Germany seems to be the place to go for a job as the labor shortage will mean higher wages for the folks who are left. Japan has another issue; a healthy aging population that will strain the government's ability to financially take care of them.

I wonder if the unevenness of Europe is an indication of the two World wars that were fought mostly on the turf. Did some countries lose more than others? If more soldiers, presumably of baby making age, perished did this affect the countries ability to keep pace with the Germany's and Spain's of Europe?

Diet seems to play a large part as well as the Mediterranean is well represented in terms of age. Does their healthy diet of fish, nuts, legumes and olive oil make a difference?

I could spend all day postulating, but I'll leave some of the findings for you to discover...

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Unrevealed Facts on Twitter: "This photo really puts into perspective just how massive Tokyo is. http://t.co/KApWijmyIn"

Unrevealed Facts on Twitter: "This photo really puts into perspective just how massive Tokyo is. http://t.co/KApWijmyIn" | Global Economy | Scoop.it
RT @UnrevealedFacts: This photo really puts into perspective just how massive Tokyo is. http://t.co/KApWijmyIn
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Japan Says Economy Contracted 7.1 Percent in 2Q

Japan Says Economy Contracted 7.1 Percent in 2Q | Global Economy | Scoop.it
Japan's economy shrank more sharply in the second quarter than first estimated and the latest indicators suggest only a modest bounce back since then.
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Essays in Monetary Theory and Policy: On the Nature of Money ...

Essays in Monetary Theory and Policy: On the Nature of Money ... | Global Economy | Scoop.it

The discrepancy between the orthodox (primarily neoclassical) and the heterodox (Post Keynesian, Chartalism, MMT, etc.) schools of thought rests fundamentally in their different perception in the way the capitalist economy functions.  Such discrepancy can be described in the contrast between C – M – C’ and M – C – M’.  The orthodox school holds the former view that depicts a barter economy in which the end purpose of production is consumption.  Individuals innately engage in production because of the urge to truck and barter.  Money merely facilitates the exchange of goods and services and cannot affect production decisions.  The heterodox school, however, asserts the latter view that depicts a monetary production economy in which production is always financed through money and would not take place unless more money expects to be realized through sale of goods and services.  Hence, the orthodox school asserts money neutrality (at least in the long run) since money is simply the medium of exchange.  The heterodox school rejects money neutrality since money not only finances production but also serves as its end goal.  The distinction between the barter and the monetary economy, as discussed above, thus necessarily implies a very different understanding of the nature, origin, and role of money between the orthodox and the heterodox school of thought.  The purpose of this paper is, through examining the nature and origin of money in a historically grounded context, to demonstrate that the orthodox school of thought has completely mistaken the nature of money and consequently misinterpreted the nature of the capitalist economy.  Such theoretical misunderstanding is devastating because it manifests wrong policies that continually fail to address economic and social problems threatening a capitalist society.  Based on the heterodox theory of money, the paper also intends to shed light on alternative guiding principles behind monetary and fiscal policies.

 

 


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L&G Chief Says UK Should Quit EU Without Better Deal - Wall Street Journal

L&G Chief Says UK Should Quit EU Without Better Deal - Wall Street Journal | Global Economy | Scoop.it
L&G Chief Says UK Should Quit EU Without Better Deal Wall Street Journal Prime Minister David Cameron has said he will renegotiate the U.K.'s relationship with the EU in order to reclaim powers over immigration and financial services regulation...
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China Stock Meltdown Just Created Global Economy Headache - Bloomberg

China Stock Meltdown Just Created Global Economy Headache - Bloomberg | Global Economy | Scoop.it
Bloomberg
China Stock Meltdown Just Created Global Economy Headache
Bloomberg
Exit strategies used to be the preoccupation of Pentagon planners.
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“The Future of Everything”

“The Future of Everything” | Global Economy | Scoop.it

Read 50 experts discuss their visions for the future of everything from technology to the music industry.



Via David Hain, Kenneth Mikkelsen
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Kenneth Mikkelsen's curator insight, January 29, 6:12 PM

In this collection, leading thinkers in fields from art to transportation offer their vision for what the decades ahead will look like.


  • Christopher Nolan, director of "Dark Knight" and "Inception," shares why he thinks movie theaters will survive
  • Lawrence Summers, former Treasury secretary, discusses the future challenges facing job creation
  • Alice Waters, renowned chef and author, outlines her vision for the future of food
  • Mark Zuckerberg, CEO and founder of Facebook, discusses bringing the internet to everyone globally
  • Linda Fried, Columbia dean and professor, shares her vision for the future of retirement in the U.S.
  • Taylor Swift, singer and songwriter, discusses the future of the music industry 


Download of the publication requires a WSJ+ membership from The Wall Street Journal


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Digital transformation requires better organisational structures ...

Digital transformation requires better organisational structures ... | Global Economy | Scoop.it
Digital transformation requires better organisational structures. by Lee Bryant, July 20, 2014 : No Comments. The following is an outline of the keynote I gave today at the 7th Social Business Forum in Milan, with slides embedded at the bottom ...
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Owning is the New Sharing

Owning is the New Sharing | Global Economy | Scoop.it
“ Image from OpenSource.com's article "Don't Build a Better Mousetrap. Change the Business Model."”
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Ferananda's curator insight, December 2, 2014 7:42 PM

Very informative article that offers a wide view of the potentials for humanity if we are to look closely to what ownership really means. We know we can have access to things without owning them. We also know that we can own different. Own together and be Response-able for what we own as a collective and individuals.  

 

As part of this article you will find great models and projects.

Crystal Arnold's curator insight, January 22, 7:30 PM

Essential to look at this level of how value is created and the entire ownership model. This provides some good models and projects. Its important to acknolwedge how we can access things without ownership -- and all be wealthier!

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Big Data Is Stopping Maritime Pirates ... From Space

Big Data Is Stopping Maritime Pirates ... From Space | Global Economy | Scoop.it
Somali pirates, made famous in a recent Tom Hanks film, are the scourge of the oceans.
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India less vulnerable to global shocks than before: HSBC

India less vulnerable to global shocks than before: HSBC | Global Economy | Scoop.it
India's external balance has improved as well, suggesting that the country is less vulnerable than before, the HSBC report said...
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Dollar Hits New Seven-Year High Against Yen on Fed Minutes - Wall Street Journal

Dollar Hits New Seven-Year High Against Yen on Fed Minutes - Wall Street Journal | Global Economy | Scoop.it
The U.S. currency pushed to a new seven-year high against the yen Wednesday, following the release of the minutes from the Federal Reserve’s latest monetary-policy meeting.
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HyperCities ~ New Learning Times

HyperCities ~ New Learning Times | Global Economy | Scoop.it

by Carmen James


"HyperCities is a dynamic educational project at the intersection of cartography and information visualization, humanities and technology, geography and digital space. The project has produced grounded cultural narratives in 27 international cities. HyperCities uses Google Maps and Google Earth (among other technologies, like GPS-enabled cameras and cell phones) to allow users to explore historical layers of city spaces. Accessing the cities and exploring them is straightforward. Once a city has been selected, users can select the time period or the area of the city they are looking to explore on the map. Within each frame, users can access everything from scholarly content to community-generated content. Users can also click on historic sites to learn more about them and overlay older maps of the same cities."


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Global economies wrestle with stall speeds - gulfnews.com

Global economies wrestle with stall speeds - gulfnews.com | Global Economy | Scoop.it
gulfnews.com Global economies wrestle with stall speeds gulfnews.com On balance, that is easily 1-1.5 percentage points below the developed world's longer-term, or potential, growth trend — a worrisome outcome, to say the least, for employment,...
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Scandal in Brazil The Petrobras affair - The Economist (blog)

Scandal in Brazil The Petrobras affair - The Economist (blog) | Global Economy | Scoop.it
The Economist (blog)
Scandal in Brazil The Petrobras affair
The Economist (blog)
“IF I talk, there won't be an election,” Paulo Roberto Costa, a former executive at Petrobras, was supposed to have warned.
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EU prepares compensation for farmers hit by Russia sanctions - EUobserver

EU prepares compensation for farmers hit by Russia sanctions - EUobserver | Global Economy | Scoop.it
EU prepares compensation for farmers hit by Russia sanctions EUobserver Agriculture commissioner Dacian Ciolos cut short his summer holiday to set up an expert panel last Friday (8 August) tasked with looking at the potential impact of the export...
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Indian meat industry worries about ‘war on meat’, says Euromonitor

Indian meat industry worries about ‘war on meat’, says Euromonitor | Global Economy | Scoop.it

India is fast emerging as one of the world’s biggest bovine meat exporters. This, however, does not sit at all well with the country’s newly elected Hindu nationalist Bharatiya Janata Party (BJP), which promised during its campaign to put a halt to the growing consumption and export of meat.

Domestic fresh meat sales, however, are currently doing exceedingly well, and it is questionable whether the government of an emerging economy with a poverty-stricken population can afford to clamp down on an important source of national prosperity.

BJP does not condone ‘pink revolution’

India’s meat industry is booming. Euromonitor’s data show that it sports the world’s largest herd of cattle, with 221 million animals in 2013, and that it also ranks as the fourth-largest beef producer behind the US, Brazil and China. India is also the world’s 15th-biggest exporter of meat and meat products, generating revenues of almost US$3.5 billion in 2013.

The Indian National Congress party (INC), which governed the country for 53 of the 66 years since India declared independence in 1947, was, on the whole, positively predisposed towards helping India’s meat industry grow.

But, as of May 2014, after a spectacular loss for the INC, India has a new government – the BJP – and this is making the country’s meat industry, which is dominated by Muslim-owned businesses, quake in its boots.

The BJP declared during its campaign that, once in power, one of its objectives would be to curtail India’s ‘pink revolution’. This is a reference to the ‘green revolution’ that took place during the 1950s and 1960s, brought about by modern agricultural inputs, which boosted crop yields significantly.

India’s new Prime Minister Narendra Modi, an observant Hindu and a committed vegetarian, seems to be taking particular umbrage at India’s rapidly growing beef exports. "What is the crime of my mother cow… that you are slaughtering her and selling in the international markets just to earn money," was one of Modi’s emotive statements on this matter, voiced during the election campaign.

It must be pointed out, however, that the slaughter and export of cows, which are sacred animals in Hinduism, is already prohibited in India. The country’s beef industry focuses instead on water buffalo meat, both for domestic consumption and export.

On the domestic consumption front, propelled by India’s growing middle-class consumer base, an expanding network of modern grocery retailers and a rampantly dynamic consumer foodservice channel, India’s internal fresh meat market has also been buoyant. Euromonitor International’s data show that beef and veal (water buffalo in this case) drove Indian fresh meat sales in 2013, outperforming poultry, lamb, mutton and goat, as well as pork. Beef and veal achieved volume growth of 9% that year, one percentage point ahead of fresh meat overall.

This dynamism held true throughout the 2008-2013 review period, with beef and veal delivering 47% volume growth, while pork achieved less than 10% and even poultry, which is still the most popular type of meat in India, only managed a 37% gain. Another factor bolstering the country’s domestic meat sales is India’s high inflation rate, which has served to diminish the gap between vegetable and meat prices. The prices of some types of pulses now exceed those of buffalo meat.

Will India really cut off its nose to spite its face?

It is not yet clear how and whether the BJP’s election promises will translate into concrete trade, agricultural and livestock production policies for India, but it is questionable whether, in reality, the party would be prepared to sacrifice the country’s economic growth and prosperity on account of religious sensibilities. India, after all, has far greater economic and social problems than the evils of meat consumption.

If the BJP is set to limit the amount of meat consumed, particularly within its borders, rather than implement obstructive policies that will only create anger and discontent, it would be far more advisable to employ indirect measures that would actually benefit its population on the whole. For example, by taking measures to ensure that protein-rich vegetarian foods, such as pulses and dairy products, are kept affordable, low-income consumers would not be pushed by purely economic needs to resort to meat in order to feed their families, potentially violating their religious principles.

We predict that over 2013-2018, unlike during the review period, fresh poultry in India will outperform beef and veal in terms of growth performance. We expect poultry volumes to increase by 31%, with beef delivering a slightly weaker 26% gain. On the whole, however, the dynamism of India’s meat market is unlikely to collapse.

India remains one of the countries with the lowest per capita meat consumption in the world, standing at just 5.6kg in 2013 – way behind the global average of 33.2kg. With a population of nearly 1.3 billion, even a tiny per capita consumption increase has the potential to translate into a significant rise in fresh meat volumes, not to mention the enormous potential for growth harboured by this latent market as it gradually creeps towards global average consumption levels.


Via Stéphane Bisaillon
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Pamela Hills's curator insight, August 10, 2014 9:06 AM

 Wow ! This a story had not heard about till now. In India animals are sacred hard believe be any export of meat <3