danieldwilliam: (economics)
[personal profile] danieldwilliam
Here are some economic trends I think are important.

Globalisation -

a) ability of goods and services, capital and people to move anywhere in the world

b) technology transfers from rich countries to poor countries that allow firms in poor countries to mass produce products for sale to rich countries or each other

Automation

the ability of machines to perform tasks with out human control or physical effort - ranging from simple automated production processes through to more complex processes requiring manipulation and processing of data during the production process in order to produce a final good or service

Betterment

The ability of an automated process to have access to the best control systems, the best information, the best expert system or the best design of outputs through the use of non-rivalous software.

Western Productivity

The slow and slowing growth in how much valuable work people can do in rich parts of the world.

Aging

The average age is increasing almost everywhere. In poor countries this is largely because children are living in to adulthood more often. In rich countries it is because adults are becoming old more ofren. Everywhere the demographic pyramid is becoming more of column with equal numbers of people in each age band.

Enrichment

The poor are becoming less poor. Global Income Inequality is falling. Many poor countries are getting richer and many, many poor people in poor countries are getting richer. By 2030 there will probably be as many people in China who earn more than the average European wage than there are people in Europe.

Energy Prices

A world with abundent, cheap, clean energy is a very different world to one with shortages of energy and energy that is expensive or polluting. Personally I think we're about to enter a long period of steady reductions in energy prices and steady improvements in the amount of energy available and the cleanliness of that energy but I could be wrong.

Climate Change

We're already released so much carbon dioxide in to the atmospher that we are already going to have significant climate change. Change presents opportunities and challenges but I think globally rather more challenges than opportunities come from climate change.
From:
Anonymous( )Anonymous This account has disabled anonymous posting.
OpenID( )OpenID You can comment on this post while signed in with an account from many other sites, once you have confirmed your email address. Sign in using OpenID.
User
Account name:
Password:
If you don't have an account you can create one now.
Subject:
HTML doesn't work in the subject.

Message:

 
Notice: This account is set to log the IP addresses of everyone who comments.
Links will be displayed as unclickable URLs to help prevent spam.

Profile

danieldwilliam: (Default)
danieldwilliam

June 2017

S M T W T F S
    123
45678 910
11121314151617
18192021222324
252627282930 

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jun. 23rd, 2017 07:09 pm
Powered by Dreamwidth Studios