Post(s) tagged with "Economics"
The industrial revolution didn’t happen everywhere at the same time, but it did have the sam effect everywhere: massively rising GDP/person.
The Japanese and Chinese stories are the most dramatic. Japan, which was behind Eastern Europe before World War I, nearly caught the United States by the end of the 20th century. China, which fell behind Africa in the middle of the 20th century, is now perhaps the most massive success story in industrialization history.
Source: The Atlantic
…One way to read the graph, very broadly speaking, is that everything to the left of 1800 is an approximation of population distribution around the world and everything to the right of 1800 is a demonstration of productivity divergences around the world — the mastering of means of manufacturing, production and supply chains by steam, electricity, and ultimately software that concentrated, first in the West, and then spread to Japan, Russia, China, India, Brazil, and beyond.
Source: The Atlantic
It’s striking just how closely related inequality and mobility are. And it’s political dynamite. Why? If income inequality in one generation can be linked to unequal opportunity in the next, then income inequality can’t just be dismissed as the politics of envy. My bet is that this chart that will launch a thousand papers, as economists try to sort out just what these linkages are. Whatever the answer, it will transform our thinking about inequality.
Robert Neuwirth: 1.8 billion people on the planet live in an economy outside legal spheres - an economy that grows faster that the regulated economy
Robert Neuwirth (PopTech 2011) tells us about life in the informal economy, what French culture classifies as System D. 1.8 billion people on the planet subsist through economic transactions that happen outside legal spheres and, by 2020, two thirds of our planet will be doing business in this domain. The future is the free market vs. the flea market.
This is also in line with some other megatrends (gigatrends?) which points out that power and influence moves from institutions to the individuals, who of course will do something about their situation if no one else does.
An interesting aspect of this is that Robert Neuwirth don’t mention the relation to the prosumer economy - an economy without money, but which creates and exchanges huge amount of value, and which is also probably growing much faster than than the regulated money economy.
05/12/11 - The gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report.
“Divided We Stand: Why Inequality Keeps Rising” finds that the average income of the richest 10% is now about nine times that of the poorest 10 % across the OECD.
The income gap has risen even in traditionally egalitarian countries, such as Germany, Denmark and Sweden, from 5 to 1 in the 1980s to 6 to 1 today. The gap is 10 to 1 in Italy, Japan, Korea and the United Kingdom, and higher still, at 14 to 1 in Israel, Turkey and the United States.
To me as a Swede it is really sad to see that Sweden seems to lead the race from equality since we have lost most percentage wise…(via Society: Governments must tackle record gap between rich and poor, says OECD)
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P A Martin Börjesson
To be able to see the future emerge we have to throw a wide net to catch the weak signals. In this tumble I collect things I find valuable for my work as scenario planner, strategist and futurist - for more info about me go to www.futuramb.se.
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