Post(s) tagged with "Economy"
What’s happening to global incomes
Now here’s an interesting graph, courtesy of the World Bank’s resident inequality guru, Branko Milanovic. It shows change in real incomes over the period of 1988 to 2008 at different percentiles of globa…
Interesting! Note especially the increasing gap in the West which will most likely continue to increase the tension we are already starting to feel.
And that huge dip between the 75th and 85th percentiles? Why, that’s the squeezed middle in developed countries, plus a lot more people in Latin America and former Communist countries – watching their incomes stagnate while those just to the right of them hoover up globalisation’s winnings.
On the Money, Networked Society - Ericsson (by Ericsson)
One issue here is the rise of the reputation economy, another convertible currency which is, and has always been, the key to the access to resources and cash. The digital world is a new way of managing, growing and harvesting the value of your reputation. A good and valid point, but the digitalization also increase the risk of destroy a reputation as well. This is a huge challenge to manage as well…
The other point they try to make in this film is that digitalization of economy will leads to a wider distribution of wealth through the democratization of access to digital tools is a more problematic one. You can think so when seeing the spread of wealth to e g Africa. On the other hand the rapidly increasing of wealth polarization to an extremely small group of people is due to another property of digital money:
- digitalization makes it is much more easy to tap off money from an increasing amount of small money streams automatically and at a greater than industrial magnitude
- there is with modern digital financial instrument virtually no limit to how much money you can gather and defend without having to increase your cost of defending it or increase your risk of losing it
The attention is, like many of us have predicted, continuing to shift towards Africa
The continent’s consumer-facing industries are expected to grow by $400 billion, representing its single-largest business opportunity, by 2020. But many companies don’t know how to translate this potential into action, because of a dearth of market research. That, however, is changing. In one of the first studies of its kind, McKinsey’s Africa Consumer Insights Center surveyed 13,000 consumers in ten African countries, with a focus on the largest cities. Five categories of consumption were covered: apparel, financial services, groceries, the Internet, and telecommunications.
Economist Joe Cortright compared growth in miles driven per capita before and after five recessions. He found that, unlike in the past, drivers are logging fewer miles, not more, during this economic recovery. Image: Joe Cortright/CEO…
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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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