Monday , October 3 2022

7 police that will change the future of the economy



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The advent of the Internet to the world at the beginning of the 90s is one of the last changes of a paradise that has significantly transformed the economy and the life of the people.

The Internet was changing with a radical (or virtually radical) impact, arguing by Jeff Desjardins, editor of the book "Visualizing change: snapshot by data from a world" as the hellocentric model Nicolaus Copernicus get once Theory Relevance by Albert Einstein.

In the business world, it adds the founder of the Visual Capitalist website, Technological transformation is the most obvious way of driving changes in markets.

But also people can drive the new consensus in this area (such as Steve Jobs, Warren or Jeff Bezos); through innovative models (such as SpaceX, Uber or Spotify); through changes in consumer thinking (such as the obligation towards renewable energy); or by changes in the balance of economic influence in the world (such as China's progress).

"That's just that great opportunities they can come from anywhere, "said Desjardins.

"Tomorrow's paradigm shift is happening somewhere today," he added.

And it can come hand in hand with Africa's economic growth, an explosion cryptocurrencies, from omnipresence artificial intelligence, the green revolution, or any other site, the editor states.

In this article, we choose some of the forces that will change the future of the economy, according to the information found in the book.

1. Assault of technological giants

For decades, world-leading companies have an industrial focus on large-scale mass production or extraction and natural resource processing.

There are really companies like Ford, General Electric, Exxon or Mobil.

Over time, companies dedicated to the financing, telecommunications or sales of sector products reached the top ten companies with the highest market value. retail.

But now technology and commerce have come together in a way that does information it has become more valuable than physical assets.

Changing the pattern has accelerated so rapidly, in the past five years, that the list of largest companies trading on the stock exchange has radically changed, as this graph shows.

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2. Increase the pace of Chinese growth

Although something new is not, what is striking is the speed that the economy and Chinese technological development promotes.

Currently, China has cities whose economic productivity is more than all countries.

In fact, the country has more than one hundred cities with more than one million inhabitants. I've been developed on the basis of factories, extraction of natural resources or data handling.

An example is the development of cities around the Yangtze River, where Shanghai, Suzhou, Hangzhou, Wuxi, Nantong, Ningbo, Nanjing and Changzhou are located.

The last, with Gross Domestic Product (GDP) of US $ 2.6 billion, higher than Italy.

At present, calculations show that China will be in the economy with the fastest growth rate (35.2%) between 2017 and 2019, and by 2030 will surpass the United States as a leading economy & # 39 ; r world.

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3. Increase of the megacities

In the next decades, the growth of the population of the cities will transform the global economy.

The projections suggest that western and China countries will see the stabilization of birth rates, while African countries and some of the rest of Asia will experience prosperity demographic and rapid urbanization.

This highly studied phenomenon is called the increase of the megacities.

By the end of this century, Africa will have at least 13 megacities more than New York.

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4. The increase in debt

The accumulated debt is over $ 240 billion in the world, which governments are due to US $ 63 billion.

The US, Europe and some emerging economies have increased their due level in recent years, taking advantage of the low interest rates cycle.

Recently, USA The level of its debt has increased, while the country's financial deficit continues to grow rapidly.

As a percentage of Gross Domestic Product (GDP), Japan has a debt of 253%; United States of 105%; Spain 98%, United Kingdom 85%, Brazil 74% and Mexico 46%, to name a few examples.

And most countries are the United States, Japan and China and the largest debt collectors in relation to the others.

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5. Speed ​​of technological change

Excellent technological innovation in modern history was, for example, the creation of electricity, the phone, the car or the plane.

Due to increasing these products, in some cases, several decades, taking into account the time that ended between the first prototype and the product's adoption widely by consumers.

It is estimated that the car case is about six decades; and telephone, pump; and credit cards, over 20 years.

Today, however, the time when the market is adopting new technology can only be a few months.

6. Commercial barriers

After World War II, the world has tended to eliminate trade barriers between countries.

However, this trend has recently been challenged by countries like the United States, in 2018, which were qualified tariffs for a number of Chinese products, releasing a million dollar trade war between Washington and Beijing.

The suspicion in this sense is whether the world will continue to move towards free trade or if the new rules of the game arise in commercial relations between countries, a phenomenon the book describes as "commercial paradox" .

7. The green revolution

The increasing use of renewable energy has accelerated in recent years, as production costs have reduced and technologies in advance.

Some projections show that the sun and wind in two decades will have almost half the electric capacity installed in the world.

Others indicate that around 1,000 million electric cars will convert the world by the year 2047.

And that the global energy cleaner investment could reach US $ 10.2 billion in the year 2040, according to the figures presented by the book.

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