Economy

Mohammad Anas Wahaj | 05 jul 2013

US economy is getting back on track although there are some global concerns and issues. Recent report from US Trust suggests 10 aspects of the US economy that will keep it at the top position for many years - (1) Largest and most productive (1/5th of the global GDP with only 4.5% of world population) (2) Largest producer of manufactured goods (manufacturing output of US$ 1.9 trillion in 2012) (3) Largest exporter of goods and services (exports of US$ 2.2 trillion in 2012) (4) High FDI inflows (15% of the global total) (5) Top global brands (8 out 10 were American) (6) Technology leader (31.6% of total global IT spending) (7) World's best educational institutions (8) US Dollar is the world's reserve currency (62% of global central bank reserves as of 4Q of 2012) (9) Most competitive economy (ranked 7th on WEF global competitiveness) (10) Surge in domestic crude oil production (exceeded imports for the first time in 16 years). Read on...

Business Insider: 10 Reasons Why America Will Continue To Dominate The Global Economy For Years
Author: Steven Perlberg

Mohammad Anas Wahaj | 03 jul 2013

According to Professor N. Gregory Mankiw of Harvard University, the rising inequality in US is a result of the earnings gap between the skilled and unskilled workers. He says that rising demand of technology skilled and highly educated labor has given rise to high income group of individuals in the society that was not possible in the past. Therefore rise in income inequality is not merely a result of inefficiency and inequality of opportunity. Read on...

Forbes: In Defense Of The One-Percenters
Author: Robert Lenzner

Mohammad Anas Wahaj | 11 may 2013

Building knowledge economy is essential for sustainable growth and providing individuals with increased income and meaningful work. To have a knowledge driven economy countries would need accessible quality higher education; advanced technology enabled information infrastructure; research and development focus; creativity and innovation; better economic institutions and freedom to collaborate and share knowledge and information. ASEAN countries are struggling to evolve into knowledge-based economies with an exception of Singapore. There are multiple challenges particularly in the higher education and skills development, adoption of advanced technologies and innovation. More consolidated and cooperative approach with focus on knowledge economy is required by ASEAN countries to reach their full potential. Read on...

The Nation: How to build Asean's knowledge economy
Author: Bindu N. Lohani

Mohammad Anas Wahaj | 30 apr 2013

Global financial leaders are concerned about the state of world economies that are showing slow growth and high unemployment. In recent IMF and G20 meetings, these serious issues are discussed but no consensus has been achieved regarding the policy initiatives to be taken to boost growth. Some countries favor less austerity measures and more government stimulus while others insist on reducing budget deficits. Other concerns include use of currency as a leverage tool by nations and international tax evasion and avoidance through tax havens. Read on...

newser: World finance leaders issue sober assessment on global economy growth - Jobs in short supply
Author: NA

Mohammad Anas Wahaj | 13 apr 2013

World's population by 2050 is expected to be greater than 9 billion. To achieve 'Food Security for All' is challenging but achievable. It requires coordinated and converged efforts of the governments, public and private organizations, NGO's, farmer groups and individuals to promote agricultural research and innovation; empower and support smallholder farmers and rural communities; strengthen market linkages and create efficient and streamlined agricultural markets; promote sustainable and affordable agricultural practices; and encourage investments in agricultural sector. For 'Hunger Free World' everyone has to start and continue doing their bit locally and globally with a focus to 'Feed All'. Read on...

UN Dispatch: Can We Feed the World?
Author: Mark Leon Goldberg

Mohammad Anas Wahaj | 10 mar 2013

Post industrial society is often attributed to the rise of information economy and technologies that have transformed the way information is created, shared and used for social and business purposes. But an interesting trend that evolved all around the world is the continued success of the traditional businesses that produce material goods, contrary to all that we might expect. Improved processes and technologies in physical production sectors like agriculture, energy and manufacturing, have led them to be the winners and withstand recession in a better way and have outperformed information age businesses. Read on...

New Geography: THE REAL WINNERS OF THE GLOBAL ECONOMY - THE MATERIAL BOYS
Author: Joel Kotkin

Mohammad Anas Wahaj | 05 feb 2013

Considering that '2 billion people live and work on small farms' in the developing world, a global strategy and commitment is imperative to bring them out of poverty. In addition to improvement in farm yield and production methods, new processes can be applied to bring operating efficiency in the supply chain and the market systems. Read on...

the guardian: Beyond the farm - promoting agribusiness as a way out of poverty
Author: Cheryl Conner

Mohammad Anas Wahaj | 04 feb 2013

'Migrant Money' contributes substantially to the economies of the developing countries in particular. Migrant workers transfer $500billion annually to their home country. The World Bank further predicts its rise. Read on...

the guardian: How migrants' money makes the world go round
Author: Jemma Buckley, Hasna Haidar, Claire Provost

Mohammad Anas Wahaj | 30 jan 2013

Countries ridden with violence and conflicts were the once that lagged behind most in terms of achieving MDG'15 (Millennium Development Goals'2015). The focus of MDGs was poverty, illiteracy, disease & hunger. Now the experts are meeting to define the agenda for the next set of MDGs. As suggested by an expert these should be focused on peace, security and freedom from fear. Long term prosperity can only be achieved through peace, respect for human rights and proper enforcement of law and justice mechanism. Read on...

Project Syndicate: A Peace Agenda for Global Development
Author: Graca Machel

Mohammad Anas Wahaj | 20 jan 2013

'Inclusive Innovation'- OECD's new report focuses on use of information techs and innovation to improve the conditions of low income groups in society. Developing nations should utilize ICT & innovations in agriculture, health, education etc to bridge the gap between the haves and have-nots. OECD, although a group for developed nations, is now proposing to influence the development in the developing & poor nations. Read on...

SciDev Net: Use innovation to ease inequality in poorer nations, says OECD
Author: Munyaradzi Makoni

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