Good news. There is light at the end of the tunnel in the second decade of the millennium as we put the recession behind us. We learnt valuable lessons from the dark days of the 2007/8 economic crisis.
So how will advances in technology – and how we use it, the emerging of under-developed economies and the next generation in the workplace affect global economy trends?
1. BRIC competition
Two of China’s main export manufacturing areas are suffering from an acute shortage of migrant workers,
giving laborers more leverage over wages and curtailing the expansion plans of some companies.
The shortfall is especially severe in the service and manufacturing industries.
The regions most affected, both of them coastal, are
London’s change-makers have often found a home on the City’s eastern fringe—especially immigrants and artists—
but in recent decades their wares have usually been cultural rather than commercial.
In 2008, though, followers of the technology industry began to talk excitedly about a cluster of internet start-ups
in the Shoreditch area, near the ugly Old Street junction, to the north-east of the financial district.
The number of Chinese students studying in the United States surged 30 percent in the 2009-10 academic year,
making China the top country of origin for international students,
according to “Open Doors,” the Institute of International Education’s annual report.
The report found that a record high of 690,923 international students came to the United States for the previous academic year —
nearly 128,000 of them, or more than 18 percent, from China.
Just before Christmas, we ran a long analysis of China’s complex housing situation, noting that,
despite a literal over-abundance of housing in general, and luxury dwellings in particular, residential real estate prices are continuing to rise ,
even though there are clearly hundreds of millions of poor Chinese who are in need of a major housing upgrade.
President Obama will travel to Arizona on Wednesday to attend a memorial service in Tucson,
a White House official said Monday.
The president will also visit the family of Ms. Giffords and other victims, the official said,
and likely deliver his first expansive public remarks since the shooting rampage,
according to this – quietly placed – item from the New York Times.
11 January 2011. By David Caploe PhD, Chief Political Economist, EconomyWatch.com.
Ever since the regime of Ronald Reagan, American political discourse has been in steep decline.
His allegedly “sunny” disposition aside, Reagan was a master of rhetorical invective and radical oversimplification,
never failing to use the most divisive possible terms to describe people and policies he disliked.
Devastating floods in the northeast Australian province of Queensland, inundating an area the size of France and Germany, could cost the economy there more than AUD 6 billion.
Analysts predict the floods, which have affected more than 200,000 people, will cost the economy $6 billion, not including clean-up costs, with mining and agriculture the worst affected
Queensland Premier Anna Bligh, who toured flood-affected regions with Prime Minister Julia Gillard, said the damage bill would be huge.
