Category Archives: economy

Eureka: Creativity is hard work without rigidity by Akli Hadid

Something I noticed about the South Koreans is that they tend to be incredibly rigid until their business or team starts losing by alarming margins. That’s when, just as a technical knockout is about to be called, they tend to lose their rigidity and come up with creative plans to reemerge.

creat01_400As a coach I don’t really have rules for my team. A few guidelines, but no rules. You can check your phone all you want, you can chew gum, you can take toilet breaks, you can rest if you’re tired, you can talk with your teammates, take a nap, play music videos or use four letter words. What I want is those bad habits to gradually and naturally disappear, rather than policing my ten commandments for being the perfect team member. I don’t yell off the top of my lungs “thou shalt not use your phone during training sessions.” I let the guy or girl use their phone, or chew gum, or use four letter words, I don’t praise them for doing that, then one day at lunch I might tell them ‘is there a specific reason for you to use your phone so much?” Gradually my team members stop using their phone, stop chewing gum and stop playing music videos for their teammates to watch.

The advantage of not forcing myself on such small annoying habits is that on the playing field the team tends to play consciously on the field. They know there’s no right answer as to who to pass the ball or project to. They know they will need to improvise, to play by ear, to feel the chemistry around them while they’re on the field.

Read the whole article in Ovi Magazine, HERE!

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Eureka: Six ways to fix slow growth and recessions by Akli Hadid

growth01There are more than six ways to fix slow growth and recessions. But the following six ways are a good way to start getting out of the recession. The recommendations are in no particular order.

1- Getting out of debt

Getting out of debt is not rocket science. All you have to do is make a list of the people or institutions you owe money to, rank the creditors from the highest to the lowest, and start paying the lowest debt first because that’s the one that will have the highest interest rate, before you finish by repaying the one with the highest loan.

Getting out of debt means making a few sacrifices, so you probably shouldn’t be building skyscrapers or flamboyant statues of your leaders if you are heavily in debt. The debt advice applies to household as well as public debt.

2- Focus on the goods and services

One thing I find strange is very often those in charge of the economy look at the figures or numbers but rarely think of the economy as trading goods and services. Land can be considered a good, labor is a service, fruits and vegetables are goods, a haircut is a service. Of course numbers are important, but economic policy should enable an easy flow of goods and services traded for cash.

Read the whole article in Ovi Magazine, HERE!

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Needed: A New National Export Policy by Prof. Michael R. Czinkota

ovicover_07_02_17.gifThe Trump administration aims to lower imports in order to rebalance, after decades of neglecting economic relationships around the world. Doing so should not only be done by applying the stick of import reductions, but also by having as its second major claw of strength and refinement the principal tool of export promotion.

Exports make a firm’s markets grow and change its home nation’s currency value. When U.S. exports increase, the dollar typically goes up in value. Shrinking exports tend to weaken the dollar. Exports also shape public opinion of globalization and offer the opportunity for economies of scale. Higher production volume often means a lower cost of production.

Since high exports also make imports cheaper, a firm may achieve lower costs and higher profits both at home and at abroad through exports. Exporting also allows firms to learn from their competition and improve their ability to survive in a changing environment.

Firms typically have a domestic advantage in their home countries, due to familiarity, connection, and local government support, whereas firms from abroad typically have a disadvantage. Any firm which survives the burden of foreignness already has demonstrated exceptional performance.

Finally, exporting may well lead to additional international corporate strategies, such as joint ventures, franchising or licensing. All these strategies together contribute to the economic strength and security of a nation.

Read the whole article in Ovi Magazine, HERE!

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Who Really Rules?

Ovi magazine with Professor’s Murray Hunter article: Who Really Rules Australia?: A tragic tale of the Australian People starts a campaign/a series of articles and essays that will include most possible countries all around the world with the question Who Really Rules? trying to find or at least reach some answers.

In his article Professor Murray starts pointing:

An inconvenient question

The question of “who rules Australia?” is always answered with pet ideas and different theories. We can see symbols of power allWho really rules? around us, but the exercise of real power and influence is rarely a public event. Defining and identifying who really rules Australia is like trying to pinpoint where consciousness exists within our brain. It is complex and illusive. We may have some idea about different entities who potentially exercise power, but can’t put any single entity under any precise scrutiny. Besides the formal means of power through authority, ownership and control over regulation, etc., much power is the result of inducement, compromise, promises, flattery, coercion, threats, favors, and even goodwill. Making the situation more complex is that different groups exercise power and influence over different aspects of society. Finally is rule in Australia in the hands of an “oligarchy” that dictates, or is it more likely that the group(s) that rule Australia are more like a football umpire who can influence the flow of the game, with the power to influence formulation of new rules end of season for the next season? 

Surprisingly formal academic papers about “who rules Australia” are almost non-existent. A multitude of internet articles, review articles, opinion, and even lectures and documentaries exist online about who rules the world. However in Australia it doesn’t seem a question that academics have bothered to write too much about, except for the prominent Australian public intellectual and writer Donald Horne in the mid 1980s, who asked the question in an obscure essay “Who Rules Australia?”

Horne meticulously examined rule from the perspective of our history, significance of the crown, formation of our political system, parliament, political parties, federalism, the role of the media, unions, and banking; proposing that Australians live under a myth about who actually rules them. Although the situation today is very different from the time Horne reflected on these issues, much of his description concerning “who rules Australia” is still valid today. What may be even more starkly relevant is Horne’s conclusion, which Australians at the time and even now have taken little notice of.

My intention is to take up from Donald Horne’s commentary, update it, and postulate this inconvenient question again in Australia today. Many people know the parts of the puzzle, but by putting them altogether the author hopes it may lead to a more thorough understanding about the intricacies of who really rules Australia.

This paper will do so in the format of looking at each section of potential influence upon Australian society, starting with an encapsulated summary of Australia’s sovereign history.

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G8 and the financial reform

The leaders of the G8 major industrialised nations have agreed to hold a summit with other states to discuss global financial reform. They have also agreed to reopen world trade negotiations that collapsed earlier this year.

The move follows a call by UK PM Gordon Brown, ahead of an EU summit in Brussels, to rebuild the IMF to help regulate the world’s financial systems. Meanwhile shares fell across the world amid fears of recession.In a joint statement, the G8 leaders said that changes had to be made to the “regulatory and institutional regimes for the world’s financial sectors to remedy deficiencies exposed by the current crisis”.

The amazing thing about them is that they expect the people who have nothing to do with all this mess to pay in the end. These G8 are the ones who control and created this financial disaster ignoring as usual the needs of the simple people, all they care for is the …stock holders!!!

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Ford in Mexico

US giant Ford is to invest $3bn in a new car plant in Mexico, the biggest investment in the country’s manufacturing sector.

The move is a blow to American car workers who had hoped the factory would be built in the United States. Ford has lost more than $15bn over the past two years and says the new facility is crucial to its future. Mexican President Felipe Calderon hailed the announcement as a “turning point” for his country.

The new factory, and other changes to Ford’s Mexican operations, are likely to create an estimated 4,500 jobs in Mexico, where car workers earn substantially less than their American counterparts. Mr. Calderon made the announcement with Ford president Alan Mullaly at the presidential compound in Mexico City on Friday.

“We want Mexico to be an automotive country, one that is competitive and with the most advantages so that the worldwide automotive industry will establish itself here,” Mr. Calderon said. Mr. Mullaly said: “We are convinced the geographic location as well as Mexico’s highly qualified labor force and economic stability make this decision the right one for our business.”

This might take Mexicans away from drugs and violence a phenomenon that increases worryingly!

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Europe fuel protests

Fuel protests triggered by rising oil prices have spread to more countries across Europe, with thousands of fishermen on strike.

Union leaders said Portugal’s entire coastal fleet stayed in port on Friday, while in Spain, 7,000 fishermen held protests at the agriculture ministry. French fishermen have been protesting for weeks, with Belgian and Italian colleagues also involved.

UK and Dutch lorry drivers held similar protests earlier this week. The strike reflects anger at the rising cost of fuel, with oil prices above $130 a barrel. Trade unions say the cost of diesel has become prohibitively high, after rising 300% over the past five years. Wholesale fish prices, meanwhile, have been static for 20 years.

They drive the European family is a bankruptcy and they are doing nothing to help! In the end EU is going to be European penniless!

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