Tag Archives: economy

It’s good to be home again by Prof. Michael R. Czinkota

I have returned from my summer trip to Europe and report that conditions have changed.

In England stood out for the views by its educated experts on money and markets. They don’t know and don’t care. New announcements and shifts are just shrugged off or, worse yet, ignored. Refusing to think or getting involved is the equivalent of Socrates’ poisoned hemlock cup – conditions will not improve by themselves.

eur01_400Institutions which label themselves as European now need to re-think their position as to its meaning in times of Brexit and growing conflicts and polarization. How can ship captains make a choice between the rescue of drowning migrants and personal jail time for doing so? Are we all in the same boat? Even in theatre performances the audience and troupe performances have lost their traditional bite.

Germany has a whole set of growing problems. I am not referring to the physical tremors of Chancellor Merkel. When standing is a problem she can sit. In the U.S., President Roosevelt served the country in spite of difficult illnesses, for more than three terms.

But I am concerned about the diminution of German ability to rely on its traditional strengths. When German intellectuals talk about U.S. policies there is very little well-formed reasoning, or even desire for input and learning. Rather, flash judgements and condemnations are made, remindful of the checking of boxes.

When the official airplanes of both the chancellor and the president repeatedly either can’t fly or must return to land right after takeoff, then the motto of “advancement with technology “ does not fare very well. Misleading public information on air contamination by car diesel engines is a shameful event.  Failed technology to measure societal impact of government action is wasteful and inefficient.

Increasingly, a sense of proportion and morality is missing. Take the case of Gustl Mollath who, was inappropriately placed in psychiatry for more than.7 years. Now, when caught, government offers him a paltry compensation of tens of thousands of dollars. At the same time, the Deutsche Bank, provides publicly more than $ 10 million for ineffective managers to depart, and we don’t know about any additional hidden support.

The rest of the article HERE!

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Women’s Critical Role in the Food Chain by Rene Wadlow

15 October is the U.N. designated International Day of Rural Women. It is a day in which to highlight the need to increase food production, especially in those countries that face a persistent food deficit. There is a need to increase production, create better storage methods to prevent post-harvest loss, and improve distribution methods.

Women play a crucial role in every link of the food chain: production, storage, marketing, and finally in the preparation of food for the family. Therefore it is important to look at some of the blocks and drawbacks that prevent better production and to analyse the persistent inequalities and discrimination that women face at the village level — discrimination in schooling, especially at the technical and higher levels, discrimination in land ownership and land tenure, discrimination in inheritance of land and access to resources. We must look at what factors stand in the way of transforming gender relations and of eliminating gender inequalities. Promoting gender equality is an important part of a development strategy that seeks to enable all people — women and men alike — to escape poverty and to improve their standard of living.

farm01_400We must look not only at drawbacks but give special attention to methods used for the empowerment of women and gender equality in the food cycle. There are a growing number of households headed by women in rural areas. The reasons vary but most often the reasons are associated with migrations, divorce, abandonment, widowhood, civil strife, and absent-father adolescent parenthood. I will use examples from Sub-Saharan Africa and Asia where I have worked.

The division of labor between men and women in agriculture can vary greatly from one ethnic group to another even within a limited region and often concerning the same crops and activities. That is why all generations are dangerous and why detailed study of specific patterns is important. A useful tool for study is the gender tool kits prepared by the World Bank’s Gender Analysis and Policy Section. While one may be justly critical of some of the World Bank’s loans and policy directives, the Bank has developed good guides for research such as Monica Fong and Anjana Bhushan’s Toolkit on Gender in Agriculture. See the Bank’s GenderNet http://www.worldbank.org/en/topic/gender). The Net has two subsection on gender in Africa and gender in Latin America and the Caribbean. (1)

While recalling the danger of generalizations, there are nevertheless certain patterns that one finds so often that such patterns merit special attention — such as food preparation nearly exclusively by women. Thus it is important to note both the work in the fields, at the market, but also in the home with the preparation of food and care of children if we want to have a complete picture of the role of women. Household division of labor needs to be looked at closely. Because women in Vietnam do the household budgeting, it is often assumed that women do not need independent access to resources and that they have full control over household income regardless of who earns it. Field research now indicates that this is not always the case and thus it is necessary to look closely at the decision-making structure of rural households to see if there are unmet needs.

For more 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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Eureka: Why all the slow growth and recessions? by Akli Hadid

Decon01_400_01ifferent countries have different reasons to experience slow growth and recessions. The main factor you need to take into account is that growth is calculated based on the previous years’ performance. Not on the previous five years’ performance, not on the previous 10 years’ performance. If you performed poorly last year, your country could have strong growth rates, although most people could be struggling in your economy. The opposite is also true, as if you had a good year in 2015 but slow growth in 2016 then your economy could still be robust.

Overall, prohibitive transportation costs by land and by sea has contributed to the slow growth. The proliferation of loans for housing and small businesses has also contributed to the slow growth. Finally, fluctuations in commodity prices, with raw materials and agricultural products prices going way up and then falling way down has contributed to the recession.

Now let’s take a closer look to recessions by continent.

Read the whole article in Ovi Magazine, HERE!

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Eureka: Ten ways globalization went wrong by Akli Hadid

Globalization used to be a buzz word we all used until recently. Now it seems that reality is catching up with globalization, so here are ten things that went wrong.

1- Slavery made its comeback

When opening factories around the world, some know that they will stay protected in an ivory tower with several guards. They won’t have to face the starving workers they hired. How many companies shrug when I ask them what the monthly wages are for their workers? Many.

2- Overregulation

Want to hire someone? 10 pages of regulations. Want to rent a workshop or office space? 10 pages of regulation. Want to start production? 20 pages of regulation. Want to sell your production to distribution? 30 pages of regulation. By the time your product reaches the customer, you’ll have reviewed hundreds of pages of regulation and checked huge checklists.

3- Collective punishments

An Iraqi terrorist? Let’s ban all Iraqis. An American cowboy? Let’s ban all Americans. One person from any company misbehaves? Let’s punish everyone at that company.

4- …. Read the whole article in Ovi Magazine, HERE!

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Freedom and Globalization: Simultaneously Possible by Prof. Michael R. Czinkota

ovicover_06_12_16Globalization, trade and investment deserve our ”Thank You” for their achievements. Yes, currently, in Europe and the United States, popular discontent is forcefully expressed. An introvert trend has emerged, fed by nationalism, populism, xenophobia and anti-globalization rhetoric.

Globalization is not new; it has existed for centuries. What is different today is the speed of globalizing the world, made possible by new technologies, transportation networks, media, and international marketing. Many claim that never before in history has there been so much evidence about strong opposition to globalization. However, any comparison with the past is highly inaccurate. Only few records of resistance to globalization have been preserved for us today.

Read the whole article in Ovi Magazine, HERE!

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