The world in 2060

It is always so interesting to think and imagine what the world will be like in the future. TV shows, movies, and books have put so many ideas into everyones head as well. Not only do I wonder what the technology will be like the future but it also be interesting to see how business is done with other nations. the growth of technology over the years so far has allowed nations to be able to connect with each other and do things like skype and communicate very quickly with each other. In this article it is talking about the OECD projections for 2060. It is important to note that the economic power will tilt even more away from the wealthy. By 2060 the two Asian giants will have a 46% share of the worlds GDP while the OECD members have shrunk 42%. In the end, however, India and China will still not be as well off as the United States. “America will increase its lead over the citizens of some developed counties like France and Italy.” This will result in different nation trading and a shift in how business will work between all of these different nations. This relates to Christensen because it has given example of how companies are unable to stay proactive and end up failing because they are not aware of the changes coming in the future.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

 

Chinas new government

In China there is now a Politburo, which is compiled of about six men that are trailed in order of rank. This committee will rule China for the next five years. It is unclear, however, how this power of this new committee is working. I believe that by having a group of leaders instead of just one it can end up being very beneficial, yes at times it may be very difficult to reach decisions but in the end it can result in something veyr positive. New ideas can arise from this and in addition trade with other nations can also become more efficient. China can look to grow even more into a more successful nation and be looked at as not just a place to produce good but instead a power nations like the United States. It is unclear how China will turn out with their politics and government but they are working to become more successful and that is what is important. In order to be as successful as they can be they need to change and they are willing to do that. Wild and Wild has taught us that each nations government is different and that some governments need to change in order to be more successful with other nations. This is exactly what China is doing.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

Mafias in Italy

Since the beginning of setting up government systems and laws there has also been the people that will break those laws. Mobs have been around causing trouble. The mafia ends up having very influential power in that area. This can have a very negative effect on the government and the economy. In addition it can also cause doing business with other nations to be very difficult. In this article it is talking about the mafia in Italy and the effects it is having on its economy. As a result this as allowed mafias to be able to take over much easier. Mafia businesses are not constrained by moral and ethical concerns with things that have to do with tax evasions, labour laws or safety standars, and their money and readiness to bribe. This, however, does not turn out well for doing business with other nations. In Wild and Wild we learned that countries need to be able to be appealing to other nations in order to do business together. When there are mafias running everything and creating violence this is doing the exact oposite.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

  

Sandys greater effects

When storms come around and businesses are not destroyed they still feel they effects of the storm. This is because they may either need to be closed for the evacuation or people are too hurt from the storm to want to go to places like casinos. When Golden Nugget casino reopened after being closed down by Hurricane Sandy many of the clients it brought in were not even gamblers. They were mostly Red Cross staff, out-of-state coastguard members, and teams from Alabama Power. The effects of the storm are still hurting many people today. There are still many that are homeless or without power. These are areas in the North that are beginning to get cold as well. Many are forced to use “warming centres” that are emergency shelters and temporary showers. These storms have left cities in great disappear. They are working in order to get power back up and running and have homes be brought back to life but it is going to take a while and a very lot of money. This ends up hurting the economy and I believe disastrous storms are the one thing you cannot predict and stop. They have a dramatic effect on both domestic and international business because factories and businesses have been effected.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

You have the force

Star Wars was very successful when it came out and it is the type of movie for me that never gets old. I could watch the series over and over again with my little brother. On October 30th Disney bought Lucasfilm for $4 billion in cash and stock. Lucasfilm was the production company behind Star Wars. By Disney buying Lucasfilms this means there will be new Star Wars films being made and I cannot wait! Disney is hoping to make about $550 million once they release the movies and the new technology they have will be able to make everything much more real and realistic for the viewers. Once this happens and we are able to see how it turns out it will just prove that old things never really go old. There will always be Star Wars fans wanting more and people going to buy and watch the films.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

Exam Time

People in the U.S. usually take advantage of the opportunities they are given like the great education each child can receive. In other countries things are not like this as much. In China students much take the gaokao, which is a university entrence exam. In order to take that you must have a hukou, which is Chinas system of  household registration. Children not in the city are usually not as luck as those children who live in the city and were able to attend school. This leaves an every going event of people in the city being able to become more successful while those who do not live in the city are in this funk of not being able to do so. There is also the deal of migrants moving to the city in order to have a better chance at getting into one university. It has becoming increasingly difficult, however, because so many people are trying to move into the cities in order to have better educations and thus better jobs. Overall education is the most important part of life and it set your future.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

007

James Bond has been going on for a long time now and first came to be the same year of the queen’s coronation. This was when he appeared in “Casino Royale” which was published in 1953. Since, 007 has been a huge hit everywhere. There have been many actors who have played the bond character and right now Daniel Craig is doing a very good job of playing this character. He has just finished his third film trying to get back a computer disk that has identities of secret agents. James Bond will always be a character men want to be and women want to meet. His charm has swept the nation and become very successful. It is great they are able to continue making Bond movies that will be successful and make money. I cannot wait to go see the new film when I get a chance.

www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

Sandy on the prowl

Natural disasters cannot be prepared for and there is no way to prevent them. When Hurricane Sandy hit it was destroyed a huge part of the North. The Southern tip of Queens was the worst part Sandy hit in New York. There have been at least 50 killed by the storm in the north-east and 70 in the Caribbean. It is sad there is no way to be able to prevent these kinds of events. In addition, that so many houses and lives have been destroyed by this storm. Furthermore, Sandy has left a high economic cost of damages that will end up being know for years. Sandy has also had an impact on the business part of this area as well. Infrastructures have been destroyed and the damages are estimated to about $10 billion. Many of the oil refineries were idled and the nuclear plants powered down. It will be hard to continue to do business with other nations while so many of these factories and businesses have been destroyed. Obama quickly made FEMA funds available. This storm has left citizens in a great hardship and left the government looking for ways to keep the cities save if a storm like this was to come again

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www.economist.com

On my honor, I have not given, nor received, nor witnessed any unauthorized assistance on this work.” 

Museums in Britain

Museums have been known to be great travel destination attractions and Britain is working to invest in this history-tourism business as well. These types of things help the economy and are good business for each country.  Jonathan Ruffer wants to build a museum that will tell the story of the rise of Christianity in Britain during the time of when the Church of England was losing congregations by the day. Only time will tell if this will end up being a successful tourist attraction. This whole idea began when the Church of England needed to raise funds and decided to sell a collection painting. Mr. Ruffer decided to save the pictures in order to keep them in the country. He is working to anxiously press ahead. It will be interesting see if this will end up being successful or not and the tourists will react.

http://www.economist.com

“On my honor, I have not given, nor received, nor witnessed any unauthorized asístanse on this work.”

Strumpets in China

There has always been a debate on if prostitution should be legalized or not. In China there is an ever growing boom in sex trade. Today prostitution is illegal in China but they have between four and six million sex workers. Girls sit in windows of hair salons and loiter in karaoke bars offering sexual services. Women will usually end up selling their bodies in desperation for money when they have little to no education and there is no other option for money. This is their only way to survive. Some countries are even legalizing prostitution in order to spark the economy. There is always the problem with sex trafficking and this article really reminded me of everything I read in Half the Sky. No girl deserves to be taken or treated that way but at the end of the day people are going to participate in sex trafficking and some women will even prefer that to washing dishes for money. In the end it is all about being able to have money in order to survive and people will do anything for that.

http://www.economist.com

“On my honor, I have not given, nor received, nor witnessed any unauthorized asístanse on this work.”