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The World Today - Global Economy
Transcript of The World Today - Global Economy
As this is a continuing goal in foundations such as the United Nations and other Non-Governmental Organizations. Trends that have come up include that low income families are starting to move to middle class countries and are starting to find a way to live. This is making the low income become middle income and middle income to expand throughout the world. People that are graduations from low income families and middle income families are starting to become richer and are able to sustain their lifestyle in a richer country. Although these trends are starting to improve countries such as Haiti, African provinces (Kenya, Uganda) are still suffering for many reasons. Through media these economic stragglers are getting attention and are becoming dependent on other countries for their help for financial struggles and instead of working on their independence the element are against them. Mother Nature has been so kind to treat poor developing countries to hurricanes earthquakes and other situations that force authority to focus on first. while the government is focusing his time families are unable to meet the needs of even a low class family and this is how starvation is made into the reputation of low income families. in the future the UN suspects that these countries will be able to sustain themselves. In 1970 the about the 60th poorest countries owed about 25 billion in debt, in 2002 they owed 523 billion. $550 billion has been paid in both principal and interest over the last three decades, The North American Economy is a diverse one, while The US and Canada are blessed with a modern and sophisticated economic system. One the other side Mexico is still undergoing improvements within sectors such as power, manufacturing, and transportation. Statistics •925 million people do not have enough to eat — more than the populations of USA, Canada and the European Union combined.
•1.4 billion people in developing countries live on $1.25 a day or less.
•22,000 children die each day due to conditions of poverty in at risk areas References http://www.globalissues.org/article/30/the-scale-of-the-debt-crisis Chandy , L. (2011, May 17). Two trends in global poverty. Retrieved from http://www.brookings.edu/research/opinions/2011/05/17-global-poverty-trends-chandy http://news.bbc.co.uk/2/hi/business/4619189.stm Currently the world as a whole is in debt about 48,799,738,337146 http://www.economist.com/content/global_debt_clock http://www.economist.com/content/global_debt_clock When looking at the trends in debt today, its not doubt that it is always increasing. As shown on the global debt clock. Global debt is a worsening trend Global Debt This shows that when debt keeps rising faster than economic output, higher government debt implies higher taxes in the future http://www.nber.org/digest/apr10/w15639.html http://www.cato.org/pubs/journal/cj4n1/cj4n1-3.pdf South America the economic downfall began in the bank system. This is because the bank continues to give loans and adds interest to which becomes harder to pay. Canada's Declining Exporter Population The appreciation of the Canadian dollar, and slumping productivity has taken it's toll on Canadian businesses. On top of this, a unexpected global economic crisis has slashed demand around the world.
improving trend Since peaking at 45,087 in 2005, the number of exporting enterprises in Canada has fallen by 8,902 to 36,185 in 2010 – a 20% decrease. http://webofdebt.wordpress.com/the-global-debt-crisis-how-we-got-in-it-and-how-to-get-out/ When a singular person comes into a large amount of dept they become bankrupt and this means that there they will not go under this line. However on globa scale this is not the case and this interest and debt build for the countries. South American trends have differed throughout the different countries found throughout the continent. Countries like Peru, Equator and Chile are lower class for economy this brings rising trends down to the lowest link. Peru and Chile are in civil unrest over the coastal situations and territories. The government is putting more money into the Peruvian coast allowing the "Shanty towns" to be left alone. The "Shanty" towns are places where lower class family are in residence and do not have to pay taxes. This is the government’s way help out the citizens. These people are not however totally honest with the government and most are able to sustain their lives now and are living in shanty towns to avoid taxes. Although this improving trend is making small progress for low class society some middle class economy families are not giving the government reason to keep up the privilege. Statistics On This Trend Latin amerincan economy trends. (2012, September 21). Retrieved from http://www.economylatinamerica.com/ No Latin American country, with the exception of Chile, ranks among the world’s 50 innovation leaders. Chile ranked 39th in the world, while Brazil ranked 58th, Colombia 65th, Uruguay 67th, Argentina 70th, Peru 75th, Guyana 77th, Paraguay 84th, Bolivia 114th and Venezuela 118th. Chile shows strengths across the board, with the exception of primary and secondary education expenditures and student-teacher ratios. http://www.edc.ca/EN/Knowledge-Centre/Economic-Analysis-and-Research/Pages/default.aspx?kw=economic_trend Improving Trends
Mexico has improved 13 positions in 2 years on the World Economic forum Global Competitiveness Index
Mexico's auto output to boost 38% within three years
Auto sales rise 13% on consumer confidence in 2012
Mexico's economy is anticipated to overcome Brazil's economy in the Future Stastics http://www.economist.com/blogs/buttonwood/2010/06/indebtedness_after_financial_crisis?fsrc=scn/fb/wl/bl/debt When the government has asked the civilians for bonds these payments back to the public. This has been a problem since the second world war. The USA has approximately 7800 dollars per person in debt. Kelsey Streef Kelsey Streef European Dept U.S.A Canada Europe is one of the most modern continents in the world. It is estimated that fashion is six years ahead of North American trends. However lately the economy has plummeted causing millions of dollars in dept. protests and some small civil unrest have surrounded governments and demanded changes and improvements in the economy. The cost of living in Europe has risen over the years just like Canada and the United States are now. As the cost of Living goes up the wages are not. This is making life harder to live in Europe. This is not an improving trend as the countries such as Greece and Italy are now in an economic stand still. People are now starting to lose their jobs and are unable to sustain their lives. This is a start of the plummet in the world economy standings and the United States is starting to take the lead. Based on these trends and how the increasing cost of living I can predict that Europe will start to drop back and the cost of living will decrease and then North American will lead and follow the same footsteps into a plummeting global dept. Debt is an exchange of money that is paid back at a later date, usually with interest. However when it is international business there is no legal entity therefore the debt between countries continues to grow and are now having hard time giving money back. This is a global problem that may never be solved. This has been a huge problem in the word, and since the world wars when at this time everyone owed everyone. this may be an international problem that is never completely paid off. Statistics The unemployment rate has risen from 7.3% to 10.9% from 2008-2012 The euro dollar plummeted in 2009 starting the secretive dept crisis In 2010 hourly earning plummeted and have started to rise again Improving Trend
The Canadian dollar was at a 13-month high amid expectations that the U.S. Federal Reserve will launch another round of stimulus to help the American economy
The loonie rose 0.53 of a cent to 102.83 cents US as traders also took in a strong housing report Millennium Development Goals Improving Trend
A surprising 34,300 Canadians found work in August, recouping the previous month’s losses, even as the economy remained in the grips of a weak recovery and declining productivity.
Last month’s rebound — although modest when compared to massive gains earlier in the year — was carried by part-time hiring.
The jobless rate held steady at 7.3%, however, as more Canadians joined the workforce in search of employment.
Most economists had expected an increase of just 10,000 jobs in August, after a drop of more than 30,000 positions in July. Canada’s jobs growth exceeds expectations http://business.financialpost.com/2012/09/07/canadas-jobs-growth-blows-past-expectations/ http://business.financialpost.com/2012/09/11/loonie-nears-3%C2%A2-above-parity-on-hopes-of-fed-boost/ Loonie nears 3cents above parity This coming mainly from the auto industry. Looking at how the majority of the population that's involved within a manufacturing job has had a great improvement on their income.
Specific findings from “The Benefits of Manufacturing Jobs” include on average, hourly wages and salaries for manufacturing jobs are $29.75 an hour compared to $27.47 an hour for non-manufacturing jobs.
Total hourly compensation, which includes employer-provided benefits, is $38.27 for workers in manufacturing jobs and $32.84 for workers in non-manufacturing jobs, a 17 percent premium. Growth of Income within Manufacturing Jobs Disposition of personal income has increased, this meaning that the average American income has somewhat increased as well over the past year. However it is low increase compared to the first quarter count
Current-dollar personal income increased $140.5 billion (4.3 percent) in the second quarter, compared with an increase of $199.9 billion (6.3 percent) in the first.
Personal current taxes increased $24.9 billion in the second quarter, compared with an increase of $30.0 billion in the first. Disposition of Personal Income Mexico
“Romney got little to no bounce from his convention, and with the less-than-sterling jobs report Friday morning, it’s not clear that Obama will get one either. And so the sprint to Election Day is on. Next up: four debates in October, three presidential and one vice presidential. Those represent the next opportunity for voters to see the candidates unfiltered.” By Linda Feldmann, Staff writer / September 7, 2012 from USelectionwatch.com Where the Race Stands http://uselectionwatch12.com/ North America TARGETS
1. Develop further an open, rule-based, predictable, non-discriminatory trading and financial system
2. Address the special needs of least developed countries, landlocked countries and small island developing states
3. Deal comprehensively with developing countries’ debt
4. In cooperation with pharmaceutical companies, provide access to affordable, essential drugs in developing countries
5. In cooperation with the private sector, make available benefits of new technologies, especially ICTs Goal #8: Develop a Global Partnership for Development Developing countries are gaining access to the markets of the developed countries. The proportion of developed country imports, excluding arms and oil, from developing countries reached close to 80 per cent in 2008, a jump from 54 per cent a decade earlier What has helped? Increasing the share of world trade for developing countries Transforming debt into public funds Strengthening South-South Cooperation The Third UN Conference on the Least Developed Countries (2001, Brussels) helped galvanize international support for the 50 most vulnerable national economies and set terms for boosting Official Development Assistance and trade access and improving domestic governance. What the UN is doing The global partnership fits under the global economy current trends because of it's involvement with the majority of countries in the world. This being both developed, and developing countries. The MDG's are making it possible for both developed and developing countries to interact more and use each others goods and developments for their own personal benefit towards their governments and economy. History All the world’s countries and all the world’s leading development institutions. They have galvanized unprecedented efforts to meet the needs of the world’s poorest.
The United Nations Millennium Campaign, started in 2002, supports and inspires people from around the world to take action in support of the Millennium Development Goals.
Goals to change, and help poverty, women's empowerment, maternal health, and the environment. Kaleigh VanEgdom Kaleigh VanEgdom Ellen, Kelsey, & Kaleigh