Föhrenbergkreis Finanzwirtschaft

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Archive for 24. September 2019

The Economics of Data

Posted by hkarner - 24. September 2019

By Yan Carrière-Swallow and Vikram Haksar

Look around the global economy and you’ll see an American company developing the next generation of driverless cars, a Chinese financier extending loans to “mom-and-pop” stores that used to lack access to credit, and researchers at a Swiss pharmaceutical company developing a treatment for a chronic health condition.

What do all these valuable economic activities have in common, despite taking place on different continents and in different sectors of the economy?

Had we asked the question of global firms thirty years ago, the answer would probably have been “not much.” But today, the answer is clear. They all rely on the same indispensable input: data. And lots of it.

Global cooperation is needed to ward off the risk that the digital economy becomes fragmented, with data access limited by national borders.

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Trump and Modi are the mainstream faces of the global far-right

Posted by hkarner - 24. September 2019

Date: 23-09-2019
Source: The Guardian by Cas Mudde

The US and India are two of the most populous and powerful democracies in the world. And they are both represented by far-right leaders

‘On his travels all around the world, Modi is rarely confronted with protesters and few journalists will describe him as far right.’

Even by the standards of the Trump era, the “Howdy Modi!” meeting in Houston, Texas, this Sunday was weird. The Indian prime minister, Narendra Modi, had invited Donald Trump to be his guest at a massive rally in the American heartland. And, unsurprisingly, giving his submissive behavior towards authoritarian leaders, the president had accepted, happily playing second fiddle to a foreign leader on US soil. Den Rest des Beitrags lesen »

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The Coming Currency War: Digital Money vs. the Dollar

Posted by hkarner - 24. September 2019

Date: 23-09-2019
Source: The Wall Street Journal

Central banks are getting closer to issuing their own digital currency. If they do, the dollar might finally face real competition as the world’s dominant currency

The future of money might be a digital version of the cash that’s already in people’s wallets—potentially upending the currency system that the world has known for many decades.

Such a future, of course, might be a disappointment to many libertarians and tech-savvy investors who are pinning their hopes (and in some cases their money) on private cryptocurrencies such as bitcoin. Den Rest des Beitrags lesen »

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No-deal Brexit will have ’seismic‘ impact, says European car industry

Posted by hkarner - 24. September 2019

Date: 23-09-2019
Source: The Guardian

Carmakers fear disorderly exit would cripple the just-in-time supply chain, investment and lead to tariff barriers

The assembly line at Peugeot PSA’s Ellesmere Port factory. It could be shut down if Britain sees a no-deal Brexit.

The European car industry has warned of catastrophic effects of a no-deal Brexit, saying it would have a “seismic” impact on making cars in Europe.

In a rare joint statement, chiefs from 23 automotive business associations across Europe joined forces to caution against a brutal exit from the bloc by Britain, where auto giants BMW, Peugeot PSA and Japan’s Nissan have factories. Den Rest des Beitrags lesen »

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China Will Live Or Die by Its Digital Economy

Posted by hkarner - 24. September 2019

Date: 23-09-2019
Source: The Wall Street Journal By Nathaniel Taplin

The digital economy is one of the few good options China has to keep growing rapidly

China’s dynamic, entrepreneurial information-technology sector is a reason for optimism.

For China, technological leadership is an existential question.

The world’s second-largest economy has a lot of problems: heavy debt, a rapidly aging population and increasing hostility from its largest trading partner, the U.S. Yet the nation’s dynamic, entrepreneurial information-technology sector is a reason for optimism.

Recent research from the International Monetary Fund highlights just how important this growth driver has become in recent years—and how critical keeping up the momentum is for the nation’s prospects.

Technological innovation is key to all economies, but the fate of China’s high-productivity IT sector has taken on outsize importance. One reason is the government’s failure in recent years—partly for ideological reasons—to make many key reforms which could boost the productivity of the rest of the economy and keep growth chugging along. Den Rest des Beitrags lesen »

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