WHAT RECESSION??
Infographic: African GPD Growth Rates in 2010. Data from the African Statistical Yearbook.
via afrographique:
Tag Results: economics
- Via
- kilele
The price of the Kindle is forecasted to drop to zero by the end of this year. For any readers of Chris Anderson’s FREE this is no surprise. What I love is watching this phenomenon in real time for a device that no one would ever believe would actually be sold for nothing.
“Countries which have adopted successful capitalist policies have reduced levels of absolute poverty. Countries which have failed to achieve economic growth and have relied on foreign aid have not.”
World News Blog - What have the Millennium Development Goals achieved?
It is interesting to note that this fact has nothing to do with POLITICAL policies or regimes. Capitalism can thrive in non-democratic societies. For example, countries that have most successfully reduced the number of their citizens living in poverty include China, India, Vietnam, and Brazil. These countries are hardly democracies but they employ capitalistic ECONOMIC policies. When market forces are allowed to operate in some capacity, only then can prosperity flow.
This supports the claims I have been making here, here and here. African countries have investment opportunities aplenty and the economic engine to power them. The time is now.
(via Statistics that take a fresh look at Africa - Venture Capital for Africa)
“Let us move voluntarily into a robust economy by helping what needs to be broken break on its own, converting debt into equity, marginalising the economics and business school establishments, banning leveraged buyouts, putting bankers where they belong, clawing back the bonuses of those who got us here and teaching people to navigate a world with fewer certainties. Then we will see an economic life closer to our biological environment: smaller firms and no leverage - a world in which entrepreneurs, not bankers, take the risks, and in which companies are born and die every day without making the news.”
— Excerpt from New Statesman - Beware those Black Swans
Another discovery today. I’m sure many of you have already read this book. I’m adding it to my reading list!
How Do You Monetize Free: Tim O’Reilly And The Argument For Open Publishing
A great mind in Tim O’Reilly who started his fortune and publishing empire already capitalizing on the new economics of free. As usual, he is spot on.
A great synopsis to the economics described in his book, FREE. Great read! When I bought this book I had no idea it would be an economics book. It has sparked a great interest in me for economics and the new economy as brought about by the Internet.
“Not that the physical world will disappear, but the management thereof will become an abstraction - which liquifies it enormously”
Great explanation of the Sixth Paradigm
Chris Anderson’s book FREE has totally turned me on to this new paradigm shift in economics. I am so fascinated by it right now. In this video, Sean Park explains what he calls the 6th Paradigm of economics where the 4th Paradigm was Mass Production, the 5th Paradigm was the Information Age and the 6th Paradigm now being the Digital Revolution (2:50).
