Unless big potholes are filled, the roads to post-pandemic-economic-recovery will only create more traffic jams; the challenges are something like the Olympic Games of Economics played by highly skilled players on worldwide digital highways, not to be confused with routine games at local community ballparks. Most economic development issues of today are global-age centric, demanding special global-age skills to solve issues of our new digitalized world of future trading in harmony for common good and mutual prosperity.
Three crushing factors;
ONE: The 50/50 Factor: In broader strokes, no matter what only 50% of the world will open andremaining 50% drift away in 50% closures while billions plus displaced, replaced, misplaced workers wander and other 50% gone far away remote and 50% downtown dimmed. When the united forces of “Work + Office + Health + Money + Politics + Future”clash with “AI + AR + VR + Remote + Zoom” the surprises will be the next 100 national elections scheduled within the next 500 days. Covidians will vote on meritocracies and seek leaderships ready to face truth, accept mistakes and surrender to honest real value creations over confusion of crypto-fantasies.
TWO: The Meritocracy Factor: The cruelty of pandemic further magnified when once mighty institutions and rotundas of political leadership across the world may lose 50% or all of their remaining credibility. It is not just the cost of bureaucracies lingering for decades to a nation butthe real losses are 1000 times bigger than lost opportunities in the global markets. Digitized mobilization to uplift meritocracy is a new art. Testing and upskilling all frontline teams of all layers of the national economic agenda to mix and blend with virtualized economic expansion is one of the top priority solutions.
THREE: The Fear Factor: The widespread ‘fear’ amongst western economies of gradually losing global market shares hurting advancements. The western economies recognized over centuries as super successful knowledge rich nations now losing to population-rich-nations, while population rich as cursed nations for feeding hungry mouths, today, they are blessed as each citizen with mobile devices in hand now a potential trade center. Western economies already on defense creating tectonic shifts on trade-skills against highly productive Asian nations are lacking collaborative activism.
Overview: Western economies over decades abandoned upskilling and lifelong learning in a big way, convinced that Universities and YouTube will take care of all, furthermore, when reading daily newspapers is already dead now study of Atlas as daily routine is a new survival kit, only skilled entrepreneurial warriors with global thinking ready for tolerance, diversity will survive. Ignored are the hidden national treasures of entrepreneurialism and global-age thinking. Proof is in numbers and global indices on performance scales.
Missing from mainstream media, political punditry and academia such critically harsh but hot topics now also a proof of their ‘fear’ while their silence challenging their levels of competencies and confidence levels required tackling the new post pandemic world. Nevertheless, freshly printed money will run out and soon test the architectural structuring of the house of cards. Why do knowledge rich nations have the greatest opportunities to open up to some 200 nations and 10,000 cities and what type of sweeping mind-shifts are needed and what is stopping them?
Revolutionary Options: The National Mobilization of Midsize Economies
Stage One: Those nations awakening with the principal philosophy of the ‘National Mobilization of Entrepreneurialism on Digital Platforms of Upskilling for Exportability’ are harmoniously narrating the new global-age mantra; constant learning, constant disruption, constant advancements, constant dialogues as post-pandemic recovery and humanistic realities. As undeniably, “Work + Office + Health + Money + Politics + Globalization” suddenly, combined into one single global task, creating original new thinking and bringing impossible ideas, people and faraway lands closer and entrepreneurialism in center.
The Real Test: Any global regions interested in adapting such thought leadership, normally address the common difficult questions: Are there enough small medium enterprises within a nation ready to quadruple their performance, productivity and profitability and display their goods and services on the global stage? Are local trade groups, chambers and associations of the nation in agreement to uplift exportability via upskilling? Are local government agencies fully skilled to cope with such global-age and transformational challenges? When such programs are not new funding dependent, rather execution and mobilization starve, so what is stopping them. The world can easily absorb unlimited exportable ideas in unlimited vertical markets. The well-designed innovative ideas are worthy of such quadrupled volumes. The entrepreneurial and dormant talents of a nation are capable of such tasks. The new global age skills, knowledge and execution are now the missing links
Stage Two: One: Identify and create a national agenda to upskill SME on innovative excellence and exportability. Two: Deploy trade associations and Chambers on digital platforms so memberships skate nationally and globally. Three: Quadruple midsize economy via upskilling for micro-exports and reskilling micro manufacturing. Explore how Expothon Africa is expanding across the continent and how Dr. Ameenah Gurib-Fakim is planning a systematic approach to nations and what are the key lessons while the new global TV Show series on critical grassroots prosperity solutions lining up world-class experts. Regions best bring like-minded trade groups and agencies and create high quality virtual events for local leaderships. The time to change has already passed, the time to mobilize and revolutionize has arrived. Study more on Google.
The 47th G7 Summit UK: The 47th G7 summit scheduled for 11–13 June 2021 in the United Kingdom while it holds the presidency of the G7. The participants will include the leaders of the seven G7 member states as well as representatives of the European Union. The President of the European Commission has been a permanently welcome participant at all meetings and decision-making since 1981, while the current President of the European Council has been the EU’s co-representative since the 36th G8 summit, hosted by Canada in 2010. The Right Honorable, Justin Trudeau, Emmanuel Macron, Angela Merkel, Mario Draghi, Yoshihide Suga, Joe Biden, Ursula von der Leyen, Charles Michel, Scott Morrison, Narendra Modi, Moon Jae-I, Cyril Ramaphosa, participants of the meeting. All hosted by Right Honorable Boris Johnson in the UK on 11-13 June 2021 will create an amazing agenda; the real test is in declaring innovative excellence and national mobilization of programs key elements to create harmoniously global impact on post pandemic economies. The challenge is to ask the ‘most difficult’ questions. The G7 nations will debate while the remaining some 190 Countries watch and try to apply to their own critical paths, hopefully more honest and mature dialogue will appear.
Questions for G7: Here are some key global observations suggested as topics trying to understand futurism:In need of revolutionary minds to conquer something of value for humankindto isolate grassroots prosperity as the most critical issue. Needed are special series of high caliber debates and discussions to foster local economic growth across the world. Is suggesting to G7 a very good start, or what else do you recommend?
The Key Suggested Hot Topics:
Dawn of Thinker-Gatherers; The largest number of people ever assembled across the world and forced to follow beingremote, isolated, lock downed, displaced, replaced, misplaced, officeless, workless, while able to feel emotionally, suffer economically and think critically, building courage strong enough to face the truth, finally come to some enlightenment of sorts. Do they see dawn, sunshine or sunset? How prepared are national leaders to articulate their own vision of common good and own ideas of local prosperity.
Nouveau Occupationalism; Futurism is disrupting labor-productivity, workforce and Human Resource management. Brand new occupational tasks needed with full comprehension of ‘AI + AR + VR + Remote’ platforms but all this as subservient to our superior mental contributions in our new but respectable occupations. The new world now needs more humanity, like the rise of the Vice President of Thinking and Director of Human Intelligence but clearly differentiated from Captain of Robotic Sniper Dogs. Where is the voice of corporate leadership on AI centricity versus humanity?
Common good is now a common global cause; Success is not in super-complex-manipulated-numbers but hidden in simple adding correctly with real math to tabulate real value creation via human toil of productivity and performance resulting in grassroots prosperity, the collective global leadership must create new measurements. Why are global institutions and trade groups already riding on global rhetoric of commerce, submissive to bureaucratic processes and crypto-hype and not tabling pragmatic and immediately implementable futuristic solutions?
Portability of Industrial Plants; brought nations to their knees, will they ever stand up again? Will exportability of remote workers on virtualized global platforms cover some losses? If a million qualified entrepreneurs were allowed to land in a nation on special permits to mobilize the economy of the nation because academia and government both not only failed to create armies of entrepreneurs but also equally created sophisticated fighting soldiers to fight wars. The notion of expansive and super selected business education served us well during the last century but is questionable today. Which nation is bold enough to discuss such topics openly?
Exportability of Democracy; brought tribalism to its own streets. Will it ever fix the local-social-crisis? Why should we leave all this to historians of latter day millennia to recapture today as our dark days? Should we let them write about why fake-prosperity on its own, without ‘grassroots prosperity’ selling overseas such notions of freedom while sacrificing other cultures to such fakery is nothing but sin? Which leadership is planning a sea change of thinking on such affairs and have an open agenda to discuss or define democracies?
Power of invisible algorithms; when national leadership simply is not skilled enough to question anything on mystery of economic numbers, is there any need to become master crypto-coder or what is required is new realization on how economies are already high-jacked in daylight. Which financial, academic or institutional body is ready to engage to solve such challenges of basic math?
Sound bites articulating the future of a nation; Teleprompters glorified, but messages lost as routine sound bites, citizens wander, when leadership becomes some virtual reality act managed by special teams of sorts. Is it about time to strip naked the heart and soul of the nation? When will we see frank and honest narratives?
Conclusion: A brighter future awaits; 50% of the world will open commerce, 50% of the global populace will also open their mind, 50% of the current ‘going forward economic development models may not survive. There are some fine teams, some highly articulate leadership and some thriving economies. The challenges are to bring them all together so humankind divides narrow and global collaborative synthesizing rises. Nevertheless, the technology will shine to fill the gaps with speed and efficiency on digital platforms economies leaving paper-based-economies in the dustbin. Plan wisely, submerge in lifelong learning, the Covidians of the world have a full decade of challenging economic disruptions. The issues of climate change and environment are only solved when grassroots prosperity provides full stomach to figure out the working of minds and acquire truthful clarity of common good, otherwise such notions are just expensive global advertising campaigns of smoke and mirrors. Global goals must be for global common good.
Dive deep into futurism but not like an AI Robot, but like a common human being searching for common good.
The rest is easy
Brick By Brick, BRICS Now a New Bridge for a New World
Measuring BRICS in single decades, in 2001, BRIC started as an acronym for Brazil, Russia, India, and China; Goldman Sachs economist Jim O’Neill claimed that by 2050 the four BRIC economies would come to dominate the global economy. So South Africa was added to BRIC in 2010. The following countries are now expressing interest in joining: Afghanistan, Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Saudi Arabia, Senegal, Sudan, Syria, the United Arab Emirates, Thailand, Tunisia, Turkey, Uruguay, Venezuela, and Zimbabwe. Is this now the awakening of BRICS+ or BRICS power?
BRICS+ by 2030 will add dozen new members and carve new indices, and by 2040, it will lead to new intellectualism on geopolitics and socio-economies for the super complex 2050 age of smart living.
Historically, BRICS nations pushed on their people-power agenda over super-power titles. They made extreme value-creation economic models over focusing on powerful military-industrial complexes. They focused on nation-building and avoided special mandates to manage global affairs. They have been on a quest to upgrade them. They were feeding hungry mouths, as they were population rich, constantly up-skilling, and improving value creation as they were SME rich. They kept a steady watch to create multilateralism to uplift humankind.
They, too, made mistakes, as did the rest of the world
In the third decade of the third millennium, come 2020, three transformations erupted. First, futurism changed the rules on the ‘physicality of work’ and created a new imbalance with the ‘mentality of performance’; this has divided the workforce of world; the old system of over a billion commuting daily to the center of a complex maze to arrive daily at the sanctum of the company and create climate change. So now, in response, some 50% of the world’s workforce has chosen to stay away and work remotely in the surroundings of wide-open choices. Furthermore, technology uplifted micro-power-nations and exposed Western economies now stripped naked in bubble baths on slippery floors, they tippy-toe practicing conga-lines
Newly magnified economy: Behold, what microscopes exposed the magnified inner workings of the body. Similarly, the integrated networks have exposed the digital connectivity and working of millions of villages, cities, and nations with additional billions of people to interact, trade, improve grassroots prosperity and create a well-informed and opinionated citizenry. Some 100 years ago, if only 1% of the world’s population knew what was happening, today it is a dozen times more, and by 2030 double again. Why would these numbers change the global economic matrix when translated into micro-trading, micro-manufacturing, and micro-exporting? International opinion today is already strong enough to crush any national opinion of any nation still lingering under the illusion of a self-promoted victory.
When the SME sector already exists within each nation, the global markets are always hungry for good quality goods and services, and the rains of almost free digital technologies make such transformation a quick turnaround. Therefore, mindsets are critically essential; the need to define the difference between the job seeker mindset that builds the organizations and the job creator mindset that originates and creates that organization in the first place.
So what are the lessons, key features, and blueprints in sight?
Mistakes and new lessons: Last many decades, as the new world was rising, Western citizens felt like China experts, and their regular visits to local China towns restaurants in each city misguided them that Laundromat trained Chinese could only produce some chicken fried rice. Ever since the advent of the camera, the East was always projected as poor and dysfunctional; mesmerized by the media coverage during the last many decades, the West was equally convinced that India, a land of only snake charmers and fakirs, finally someday speak better English. The general perceptions about Asia, besides eating rice, if they could ever make cheaper products for the West. The rest is history, mistakes, and lessons.
After the big ding-dong nights of 2000 New Year’s Eve, today’s new story starts from the 20th chapter. Now China and India alone have created some 500 million new entrepreneurs, not by a magic pill or meta-crypto-wand but by National Mobilization of Entrepreneurialism, a slow, painful deployment of SMEs across the nation, and by creating mobilization protocols to identify, classify, and digitizing based on multiple factors from type and size to the evaluation of their “respectable” role in future communities and economic factors. This methodology was far more advanced in strategy and stern management over the globalization frenzy from the West, where sudden exporting of manufacturing of the industrial plants to kill manufacturing and destroying the middle class out of the West already declared globalization a great success.
The other mistake is to assume this is an economic or an academic study, at best, like an Oscar Slap on sleepy rotundas occupied with endless printing of money across the Western economies. Instead, this is an entrepreneurial response for the entrepreneurial nations to awaken hidden entrepreneurial talents in up-skilling SMEs and re-skilling manufacturers at national levels.
Recommendations and warnings: No airline can survive with only Flight Engineers and Frequent Flyers stuffed inside the cockpits; that space is only reserved for highly trained pilots. Henceforth, across the world, any economic development of any size, shape, or authority may find other more suitable alternate paths of occupation if they still cannot demonstrate any levels of understanding, applicable skills, or mobilization mastery on the National Mobilization of Entrepreneurialism to up-skill exporters and re-skill manufactures and uplift national SME sector as the most prominent economic contributor of the nation. Study the biggest error of economic thinking
Underestimating the hidden powers of early thinking and starting a tiny unknown SME is a mistake of mindsets; here, entrepreneurialism like a saga unfolds, like a voluminous piece of literature but demanding literacy, understanding the job seeker mindsets and the ability to differentiate with entrepreneurial job creator mindset is already winning half the battle. Study the Mindset Hypotheses
Nations failing to realize the power of the billion SME rising in Asia and still unable to declare a national agenda of national mobilization of SMEs now must acquire an understanding of the 4B Factor: a billion displaced due to the pandemic, a billion replaced due to technology, a billion misplaced in wrong jobs now a billion on starvation watch. Furthermore, this 4 billion ever digitally connected mass of people ever in the history of humankind is now the most significant force of global opinion. Notice nations are already intoxicated with joy over the popularity of their national public opinion while having just an opposite international opinion on the world stage.
Recommendation; everyone is born an entrepreneur; our system chips away at this talent. Nevertheless, 10% to 50% high potential SMEs of any nation once are identified, classified, and digitized within 100 days. The uplifting digital platforms of up-skilling exporters and re-skilling manufacturers will result in 10% to 50% quadrupling their performance, productivity, and profitability. Imagine how much-regimented efforts will activate a positive national economic revolution based on real value creation, uplifting grassroots prosperity. How soon is a nation ready for a significant change? The rest is easy.
Promoting Economic Security: Enhancing Stability and Well-being
The stability and well-being of people, communities, and countries are critically dependent on economic security. It covers a range of topics, such as access to necessities, work opportunities, stable incomes, and defense against economic shocks. The need of guaranteeing economic security has increased significantly in the modern world, which is characterized by technical developments, geopolitical shifts, and unexpected disasters. The importance of economic security is examined in this article, along with important tactics for promoting adaptability and preserving people’s quality of life.
The value of economic security to individuals, communities, and countries cannot be overstated. By fostering an atmosphere where people and families can achieve their basic needs without suffering undue stress, it promotes stability. Because of this stability, people can recuperate and start over after severe shocks like economic downturns, natural disasters, or health crises.
Furthermore, economic security contributes to social cohesion by reducing inequality and fostering inclusivity. When individuals feel economically secure, they are more likely to actively participate in society, contribute to their communities, and engage in productive endeavors. This sense of security leads to greater social harmony and a collective feeling of prosperity.
Moreover, economic security is vital for long-term sustainable development. It enables individuals and societies to invest in education, healthcare, infrastructure, and innovation. These investments drive economic growth, improve overall well-being, and create the foundation for a prosperous future. By ensuring economic security, countries can build resilient and sustainable economies that benefit their citizens and contribute to global progress.
To enhance economic security, several key strategies can be implemented. Firstly, governments and businesses should prioritize diversifying their economies by promoting sectors with growth potential and resilience. By reducing reliance on a single industry or market, countries can mitigate the impact of economic downturns and build a more robust and diversified economy.
Investing in education and skills development is another crucial strategy. Governments and organizations must focus on providing quality education, vocational training, and lifelong learning opportunities. Equipping individuals with the necessary tools and knowledge enables them to adapt to changing economic landscapes and remain competitive in the job market.
Strong social safety nets are necessary to protect people during times of economic upheaval. The most disadvantaged populations should be given priority in the design and implementation of comprehensive social welfare systems by the government. Creating a safety net for all citizens entails implementing programs for income support, healthcare coverage, and unemployment benefits.
Promoting entrepreneurship and innovation can create new opportunities for economic growth and job creation. Governments can support aspiring entrepreneurs by providing access to capital, mentorship programs, and favorable regulatory environments. Embracing technological advancements and fostering a culture of innovation further enhances economic security, particularly in an increasingly digital world.
International cooperation is essential since economic security is a global issue. Cooperation between nations is necessary to advance ethical business practices, lessen economic inequality, and improve financial stability. Initiating discourse, coordinating policy, and assisting nations in economic crises are all important functions of multilateral organizations.
Societies can improve their economic security and create a more secure and prosperous future by putting these strategies into practice: diversifying the economy, investing in education and skills, creating social safety nets, encouraging entrepreneurship and innovation, and fostering international cooperation.
Having economic security is crucial in a world that is uncertain and changing quickly. Governments, corporations, and individuals may all work together to create an environment that promotes economic security by putting a priority on stability, resilience, and inclusivity. We can create a more resilient and prosperous future for everybody through diversity, education, social safety nets, entrepreneurship, and international cooperation. By making investments in financial stability, we build a more just and sustainable world.
The Impact of Globalization on the South Asian Economy
Globalization refers to the process by which economies, societies, and cultures from different countries become integrated with one another. The economies of the countries that make up South-East Asia, which include India, Pakistan, Bangladesh, Nepal, and Sri Lanka, have been significantly impacted by the spread of globalization in recent decades. The effects of globalization on the economies of South Asian countries have been mixed, with some positive and some negative results.
Positive Impacts of Globalization on the South Asian Economy
The expansion of South-East Asia’s trade and investment opportunities is one of the aspects of globalization that has had the most positive impact on the region’s economy. Because of its large consumer base, low labor costs, and strategic location, the region has become an attractive destination for foreign investors. As a consequence of this, the level of foreign direct investment (FDI) in South Asia has significantly increased, which has led to the development of new industries and the production of new jobs.
The expansion of the service industry in Sout-East Asia can also be attributed to the effects of globalization. South Asian countries have emerged as a hub for the outsourcing of services such as information technology (IT) and business process outsourcing as a result of the emergence of new technologies and the increased availability of skilled labor (BPO). As a direct consequence of this, the area has benefited from an increase in both the number of available jobs and the amount of money it brings.
Last but not least, globalization has facilitated greater cultural interaction and integration throughout South-East Asia. The region possesses a significant cultural legacy, and the advent of globalization has made it possible for South Asian music, films, and cuisine to become popular all over the world. This has not only contributed to a greater awareness of the region’s cultural heritage, but it has also opened up new doors for the travel and hospitality industry.
Negative Impacts of Globalization on the South-East Asian Economy
Even though there have been some positive effects, there have also been some negative effects that globalization has had on the South Asian economy. The widening gap between rich and poor is one of the most pressing problems that we face today. The advantages brought about by globalization have accrued almost entirely to a relatively small number of people, which has contributed to a widening income gap. As a consequence of this, social unrest and a wider gap in incomes have emerged.
Another significant obstacle that has been presented is the displacement of workers and traditional industries. Due to the effects of globalization, many smaller businesses have been forced to shut down, and their employees have been relocated to larger companies that are more productive. As a consequence of this, there has been an increase in unemployment as well as social unrest, particularly in rural areas.
Globalization has contributed to the deterioration of the environment in South Asia. The region has seen a growth in industries such as the textile industry, both of which have had a significant impact on the environment as a result of their expansion. The population’s health and well-being have suffered as a direct result of environmental degradation, which can be traced back to the increased consumption of natural resources and the improper disposal of waste produced by industrial processes.
The economy of the South-East Asian region has been affected in both positive and negative ways by the phenomenon of globalization. While it has resulted in the growth of industries and increased cultural exchange, it has also resulted in the displacement of workers and the widening of income inequality. While it has contributed to the growth of industries and increased cultural exchange, it has also resulted in the displacement of workers. In order to address these challenges, policy interventions that foster inclusive growth, protect the environment, and create new opportunities for the population will be required. By acting in this manner, countries in South Asia will be able to take advantage of globalization’s positive aspects while mitigating some of its more damaging effects.
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