Never ever before in the history of humankind, the economic behaviorism across the world suddenly surrendered to a single calamity, affecting the majority of the global populace suffering in prolonged continuity. The side effect of such complexity juxtaposed with technological access can bring sweeping changes to our assumed complacency. All traditional problem solving and conventional thinking styles now considered dangerous to economic growth and social balances.
Alarm bells are still inaudible. Without real value-creation for common good,national economies are illusionary; make belief successes and only crypto-tyrannies. Some 200 nations are trying to stand up to post pandemic recovery, some 10,000 cites trying to re-open. There are also some 100 national elections already scheduled across the world within the next 500 days. Most campaigns focused on new survival will test the new narratives on building midsize business economies. Globally, the audience of many billions is expecting truthful answers therefore, needed urgently are the authoritative narratives already missing from media, academia and local political leadership showing gaps on futuristic literacy on midsize economic transformations. Covidian, the survivors of the pandemic will reject lip service over real action but equally cooperate and work with new honest approaches.
Re-creating election campaigns: Firstly, if kissing babies is dangerous for health reasons, promising full national employment is also kissing goodbye to incumbency. Futurism is Workless; study more on Google, how perpetual robotization eliminates ‘work’ known as humankind’s productivity. Needed today, a new global-age ‘Nouveau Occupationalism’ how new occupational activities must recognize acceptable, respectable as real occupations. Required is a deeper understanding of how 500 million new entrepreneurs are now on the march from Asia while western economies still so ‘job-seekers’ focused ignoring ‘job-creators’ needs and their byproducts via national mobilization of entrepreneurialism.
Without entrepreneurialism centrality, bureaucracies alone simply cannot lay that egg. The double edge sword strikes, when achieving higher global standards, out of fear old thinking kills bold open collaborative approaches resulting in lingering mediocrity. Study the SME programs of some top few dozen nations, the graveyards of failed and lingering piece-meal projects. On global age performances and upskilling, if survival of the fittest is in order, the time to call it has arrived. Economic development is not a PR sloganeering exercise; it is a tactical battlefield in search of warriors.
Re-creating new understanding of small medium business economy: Globally speaking, the main reason, why old-school economic models in western economies on small and medium business economy frontmiserably fail, unable to fully decipher the big puzzle “if big business is big, but small business way much larger” what else were they supposed to do, really? Big was always taken care, and always, while anything small always bundled as miscellaneous abandoned residual of sorts left at the doorsteps of Ministry in the hush of night. Out of the league, was the required understanding on the advancements of national mobilization of midsize businesses on entrepreneurial platforms of upskilling and out of fears for being too out of box and entrepreneurial adventures in nature?
Digitization is the missing chain link to the future economy, lacking on digitization of any midsize business base is not only critical but lack of understanding of such programs is tragic. This stage of advancements is outside website management and social media rhetoric. Of course, front line economic development teams need special upskilling to achieve virtualized economies as such tasks demand intense experience and special skills with no room for novices. Study some major oddities of SME digitization programs. Post recovery suggests thorough certification to articulate on such topics with highly specific and pragmatic solutions because one size fits all bundled SME solution is seriously detrimental to the bigger cause. Digitization of midsize economies will save national economies but it is more than government funded small on/off digital switches, it is about boosting global business and entrepreneurial access on digital platforms.
Leave the rich and super-rich alone: National opinions around the world on super-taxing the super-rich and stealing their wealth will never make nations rich or solve their chaos on their midsize economies. Needed are fair and honest tax systems, fair laws for all and honest tabulations for justice. Currently not one single national leader or groups of nations strong enough to stand up the already institutionalized tax loopholes managed by each nation’s top advisors is where some revolutionary adjustments called for. Fix the root cause; leave the properly earned wealth alone.
Re-creating education models: Economic prosperity is largely mobilization of entrepreneurialism.Entrepreneurialism is neither academia-born nor academic-centric. The grassroots prosperity is only a byproduct of entrepreneurial philosophy based real value creation productivity models and not confused with solely money-making-schemes economic models of value-manipulation. Universities and colleges best for academics are simply not qualified to transform entrepreneurialism on a large scale.
Classroom trained, book knowledge is like training armies by drawing pictures of tanks or running around in class with water pistols. Imagine the day gourmet chefs start teaching surgery or dentistry, the time for liberal art majors to prophesize how to create next generation dropouts like Steve Jobs to alter the future of the world, consider a time to damage the nation’s entrepreneurialism has arrived. True, not everyone is entrepreneurial and therefore so many other traits aggregate to form any successful organization.
Observe why it is always the entrepreneurial leadership that builds an enterprise, therefore, not having entrepreneurial representation at major economic decisions is a serious mistake. Today, business cum-entrepreneurial education outside creating hedge-funding assembly line workers for mega-corps is mainly a liability and definitely a debt burden to students. In order now; apologies from educational institutions with compensation for the lost years and student loans wipeout. Study more on Google how the lingering high price games of buying degrees from top Ivy League institutions across the world thrives.
“Allow Million qualified foreign entrepreneurs to park within your nation for 5-10 years under a special full tax-free visa and stay program. Which nations have qualified dialogue on such affairs? Bring in, land million entrepreneurs in your nation, and create 10 million plus jobs and new wealth in following years. Let your own institutions and frontline management learn how such economic developments created. Be bold, as the time to strategize passed now time to revolutionize has arrived”. “Excerpted from keynote lecture by Naseem Javed, Global Citizen Forum, Dubai, 2013.”
The future of expensive business education entrepreneurial certification is dark. Therefore, panic at Ministries of Economy and Trade across the world to push SME to acquire entrepreneurial training at local universities is only prolonging the problem. Solutions hidden in two folds, the new thinking to match global competition and secondly the recognition of global-age market expansion demands. Both require special upskilling.
Olympics of the Unemployed: As Futurism is Workless: March of the displaced replaced and misplaced billions of workers of the world rediscovering their talents and skills to uplift for the future. A great opportunity for leaders to support their true struggle and not the riot gears.
These are the mostly liberated slaves from the cubicles, freedom fighters from the boardrooms and kamikazes from startup and innovation ghettos and organizational silos. They prefer not to go back to salt-mines of incompetency, where lingering fog always strangles new ideas and thinking. Nevertheless, the last 400 days of isolation, enlightened them as they witnessed the moons and stars, sunrises and sunsets, life and death and the rising towers of printed money and canyon of debts, business hierarchies drowning in the big flood while steerage strapped to bottom. Now they want their own lemonade stand to start their own journey and wish to become the road warriors of the tactical battlefields of entrepreneurialism. They seem ready to revolutionize our struggling economies.
Winners of elections are economically skilled leaders, although, economical footwork is smart entrepreneurial execution but not to be confused with pure fiscal management. Study deeply, this is where real entrepreneurialism thrives, why cost-cutting sinks and how entrepreneurial math works. Accountancy tabulates the past and after the fact, while future and growth are purely entrepreneurial strategies, lack of such thinking will only crush national economies and creative algorithms to create fakery will only knit a stronger noose. As economies sink, the orchestra on the deck does not require life jackets, but upskilling on better management. Explore also Expothon Africa and how it is working with various governments on how to uplift midsize economies on digital platforms of entrepreneurialism and upskilling them for global exportability.
Re-consider survival options: As a post pandemic recovery processes,what does it take to bring “national mobilization of entrepreneurialism to midsize economy”? Start by identifying region-by-region, trade-by-trade, key expansion issues, match with pragmatic deployment programs and execution guidelines, apply screening and selection criteria as a blueprint to allow strategic planning. Entrepreneurial narrative is a mandatory prerequisite at all fronts otherwise; the outcome is just old style flat out confusion. Is this when entrepreneurial economies based on real value creation lead?
Entrepreneurialism based economies are driven by entrepreneurial minds.
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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