BLOGGING IS EXPRESSING ONESELF

Education even today , if we look at is still very much the same as it was 50 years ago , though the entire world has seen so much of change in every other sphere. It does not mean that everything that is being taught is be undone but may be the way it is done needs to be re-looked at , making more stress on what is relevant for job skills and innovative and creativity and lesser on repetitive and non useful stuff. Another thing that can make a difference is Technology which is still to be used extensively is education as it is used in all other sectors specially in schools and colleges. Also there is a need to reduce the cost of education which has skyrocketed in recent times thanks to a combination of inflation , limited supply of resources vis-à-vis demand and to a large extent profiteering also. The most important dimensions in Education that needs to be looked at today are 1. Relevance of Education to acquire job related skills 2. Cost of Education to be m...

The Global Cities are the temples of Economic Prosperity and there are various ways by which a city can become a Global Economic City as defined by Jesus Leal &  Joseph P in their Article " REDEFINING GLOBAL CITIES" . The various ways as defined are 1. Asian Anchors Asian Anchors include five Pacific-oriented metro areas—Beijing, Hong Kong, Seoul-Incheon, Shanghai, and Singapore— and a sixth major emerging market metro, Moscow. Asian Anchors are not as wealthy as their Global Giant counterparts, but play a similar role as command centers in fast-growing Asia, drawing on their infrastructure connectivity and talented workforces to attract the most FDI of any metro grouping 2.Emerging Gateways Emerging Gateways are 28 large business and transportation entry points for major national and regional markets in Africa (e.g. Johannesburg), Asia (e.g. Mumbai), Latin America (e.g. São Paulo), and the Middle East (e.g. Istanbul). These metros have grown healthily to r...

Late Professor C.K.Prahlad , one of the greatest Marketing Gurus in his book " The fortune at the Bottom of the Pyramid " popularized the idea of the LARGE MARKET available at the LOWEST VALUE END of the market . The bottom of the pyramid, bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group. In global terms, this is the 2.7 billion people who live on less than $2.50 a day which means an economy of USD 2500 Billion and a GDP per Capita of USD 912 Dollars In terms of overall GDP as against 2.7 billion people it is equivalent to the economy of France which has a population of 66.8 Million people only , And GDP per Capita it is equivalent to African Economies like Tanzania , Senegal , Zimbabwe , Chad and Mali and the biggest difference is that of imagining everyone living in the poor colonies of these countries with no access to clean water , sanitation , electricity 24 hours , Food in Calories terms as per r...

China has done a remarkable feat in growing it's economy in last 20 years in improving it's  13th Rank in overall GDP and 186h rank in GDP per Capita to 2nd position in overall GDP and Rank 89 in GDP per Capita by improving GDP by improving it's GDP by USD 11 Trillion in last 20 years over a base GDP of USD 400 Million registering a staggering growth number of 2600% plus & a CAGR of 18% per annum. History Behind the Growth In 1992, fourteen years after Deng had risen up as China's de facto leader, he embarked on the "nan xun" or "Inspection visit to the South". There he, being already very old, uttered the famous words: "kai fang!"  These words, which literally mean "open up", would indeed prove to be very significant for China's economic and social development up until the current day. After this surge of motivation, China both economically and socially started expanding. One of the most famous maxims of Deng,...

Both India and China although having low productivity per person has been in the top 20 Economies due to their sheer sixe of population and it's impact on both Production & Consumption. While India is more of a consumption economy as far as manufacturing sector is concerned it is a net exported in case of services. In case of China it is a huge exporter of goods manufactured and basis this has today become the second largest economy in the world . However both these countries and their citizens still have majority of their population living below the poverty line The Unemployment Percentage for last   years is as follows The rate of unemployment is very high in India and these numbers may not include a large number which is not reported at the employment exchanges . This is a high concern area for which government runs various programs like MNREGA but still it looks like that the same is not reaching to the end person . In fact the need of the hour is to ...

The Economic Power of Cities Compared to Nations The World's Ten Biggest Cities are as Follows Some highlights of the comparison: Tokyo, the world’s largest metro economy with $1.6 trillion in GDP-PPP, is just slightly smaller than all of South Korea. Were it a nation, Tokyo would rank as the 15th largest economy in the world. New York City’s $1.5 trillion GDP places it among the world’s twenty largest economies, just a tick under those of Spain and Canada. Los Angeles’ $928 billion GDP is bit smaller than Australia’s, with $1.1 trillion. Seoul ($903 billion) has a bigger economy than Malaysia ($817 billion). London’s $831 billion GDP makes its economic activity on par with the Netherlands ($840 billion). Paris, with $819 billion in GDP, has a bigger economy than South Africa, $726 billion. The $810 billion economy of Shanghai outranks that of the Philippines, with $744 billion. If you added the ten largest metros together, you’d get a GDP-PPP of $9.5 trillion—big...

The World Economy has grown in the last twenty five years from 1990 to 2015 from  USD 23.7 Trillion to USD 73 T +. If we divide this economic growth into buckets of the Top 20 Economies , Next 50 Economies , Bottom 20 Economies , Next Last 50 and the reaming Middle 80 ( Total countries being 220) we see that in 1990 the Top 20 is worth 84 % of the Total world Economy whereas the Bottom 20 is worth only 0.01 % .  There is some improvement in this in 2010 and 2015 when Top 20 comprises of 79 % of the world economy but still the Bottom 20 is worth 0.16 % only. If we look at some of  the World's Top Economies , from 1970 to 2015 and the expected future 1n 2050 the world economy is expected to double to USD 146 T by 2050 and the Top 20 economies would be constituting 85 % of the total economy. The top economies and their rankings and GDPs from 1970 to 2050 as follows United Sates which was number 1 from 1970 would be displace to No 3 in ...