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There are economists working in the absence of absolutely certain, the collapse of oil prices has caused instability in the economies of some countries and thus reflected on the economic decisions of some countries - notably producing countries and oil exporters - With regard to the overall economic system is an economy based on interests, do not forget argument famous, which says: twenty percent own wealth and eighty percent are working in order to enrich these twenty percent
It's failing and coming quickly towards a major recession because it's been long unjust and unfair promoting Riba-based transactions. It's based upon the oppression of the weak and the massive printing of non-gold backed currency which has been the reason for the devaluation of the dollar 97% since 1933 till today.We already started seeing that in China since July last year and it's moving in Europe fast and in the middle east and will hit the US the hardest over the coming 7-8 months.
The current financial crisis is the worst the world has seen since the Great Depression of thes. For younger generations, accustomed to mild recessions of the new phase of globalization, the misery of the Great Depression is hitherto nothing more than a distant legend. However, the collapse of two Bear Stearns Hedge funds in summer of exposed what came to be known as the subprime mortgage crisis, reintroducing the world to an era of bank failures, a credit crunch, private defaults and massive layoffs. In the new, globalized world of closely interdependent economies, the crisis affected almost every part of the world, receiving extensive coverage in the international media. “In an Interconnected World, American Homeowner Woes Can Be Felt from Beijing to Rio de Janeiro,” observed the International Herald Tribune at the onset of the crisis. “Chinese Steelmakers Shiver, Indian Miners Catch Flu,” noted the Hindustan Times. “US and China Must Tame Imbalances Together,” suggested YaleGlobal, as the frenzied search for a solution continues around the globe.
In this special report, YaleGlobal offers essential information on why the crisis started, how it affected the industries and consumers around the world, and what solutions have been proposed by experts and regulators across countries.
Hope the curve would move upwards soon and wait for next economic boom.
it is a game only one man show style if he need economy go up just said that if he need it fall down he will make it
The global economic system as it stands is perceived by business owners as unstable adding more uncertainty to long term planning and investments, by homeowners buyers/sellers as a time to make a serious move toward asset evaluation, and by young employees as a time to buckle down the job and keep it from fear of loosing everything if any changes are made such as looking for a better position or demanding promotions.
Customers are holding on to their cash and investors are thinking twice before investing and are being extra cautious.
Those who can remember vividly the 2008 crash that had world wide ripple effects are bracing themselves and are preparing themselves to avoid the mistakes they made during that time that lost them housing/business/investments.
Basically its time to get out the old history books and look up the effects and repercussions of the Great Depression so that we know what we are really going to have to deal with in the near future!
Fully agree with Nuridin Islam Diab answer.
Thank you for the invitation I agree with the answers of experts and specialists
The 2015–16 State of the Future brings together an extraordinarily diverse set of data, information, intelligence, and hopefully some wisdom about the future. This is the eighteenth edition of the State of the Future. We believe that each edition is better than the last. We update data, improve insights, and respond to feedback. You can add your feedback online at the Global Futures Intelligence System (themp.org). There is a comment icon in the lower right corner of the executive summary and the same for every one of the 15 Global Challenges.
The short overviews of the 15 Global Challenges are getting longer and more detailed each year. In addition to giving you possibly the best overview in existence for each challenge, think of these as a reference to keep on your desk to return to as needed. Just as you would not speedread the encyclopedia, this section should also be taken in short doses. Take your time to reflect on what you are reading in each challenge and in the sections on the State of the Future Index and the Future Work/ Technology 2050. This is the second year we have used the Global Futures Intelligence System to update and improve the State of the Future report. The challenges in GFIS are updated daily from news aggregations, scanning items, situation charts, and other resources, which has led to greater detail and depth than in the previous edition.
While this report presents the distilled results of recent research by The Millennium Project, GFIS contains the detailed background and data for that research, plus all of The Millennium Project’s research since its founding in 1996. It also contains the largest internationally peerreviewed set of methods to explore future possibilities ever assembled in one source. Readers of this report should subscribe to GFIS to keep up to date and participate in improving insights about future possibilities.
The purpose of futures research is to systematically explore, create, and test both possible and desirable futures in order to improve decisions. Just as the person on top of the mast on old sailing ships used to point out the rocks and safe channels to the captain below for the smooth running of the ship through uncharted waters, so too futurists with foresight systems for the world can point out problems and opportunities to leaders and the public around the world. Since decision-making is increasingly affected by globalization, global futures research is increasingly valuable for decision-making by individuals, groups, and institutions. The quality of democracies emerging around the world is enhanced by better-informed publics; understanding issues and opportunities in this report can contribute to improved democratic decision-making.
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The Millennium Project is a global participatory think tank of futurists, scholars, scientists, business planners, and policy makers who work for international organizations, governments, corporations, NGOs, and universities and who volunteer their time to improve each edition of the State of the Future. It was selected to be among the top 10 think tanks in the world for new ideas and paradigms by the 2013 and 2014 University of Pennsylvania’s GoTo Think Tank Index and as a 2012 Computerworld Honors Laureate for its innovations in collective intelligence systems.
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have very limited knowledge, agreed with the expert version
Shaking , Biased , Political and Scary !
Thank You
