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• W2468172102 abstract "The EM/389 Global economic project is a scientific research work which tries to dig into the formation of and the inequality found at the centre of the global economy. It is an economic framework that strives to configure the global economy in the long run by setting each of a single national economic sub system together to reflect a global economic system that can be easily accessed, monitored and controlled. it tries to assign a common economic base to individual economies and install an inter-related business/social network that will help to adjust the effects of global economic challenges on lives and activities.First it begins to place the global economy on a formation framework. That is to say; for the economy to be in existence it has a root (formation map), and on its formation it takes its past, present and future scenarios, visible to human interpretations into account. The formation of world economy takes one global common economic base of Y = A X B , in the sense that economic activities spring up from a line of human resources [A] ie the works of nations and natural resources [ B] ie wealth of nations, all with an interrelating function that has a dependable factor [Y] funds]. [This interrelating activities are translated into aggregate demand and supply, money and interest rate] which tells the state of the economy as a whole. Taking a view from past, present and future state of the economy, our central economic equation Y = A X B is seen in a fluctuating [up and down] trend where increase and decrease of both components have positive and negative effects together on the economy. [If there is funds; if no funds Y: surplus; deficit. A: pop/labor; increase; decrease. B: natural resources/sector contribution; increases; decrease] X: Economy value-in- welfare /GDP: expansion; contraction. There are certain factors that determine the state of and – terminals of Y = AX B. These factors are classified into internal and external factors. The internal factors are seen within the capacity of authorities who control the X part of our equation by managing [A B Y] part with their various indigenous monetary/fiscal policies. The external factors are seen within the capacity of authorities to manage the housing structure of our equation, ie the environment where Y = AX B is defined. The external factor is determined by natural occurrence and method of prevention and management by these authorities. This means EM/389 sees each nation faced with both internal/external challenges affecting lives and activities.Q BOX: EM/389 tries to put best economic planning strategies to address such problems affecting lives and economic activities.The human view and interpretation of the global economy scenario reflecting past, present and future state of existence is based on the communication process of Y = A X B and its housing components that bring into picture the varying activities that has either positive or negative output on global lives and activities, which existing solution models, frameworks tend to predict, forecast and address over these years.The EM/389 looks at the positive and negative output associated with the global economy/ human existence, as a product of the global economic formation process of G[Y = AX B] cum processing policies [natural resource allocation cum government policies]. It observes critically that the natural formation of the global economy already has an inequality sign where its present formation is seen as a disintegrated economic entity. [ie viewing the global economy as a whole made up of various parts. If we calculate the various economies we would find out variations occurring among nations]. it also discovers further that the inequality sign found at this point can only be counterbalanced by disintegrated economies taking a common economic formation frame, reflecting the global economy and functioning as a corporate whole. The inequality discovered at the centre of formation of the global economy is determined by both resources, [human and natural endowments], location point of formation, independent controlling policies etc. EM/389 discovers that the poles of the global economy formation are under the swing of gravitational force and aero-dynamics where the law of gravity centers the formation to the ground and aero-dynamics centers it up. We say we have a ground - up formation of the global economy. [ ie global economic activities take place both on the ground and in the air, just like traveling by land and also by air to carry out a business transaction] The speed[S] multiplied by Time[t] at which economic activities take place from one national economy location point to another determines to an extent the present and future path of such economy. The natural inequality found among nation’s resources [human/natural] directly or indirectly determines the speed at which economic activities flow from one point to another over time. The inequality among nation’s resources [determining aggregate demand and supply, money and interest rate]is basically a contributing factor to disequilibrium in the changing structure of the world economy.Q BOX 2; EM/389 suggest one way out to adjust inequality among nations. The EM/389 says that various world governing authorities in their efforts to balance this inequality found among nations deploy various measures ranging from political, economic, social, environmental self-policies, laws, agreements, rules/regulations and solution planning methods etc. The more the measures used by these authorities fail to bring economies to function and reflect a whole formation structure of the global economy the larger the inequality expands over time and is certain for a total collapse to occur if nothing is done to restructure the global economy and generate a world economic system that can be easily accessed, monitored and controlled.The EM/389 has further discovered that to balance the inequality found at the centre of the global economy every policy or measures used by world authorities to address global economic challenges MUST take its root from the law of economic compatibility and the law of comparative advantage using a concise and result-oriented global solution framework, considering the dangers ahead of global existence.The EM/389 economic project explains why economic challenges facing the world today are expanding more than practical economic solutions applied by both world governing authorities and solution- providing institutions in their efforts to address global economic problems in reality. It observes the self- protecting economic, political, social and environmental structure and policies, regulations etc as major determinants of effects-spread on global lives and activities. The EM/389 explains why all policies must be centered on the binding law of unity and mutual exchange process. [eg , 1 2 3 4 5 = 15/5 = 3 ie 5 nations with wealth and works driving the global economy at an average speed of 3. The average speed of these countries [ 3] is used to maintain a unit balance in the effect of inequality among these 5 nations. These nations have different types and sizes of wealth and works but one form. The tendency of a nation securing economic prosperity will be beneficial to such nation in the short run, as in the long run, effects confronting other nations interrelated to this nation might affect this nation’s sustaining capacity. [ Eg. The Great recession of 2008 sending ripple effect to most economies that was stronger before the recession]. That is to say a single nation no matter how strong it has developed its economy is not strong enough to withstand the waves rising from global economic collapse [Eg. The US economic situation following the 2008 great recession] and at this point does EM/389 suggest a collective effort of nations to address global economic challenges every nation is subjected to, presently and in the future." @default.
• W2468172102 created "2016-07-22" @default.
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• W2468172102 date "2016-04-27" @default.
• W2468172102 modified "2023-09-26" @default.
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