A valid reason for faster global development soon than ever!

by BelaynehKassaWubie | June 12, 2010 at 04:24 am
86 views | 2 Recommendations | 0 comments

Currently, it seems that nations and peoples of the world are much more frustrated on the global economic crises and sustaining life. But I am so optimistic that the crises, dynamism, complexity and volatility of the world will bring much more global socio-economic development than ever. Why?

The crises, dynamism, complexity and volatility of the world will significantly increase the living anxiety of peoples of the world. If living anxiety is greater than learning anxiety the emotional acceptance of people to take risks of investment, creativity and innovation will dramatically increase. Taking risk boldly means achieving higher returns with inventions and innovations. The reason for faster global development!

My argument, however, does not mean people will be engaged into practice without managing risks of failure. Managing risk will be there but many of peoples of the world will be engaged into practice that yields real economic results for their own sake or maintaining their life. It means that excess people engaged in non economic sphere such as intelligence, military, etc will be engaged in real economic activity. It does not mean that intelligence people and military are unnecessary as they are important in managing risks or safeguarding societies wellbeing but the number will be optimal.

The other reason is that global companies will look for new market space and that market space will undoubtedly be the bottom of the pyramid i.e. the billions poor of the world. They obliged to develop this market through building infrastructure on a private-public partnership (PPP) basis and also increasing the purchasing power of the billion poor. Developing this market means bringing about faster global socio-economic development and a better world.


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cassy82
First Flagged at 12:33 PM, Jun 14, 2010 by cassy82

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