Tuesday, August 11, 2009

How we look at economics...

It's almost impossible to find an economist or an economic journalist who can address the general economy from “30,000 feet.” All tend to focus on one small piece of the debate at a time, whether it can be the need for regulation, the end of the financial crisis or the beginning of the recovery. No one, it seems, wants to take a stab at the overall view of the situation and prefers to address the bits and pieces as if they were independent from each other and almost have a life of their own. Instead, all these floating particles are fully interactive and are adding to the overall life, direction and intensity of our economic future.

The discussion has become planetary, global exchanges are defining our economic future and the form it's likely to take in the near future. To me, the economic picture is geographic and fully global; its vitality is a function of the spread of business-English, international business culture, cheap communications, trade exchanges, financial networks, education, culture and natural resources that are available to all of us. Looking at less than that unified picture is not of help at all.

I will revisit that subject, but for now, suffice to say that the interactive nature of business exchanges will act to equalize revenues, increase efficiencies and force old economic models based on monopoly, bribery and good old politics progressively out of the economic picture. That is great news!

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