Economy

Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.

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https://www.cnbc.com/2019/11/05/millennials-earn-20-percent-less-than-boomersdespite-being-better-educated.html
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CNBC
Overall, millennials earn 20% less than baby boomers did at the same stage of life, according to a recent report, thanks, in part, to the effects of the Great Recession and a rise in contract work. That's leading to some long term problems for this generation.
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https://www.sciencealert.com/carbon-pricing-definitely-works-confirms-huge-study
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Science Alert

Putting a price on carbon should reduce emissions, because it makes dirty production processes more expensive than clean ones, right?
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https://www.globaltimes.cn/content/1125451.shtml
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Global Times
During Abe’s recent visit to China, he pledged to actively participate in China’s Belt and Road initiative (BRI). The AAGC and the BRI can coordinate as they share similar geographical range and idea. If China, Japan and India can achieve cooperation, they will boost the world’s confidence in the Asian economy.
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https://www.forbes.com/sites/vinnielauria/2020/05/07/how-southeast-asian-startups-are-creating-a-digital-future-in-a-coronavirus-pandemic/?sh=63fd3854133d
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Forbes
The COVID-19 pandemic gives us an accelerated view of what the digital future may look like in Southeast Asia. Here’s how some key startups are shaping the markets in four verticals: education, e-commerce, entertainment and healthcare.
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https://www.youtube.com/watch?v=liCKwyi1Q0E
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Visual Politik EN
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https://worldview.stratfor.com/article/south-korea-and-japan-trade-spat-security-intel-abe-moon-semiconductors
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Stratfor
Although South Korea has decided not to rip up an intel-sharing deal with Japan, the U.S. allies are still a long way off from ending their trade standoff.
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https://www.nytimes.com/2018/11/21/business/sweden-cashless-society.html
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New York Times
Cash is disappearing in the country faster than anyone thought it would. Now, officials are trying to slow its demise as they determine the societal costs.
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https://www.washingtonpost.com/news/democracy-post/wp/2018/06/09/the-future-is-african-and-the-united-states-is-not-prepared/
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The Washington Post
Washington's policies toward the continent are becoming increasingly militarized. But that's not the kind of help Africa needs.
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https://www.npr.org/sections/money/2014/05/13/312150579/in-somalia-collecting-people-for-profit
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NPR
Distributing aid can be an incredibly risky job for Westerners in Somalia, so local entrepreneurs have filled the gap. But what happens when aid become a profitable business in a lawless place?
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https://www.thehrdirector.com/business-news/pensions/ten-years-quantitative-easing-done-pensions439/
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The HR Director
Quantitative easing (QE) celebrates its tenth anniversary shortly, the economic stimulus having been first announced on 5th March 2009
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https://phys.org/news/2020-10-trillions-extra-economic-climate-effects.html
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Phys
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https://www.thestar.com/edmonton/2019/05/13/alberta-government-to-cut-business-tax-rate-to-8-per-cent-for-lowest-in-canada.html
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The Star
On Monday, Premier Jason Kenney said the tax cut will take place over the course of four years beginning on July 1 this summer with a decrease from 12...
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https://tirto.id/pemerintah-turunkan-pph-jadi-20-di-2023-pengusaha-malah-khawatir-exvg
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Tirto
Menteri Keuangan Sri Mulyani mengakui pemerintah masih memutar otak terkait solusi pengganti bila PPh diturunkan jadi 20 persen.
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https://www.hrgrapevine.com/content/article/2020-03-31-ibms-hr-chief-its-the-perfect-opportunity-to-attract-rival-talent
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HR Grapevine
While many organisations have temporarily halted hiring to help with financial stability, IBM’s HR lead, Diane Gherson, said that now is the ‘perfect opportunity’ to attract talent at rival firms…
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https://worldview.stratfor.com/article/what-bolsonaros-new-spending-push-means-brazil-s-fiscal-future
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Stratfor
By turning his popular COVID-19 stimulus measures into a permanent social program, Bolsonaro risks spooking markets and thwarting his government’s economic reform agenda.
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https://www.cnbcindonesia.com/news/20191104202425-4-112622/menaker-2024-pendapatan-per-kapita-orang-ri-rp-80-juta-tahun
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CNBC Indonesia
Pendapatan per kapita orang Indonesia ditargetkan sampai Rp 80 juta per tahun.
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https://www.cnbc.com/2019/11/07/quantum-dawn-v-sifma-cyber-doomsday-exercise-adds-global-scope.html
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CNBC
This week, the Securities Industry and Financial Markets Association held the fifth in a series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as "Quantum Dawn."
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https://www.vox.com/energy-and-environment/2018/2/16/16926950/hydrogen-fuel-technology-economy-hytech-storage
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Vox
The "hydrogen economy" may be a thing after all.
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https://worldview.stratfor.com/article/why-saudi-arabia-will-struggle-draw-investors-2019
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Stratfor
Saudi Arabia is eager to diversify its economy away from oil, but all the money in the world might not be enough to get the ball rolling next year.
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https://www.mic.com/articles/125420/basic-income-studies-higher-minimum-wage-and-living-wage-creative-renaissance
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Mic
What would you do if money were no object? 
You've probably been asked that question at least once in your life, whether it was a high school guidance counselor or a friend trying to sort out why you hate your day job. 
But really: Would you finally…
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https://www.npr.org/2020/01/08/794687084/california-governor-pushes-1-4-billion-plan-to-tackle-homelessness
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NPR
As the state's homelessness crisis grows, Gavin Newsom is pushing a plan to subsidize rent and build more affordable housing. The Trump administration has said state leaders are not doing enough.