My blog gives all data, facts and statistics about global real politic economic system, factors of production, poverty and inequality. Also I give information about popular hedonic life of human-beings.
I believe that economy science must become a holistic social science that includes all multi dimensions of human (body, mind, soul) and to give inspiration (motivation) to become perfect "homo-economicus" generations for the 21th century.
The tech giant reported $17.8 billion in sales during this year's frenzy, breaking the record of $14.3 billion set in 2015. That's more than Black Friday and Cyber Monday combined. Alibaba founder Jack Ma even made an appearance, performing card tricks with Scarlett Johansson.
The multibillion dollar event includes products from thousands of international brands, all vying for the purchasing power of more than 100 million shoppers. Celebrities appeared at a three-hour variety show leading up to the event's midnight start in the southern Chinese city of Shenzhen. David and Victoria Beckham got things started by hawking whiskey and sunglasses on stage. Twenty minutes later, a Mandopop boy band sang a song with the hook "I'll teach you to buy." An appearance by NBA star Kobe Bryant, an icon to Chinese basketball fans, was also a crowd pleaser.
China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. China is a net importer of services products.
China is the largest trading nation in the world and plays the most important role in international trade, and has increasingly engaged in trade organizations and treaties in recent years. China became a member of the World Trade Organization in 2001. China also has free trade agreements with several nations, including Australia, South Korea,ASEAN, New Zealand, Switzerland and Pakistan.[
mining and ore processing, iron, steel, aluminum, and other metals, coal; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, aircraft and other vehicles; telecommunication and industruial equipment; machinery; heavy engineering; commercial space launch vehicles, satellites, manufacturing
Electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment, as well as almost every single category of industrial products.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016
Photo: R. Lincoln/Harvard University
Oliver Hart
Prize share: 1/2
Photo: MIT Economics
Bengt Holmström
Prize share: 1/2
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 was awarded jointly to Oliver Hart and Bengt Holmström "for their contributions to contract theory"
Source:(www.nobelprize.org)
Oliver Hart is currently the Andrew E. Furer Professor of Economics at Harvard University, where he has taught since 1993. Hart works mainly on contract theory, the theory of the firm, corporate finance, and law and economics. His research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. He has published a book (Firms, Contracts, and Financial Structure, Oxford University Press, 1995) and numerous journal articles. He has used his theoretical work on firms in two legal cases as a government expert (Black and Decker v. U.S.A. and WFC Holdings Corp. (Wells Fargo) v. U.S.A.). He is a Fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, and the American Finance Association, a member of the National Academy of Sciences, and has several honorary degrees. He has been president of the American Law and Economics Association and a vice president of the American Economic Association.
Source:(www.http://scholar.harvard.edu/hart/home)
Bengt Robert Holmström is the Paul A. Samuelson Professor of Economics at Massachusetts Institute of Technology, where he was head of the Economics Department from 2003-2006. He holds a joint appointment with MIT’s Sloan School of Management. He is an elected fellow of the American Academy of Arts and Sciences, the Econometric Society and the American Finance Association, and an elected foreign member of the Royal Swedish Academy of Sciences and the Finnish Academy of Sciences and Letters. He is a research associate of the National Bureau of Economic Research (corporate finance). In 2011 he served as President of the Econometric Society. Holmström is a microeconomic theorist, best known for his research on the theory of contracting and incentives especially as applied to the theory of the firm, to corporate governance and to liquidity problems in financial crises.
In demographics, the world population is the total number of humans currently living. As of August 2016, it was estimated at 7.4 billion. The United Nations estimates it will further increase to 11.2 billion in the year 2100. World population has experienced continuous growth since the end of the Great Famine of 1315–17 and the Black Death in 1350, when it was near 370 million. The highest population growth rates – global population increases above 1.8% per year – occurred between 1955-1975 peaking to 2.06% between 1965-1970. The growth rate has declined to 1.18% between 2010-2015 and is projected to decline to 0.13% by the year 2100. Total annual births were highest in the late 1980s at about 139 million, and are now expected to remain essentially constant at their 2011 level of 135 million, while deaths number 56 million per year and are expected to increase to 80 million per year by 2040. World population reached 7 billion on October 31, 2011 according to the United Nations Population Fund, and on March 12, 2012 according to the United States Census Bureau.
Alphabet, Google’s parent company, has overtaken Apple to become the world’s most valuable company, while Facebook has replaced ExxonMobil in 4th. Alongside Microsoft, these four tech giants are now the world’s biggest companies.
Alphabet’s value has risen to around $568bn compared to Apple’s $535bn. With this increase, Google has taken Apple’s crown as the world’s biggest company. Apple, which has held the top spot for three years, saw shares fall last week after the tech giant predicted its first revenue fall in 13 years.
Google’s CFO, Ruth Porat, put growth down to advertising on smartphones and YouTube. Paid-for clicks rose 40% across Google ads last year.
Source: Highcharts via Daily Telegraph
How has Alphabet done it?
In the last year, the company has surged past Berkshire Hathaway, ExxonMobil, Microsoft and now Apple to reach the top. Since restructuring six months ago to become Alphabet, the company has almost doubled in value. This despite no significant changes in its products or services.
The most profitable aspect of the business remains Google. The search engine and the advertising revenue it brings in, which was over $13bn from its own sites in 2015, represent a significant chunk of profits.
The Guardian suggests it’s as easy as ABC, with the simplicity of the search engine continuing to set it apart from competitors. The most recent figuressuggest there are upwards of 100 billion Google searches a month.
The power of Google allowed the business to offset losses of $3.6bn on its “Other Bets” business. This includes more experimental ventures such as self-driving cars and internet balloon programmes.
The rise of the tech giant
Alphabet’s coronation as the King of Wall Street reflects a broader trend in the growth of technology firms.
Alphabet, Apple, Microsoft and Facebook represent the power of technology in a modern world, and the emergence of the Fourth Industrial Revolution. This revolution is characterised by a blurring of the lines between the physical, digital and biological worlds.
Technology companies are at the forefront of this rapid change.
“The possibilities of billions of people connected by mobile device, with unprecedented processing power, storage capacity, and access to knowledge, is unlimited,” argues Professor Klaus Schwab.
The revolution presents opportunities and challenges, notably in the labour market. Economists have suggested automation has the potential to cause widespread disruption to the way we work.
Compare Ford Motor Company’s 187,000 employees to Google’s 56,000.
But, as Professor Schwab has argued, the Fourth Industrial Revolution need not ‘robotize’ humanity. Rather it can supplement the best aspects of human nature.
The rise of the tech giant is reflective of the opportunities of this revolution. One which we all need to be ready for.
Description: Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Table of Contents. Date: October 04, 2016
1.4%(2015)
$3.3 trillion (1st; March 2015)
