scholarly journals Wealth and Desired Wealth

2021 ◽  
pp. 43-61
Author(s):  
Carl Christian von Weizsäcker ◽  
Hagen M. Krämer
Keyword(s):  
Purchasing Power ◽  
Absolute Poverty ◽  
Waiting Period ◽  
Private Provision ◽  
Monetary System ◽  
Current Consumption ◽  
The Future ◽  
Global Population

AbstractWith increasing general prosperity, desired wealth increases faster than current consumption. There is thus a secular tendency for the “waiting period” Z to grow. This is already the case for demographic reasons that hold for the global population as a whole. The proportion of the global population living in absolute poverty is rapidly declining. A monetary system offering stable purchasing power represents an important contribution of society to facilitating adequate private provision for the future. The “savings triangle” is a highly simplified, but neat representation of these interrelationships. It offers a good approximation of the facts.

The Future

2020 ◽  
pp. 225-238
Author(s):  
Constantine Michalopoulos
Keyword(s):  
Human Condition ◽  
Absolute Poverty ◽  
Global Inequality ◽  
The World ◽  
Global Problems ◽  
The Future ◽  
Future Challenges ◽  
Development Goals ◽  
The Many ◽  
Global Population

Much has changed since the Utstein Four burst onto the international scene twenty years ago: a resurgent nationalism and xenophobia are undermining efforts to address global problems. Yet, the world today in many respects is a better place than it was twenty years ago: the share of the global population living in absolute poverty is the lowest in human history; people are better educated and nourished, and live longer and healthier lives. Many challenges remain: while global inequality has declined, within country inequality has increased; women still fare worse than men in practically all aspects of the human condition; and climate change is inexorably marching on, threatening the very existence of humankind. Still, it has been said that a peaceful earth inhabited by about ten billion people without anyone suffering poverty is not a wild fantasy. It is feasible. That is what the UN Sustainable Development Goals (SDGs) are about. Among the many things the U4 were credited with was their contribution to the achievement of the Millennium Development Goals in 2015. The last chapter tries to draw lessons from the U4 experience of twenty years ago that can be useful in addressing the future challenges humanity faces in achieving the SDGs.

What we can learn from the parallels between the COVID-19 and the future climate change crises

2020 ◽  
Author(s):  
Rubén D. Manzanedo ◽  
Peter Manning
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
Global Climate ◽  
Future Climate Change ◽  
Substantial Portion ◽  
Preventative Measures ◽  
The Future ◽  
Behavioral Norm ◽  
Climate Crisis ◽  
Global Population

The ongoing COVID-19 outbreak pandemic is now a global crisis. It has caused 1.6+ million confirmed cases and 100 000+ deaths at the time of writing and triggered unprecedented preventative measures that have put a substantial portion of the global population under confinement, imposed isolation, and established ‘social distancing’ as a new global behavioral norm. The COVID-19 crisis has affected all aspects of everyday life and work, while also threatening the health of the global economy. This crisis offers also an unprecedented view of what the global climate crisis may look like. In fact, some of the parallels between the COVID-19 crisis and what we expect from the looming global climate emergency are remarkable. Reflecting upon the most challenging aspects of today’s crisis and how they compare with those expected from the climate change emergency may help us better prepare for the future.

Future of Commodity Markets and Investments

2018 ◽  
Author(s):  
Hunter M. Holzhauer
Keyword(s):  
Supply And Demand ◽  
Commodity Markets ◽  
Investment Banks ◽  
Algorithmic Trading ◽  
Excess Supply ◽  
The Future ◽  
Change Concerns ◽  
Global Population ◽  
Regulatory Trends

This chapter begins with a breakdown of recent growth trends for the overall commodities market. However, the long-term future of the market will heavily depend on three pressing issues: excess supply, increased regulations, and algorithmic trading. The section on excess supply explores how traders are changing strategies to adjust to the current imbalance between supply and demand, especially in the steel industry, and how that imbalance might change in the future based on global population trends and climate change concerns. The next section examines several regulatory trends, including the dramatic exodus of some investment banks from certain segments of the commodities market followed by a section focusing on how algorithmic trading is influencing how commodities are traded. A discussion of potential scenarios for the commodities market follows. The chapter concludes by examining a few ways in which the market and commodity traders may both survive and even thrive in the future.

A Bank of Issue Forged in Silver and Tears

2020 ◽  
pp. 10-29
Author(s):  
Einar Lie
Keyword(s):  
Exchange Rate ◽  
Market Value ◽  
Purchasing Power ◽  
Napoleonic Wars ◽  
Not Given ◽  
The Public ◽  
Paper Money ◽  
Monetary System ◽  
Monetary Unit ◽  
Government Financing

This chapter discusses the formation of Norges Bank. Norges Bank was formed in 1816 by resolution of the Storting, Norway’s new parliament. The bank was not given any explicit role in government financing. However, two tasks—providing credit for the public and stability in the monetary system—were fundamental to the bank’s creation and almost every discussion of its operations for the next quarter of a century. Moreover, when chartering Norges Bank in 1816, the Storting resolved that the Norwegian monetary unit—the speciedaler—should be convertible into silver at an exchange rate that was well above the note’s purchasing power and market value at the time. Indeed, one fundamental premise in all of the proposals that proliferated in 1816, influenced by the monetary chaos during the Napoleonic Wars, was that the value of the nation’s new paper money must be backed by silver.

scholarly journals Factors Influencing Savings Rate in Malaysia

2017 ◽  
Vol 9 (6) ◽  
pp. 52 ◽  
Author(s):  
Dasmin Bin Hashim ◽  
Fauzi Bin Pin ◽  
Mohd Yaziz Bin Mohd Isa
Keyword(s):  
Low Income ◽  
Household Debt ◽  
Unexpected Events ◽  
Economic Variables ◽  
Income Levels ◽  
Factors Influencing ◽  
Current Consumption ◽  
Savings Rate ◽  
The Future ◽  
Financial Burdens

Savings is the balance out of income but is not spent on current consumption. Because we cannot anticipate what would take place in the future, we should set aside some money for unexpected events or emergencies. Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure. Due to limited savings and with such low income levels, we are mostly depending on debts to finance our consumption. Currently, Malaysia household debt is amongst the highest in Asia, at 86% of GDP. There are many factors influencing savings rate in Malaysia. The paper aims to measure the economic variables that may significantly influence toward savings rate in the country.

The Future of the International Monetary System.

1971 ◽  
Vol 81 (322) ◽  
pp. 409
Author(s):  
A. B. Cramp ◽  
H. W. J. Bosman ◽  
F. A. M. Alting von Geusau
Keyword(s):  
International Monetary System ◽  
Monetary System ◽  
The Future

The Problem of Creating an Independent Supranational Currency and Its Solution

2016 ◽  
Vol 4 (1) ◽  
pp. 8-17
Author(s):  
Свирчевский ◽  
Vadim Svirchevskiy ◽  
Юсим ◽  
Vyacheslav Yusim ◽  
Тархова ◽  
...  
Keyword(s):  
National Level ◽  
Purchasing Power ◽  
International Level ◽  
Monetary System ◽  
Development Level ◽  
Political Alliances ◽  
New Type ◽  
Technological Civilization ◽  
Joint Classification

The article considers the drawbacks of modern monetary-currency systems and their nonconformity to the requirements of current and future technological possibilities of the most world’s countries is concluded. It is substantiated that the principle of benchmarking of currency purchasing power unit in modern monetary-currency systems causes such nonconformity. The evolution character of changing one another benchmarking methods of purchasing power is discussed. The classification of money types and monetary system classes according to a joint classification attribute: benchmarking method of purchasing power, is offered. The hypothesis of the existence of the law describing the correlation between the benchmarking method of currency purchasing power and the economic-technological civilization development level is grounded. The conclusion is drawn that a new type of virtual money with a constant purchasing power has to emerge as the result of this law effect at the national level. At the international level, in future the same demand for correspondence will firstly bring about the making up of supranational units of account of regional and political alliances of countries and then the emergence of supranational world’s currency with a constant purchasing power.

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