Discover and read the best of Twitter Threads about #IGWT21
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Demographic trends will have a profound effect on the global economy in the decade ahead.
We expect ageing of the world's population to put upward pressure on inflation.
Our new #IGWT21 report dedicates a chapter to this topic: bit.ly/3fpQEeT
Here's a brief summary👇
We expect ageing of the world's population to put upward pressure on inflation.
Our new #IGWT21 report dedicates a chapter to this topic: bit.ly/3fpQEeT
Here's a brief summary👇
1/ Since in the 1980s the world has experienced a “demographic dividend”.
A young population and growing workforce boosted growth and helped to keep inflation low.
But that dividend is now turning into a deficit as the global dependency ratio begins to rise again.
A young population and growing workforce boosted growth and helped to keep inflation low.
But that dividend is now turning into a deficit as the global dependency ratio begins to rise again.
2/ From 1991>2018, the opening-up of China and Eastern Europe effectively doubled the labor supply available to advanced economies.
The value of exported goods as a share of global GDP jumped by 70%.
The efficiencies brought about by intl trade helped to keep inflation low.
The value of exported goods as a share of global GDP jumped by 70%.
The efficiencies brought about by intl trade helped to keep inflation low.
What is Money?
A chapter of our 2021 #IGWT report – by guest author @Breedlove22 – explores this question.
This thread gives you a flavor of what to expect from Robert's masterfully written chapter, which you can read in full here: bit.ly/3fpQEeT
#IGWT21
A chapter of our 2021 #IGWT report – by guest author @Breedlove22 – explores this question.
This thread gives you a flavor of what to expect from Robert's masterfully written chapter, which you can read in full here: bit.ly/3fpQEeT
#IGWT21
1/ Money is first and foremost a medium of exchange.
Humans can produce more through cooperation than in isolation, and money serves as humanity’s connective tissue, facilitating universal exchange.
The functionality of free markets is only possible with money.
Humans can produce more through cooperation than in isolation, and money serves as humanity’s connective tissue, facilitating universal exchange.
The functionality of free markets is only possible with money.
2/ Money is also the most marketable good.
The demand for every economic good is split between utility and marketability.
The greater the marketability of a good, the more “moneyness” it exhibits by being more exchangeable or liquid in the marketplace.
The demand for every economic good is split between utility and marketability.
The greater the marketability of a good, the more “moneyness” it exhibits by being more exchangeable or liquid in the marketplace.
