MU study provides evidence suggesting that countries using similar economic policies during an economic crisis is best for the global economy.
A new University of Missouri Trulaske College of Business study suggests that when different countries make similar economic decisions during financial crises, the global economy improves much more quickly than if they act in their own self-interest. (more…)
From today, October 1, 2016, Chinese Renminbi, the official currency of China, joins the SDR Basket of the International Monetary Fund (IMF). (more…)
Research indicates Microsoft Office applications rank 3 of 20 top in demand skills for high-growth, high-pay careers.
REDMOND, Wash. — Top candidates for current and future jobs will be measured by capabilities and competencies, with 20 distinct skills bubbling up to the top in millions of high-growth, high-paying job postings, according to a white paper commissioned by Microsoft Corp. and released by IDC. The study provides insight into the skills students need for the top 60 high-growth, high-wage occupations that will account for 11.5 million new hires and 28 percent of job growth by 2020. Out of those skills, oral and written communication, detail orientation, and Microsoft Office proficiency top the list. (more…)
Stephen Roach is a respected authority on Asia — China in particular — and an often-cited and widely recognized prophet on the global economy.
Until recently chair of Morgan Stanley Asia and long the firm’s chief economist, Roach came to Yale in 2010 as a senior fellow in the newly inaugurated Jackson Institute for Global Affairs, with a joint appointment at the School of Management (SOM). This spring Roach announced he would be retiring from Morgan Stanley after 30 years with the firm to teach full time at Yale.
YaleNews recently met with the economist in his office to discuss his new career as a teacher and to get his prognosis on the future of the world economy. (more…)
In a study with implications for businesspeople in a global economy, researchers at the University of Chicago have found that people make more rational decisions when they think through a problem in a non-native tongue.
People are more likely to take favorable risks if they think in a foreign language, the new study showed. “We know from previous research that because people are naturally loss-averse, they often forgo attractive opportunities,” said UChicago psychologist Boaz Keysar, a leading expert on communication. “Our new findings demonstrate that such aversion to losses is much reduced when people make decisions in their non-native language.” (more…)
Stop wrangling over global warming and instead reduce fossil-fuel use for the sake of the global economy.
That’s the message from two scientists, one from the University of Washington and one from the University of Oxford in the United Kingdom, who say in the current issue of the journal Nature (Jan. 26) that the economic pain of a flattening oil supply will trump the environment as a reason to curb the use of fossil fuels.
“Given our fossil-fuel dependent economies, this is more urgent and has a shorter time frame than global climate change,” says James W. Murray, UW professor of oceanography, who wrote the Nature commentary with David King, director of Oxford’s Smith School of Enterprise and the Environment. (more…)
*Saving motives a major factor in increased household savings*
COLUMBIA, Mo. – With the global economy in a state of unrest, saving money seems to be an obvious strategy for households to protect themselves. But are global households saving enough? Researchers at the University of Missouri have compared savings habits of households from two of the world’s most powerful economies: China and the United States. Rui Yao, an assistant professor in the personal financial planning department in the College of Human Environmental Sciences at the University of Missouri, found that urban Chinese households, on average, save much more than American households. She says the difference stems from saving motives.
“Saving is one of the critical tools that households utilize to achieve financial goals and to improve financial well-being,” Yao said. “By looking at saving motives for households in each country, we hope to explain the difference in saving rates across these two countries.” (more…)
Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don’t really seem to understand them. But you don’t have to get into all the technicalities to understand the bigger picture.
