Will Chinese Economy Surpasses USA?

India, China, and Global Economy

First Published: ADawnJournal.com February 3, 2010
 

While the global recession has just come to an end, and some nations are starting to dig their way out of financial distress, the economies of India and China continued to grow while most others were bogged down.

Some economists even point out that India and China are leading the way and doing more than their share when it comes to boosting the global recovery. Many of them also predict that China will eventually take over from the United States as the world’s economic superpower sometime during the next 10 years.

That doesn’t really come as much of a surprise to the man on the street though, but what may be a shocker is that India may also soon overtake the mighty U.S.  However, while the two up and comers are become big players in the global economic game, they are achieving it in with a different set of skills and under dissimilar governments.

At present, most economists will agree that when it comes to the top tier of global economic standing, the U.S. leads Japan and China. According to the CIA World Fact book, the GDP (gross domestic product) in 2008 showed the U.S. at US $14 trillion, Japan at $5 trillion and  China $4.4 at trillion. However, India has cracked the top 2$1.20 and sat at number 12 on the 2008 list at trillion.

While China may be growing pretty rapidly, it’s still got a long journey ahead before it catches up to America. And from these figures, that would appear it might take decades. However, the key point to remember is that while the economies of China and India are still growing, the rest of the nations’ GDP around the world has certainly stalled or at least slowed down for the time being due to the recession.

When a country’s economy is considered to be strong, its citizens often spend their money on big-ticket items such as homes and automobiles. However, when a recession hits and the economy is weakened, people hang on to their money and these types of purchases are postponed, especially when jobs are being lost. This can clearly be seen over the past couple of years in the U.S.

But the citizens of China are spending their hard-earned money at a high rate and it’s predicted that by next year China will surpass America when it comes to car sales. The recent recall of millions of Toyota automobiles and the temporary halt of production in North America will also hurt American sales.

It is estimated that China’s growth rate averages between seven and eight per cent, while the U.S. predicted growth is just over one percent. If these numbers are accurate, sooner or later China will pass the leader in our lifetime.

It also looks like India will soon become a major player as its growth rate looks pretty high for the next few years. While the nations’ GDP is well below the U.S. and China at the moment, it has one of the largest populations in the world.  And considering the comparatively low wages and areas of poverty, India’s GDP is quite impressive.

However, India’s economy is mainly based on services instead of goods and its economy has the potential for great growth because of its population and excellent knowledge base.  In fact, many economists predict that India will be among the top economies of the world by the year 2020.

What Motivates Entrepreneurs?

3 Things That Motivate Entrepreneurs

First Published: EntrepreneurJourney.com Mar 9, 2013

Motivation is what makes entrepreneurs think outside the box and come up with bright ideas to change lives. But is there any common denominator that motivates entrepreneurs? There are too many, actually. I will discuss three common motivators that make entrepreneurs break boundaries to make the impossible possible. 

Freedom - As simple as it sounds, entrepreneurs value their independence more than anything else. To come up with new ideas and products, entrepreneurs need to break the rules, and breaking the rules is not possible when you are under someone else’s authority. Behavioral science research and consulting firm Humantelligence research shows that 60 percent of entrepreneurs valued their independence more than anything else. 

Passion - Passion or obsession is one of the most important denominators that make entrepreneurs engaging and keep motivated at a project even if there is no quick solution in sight. You can not be persistent at something if it’s not interesting, challenging, satisfying, and stimulating. And that is only possible when are passionate about what you are doing and you love and enjoy doing it. 

Money - If you look at Forbes The World’s Billionaires list, a high percentage of super-rich persons are entrepreneurs. Some entrepreneurs are motivated by wealth to become financially independent and some entrepreneurs are motivated by wealth to reach the ultra-rich class. So money is another major factor that motivates entrepreneurs. 

A point worth mentioning is that there are many other motivators and they do not equally motivate each entrepreneur, as everyone is different. However, there is one thing that applies equally to all entrepreneurs and that is all entrepreneurs are working hard across the globe to enrich the lives of all of us.

Will IMF Be The World’s Central Bank?

IMF & Global Economy

First Published Published Date : October 7, 2010 ADawnJournal.com

Slow Global Economic Recovery – The International Monetary Fund (IMF) says that the world’s economic recovery is underway but seems to be unbalanced and sluggish. Emerging and developing countries are recovering stronger and faster than developed countries.

Global Financial safety Net – To manage future financial crisis better, IMF plans to create a framework of global financial safety nets. The safety net would be a pool of money to provide some sort of credit line to those countries in need to cope with financial volatility and crisis. This is like – IMF will be working as a global central bank. However, Germany opposes IMF’s role as a global central bank. A Deutsche Bundesbank official said that it would create moral hazard for those who agree to provide unlimited, unconditional liquidity in financial crisis. During the Asian financial crisis, IMF did not approve an idea of creating an Asian Monetary Fund by Asian countries.

Canadian Building Permits Drop – Stats Canada reports that building permits in August dropped 9.2 per cent from July. The big chunk of drop came from non-residential sector. However, the residential sector increased by 2 per cent after declining for 4 months.

What’s Happening – A Test Project

Whenever I come across interesting news, events, stories, etc., I will be sharing them with my readers in mini blog posts.  This is a test project. Based on readers’ responses, I will decide to continue or discontinue later on. No links will be provided; if you would like to find out more on these events, please search on Google

5 Simple Tips To Motivate Employees

Tips To Motivate Employees

First Published: Dec 1, 2012 EntrepreneurJourney.com

We may think money is the number one medium to fire up employees’ motivation; however, the reality may be totally different. Today, I will discuss five simple steps that can make employees motivated and ready to embrace more challenge. 

Personality Matters - If you can bring out happiness, you got motivation automatically. Find out what your employees are passionate about and what they don't like to do. Try to accommodate individuals according their interest and the rest will follow.    

Start A Personal Development Plan - Sit down with your employees and create a personal development plan based on their individuality. As time goes along, monitor how they are performing. Encourage accomplishments - and for those who are not doing well, provide coaching and make necessary adjustments to reach realistic objectives. 

Encourage Growth Opportunities - This isn’t about giving a raise or promotion. Based on your employees’ personality and interest, lead them to a career path they would like better and find more challenging than where they currently are. For example, a different position within the same department or even another position within the same company with a different department. 

Make Employees A Part Of The Company - Profit sharing or bonuses based on the company’s overall annual performance - these or any such tools make employees feel like they are working for their own company and everyone will focus on the company’s profit. 

Don’t Forget Age - Based on age and lifestage, employees will act differently. Young workers tend to change jobs frequently - older workers like to stick to the same company … keeping in mind things like these and assigning projects knowing how age can play a role will motivate the right employees and will make your life a lot easier.

Is There a Chromebook Expiration Date?

Where Do I Find It When My Chromebook Expires?

Whether you call it an Expiration Date, End of Life Policy, or Auto Update Policy, Chromebooks do have a date beyond which Google does not guarantee updates.

In the past, it used to be called End of Life Policy, but then Google changed the term to Auto Update Policy. Also, Google has changed the timeframe to Auto Update Expiration several times. For example, before it was 4 years, then 5 years, and now 6 and a half years.

The Auto Update Expiration countdown starts from the date of the release, not from the date when you bought it. However, although Google’s Auto Update Policy does not guarantee to provide updates beyond expiration (6 and a half years, currently), it does not necessarily mean you will not receive updates.

There is no firm policy on this or nothing written in stone. You might keep getting updates even once your Chromebook expires. Some of the very old Chromebooks, Google’s CR-48 and Samsung’s Series 5, for example, (and many others) received updates beyond their expiration dates.

You can find your device’s Auto Update Expiration Date following the link provided. Should you continue using your Chromebook beyond its expiration date if no updates are provided? It depends on how comfortable you are in terms of your Chromebook’s security vulnerability.

Google recommends getting a new Chromebook after expiration because it will be vulnerable to unpatched exploits.

My Asus Chromebook Flip C302 will expire in November of 2022. So I still have about 5 years to go and that’s a very good life in my opinion. I will be happy to upgrade to a new one because there will be more new features and enhancements at that time. Besides, unlike Windows laptops, Chromebooks won’t break your wallet.

Chromebook Expiration Policy