THE ECONOMY THAT MOVES THE WORLD THIS CHANGING THE WORLD ALSO CHANGED

 

Recently he wrote that the structures of the world economic flows by reason of the globalization were giving an overturn of 180 grades with that that the occident influence in these aspects so much economic as social they were stopping to be the motor of the world we say civilized this fact is important to begin to keep it in mind because it is very possible that in about ten years occident passes to not depend on east in an absolute way but if enough like to pass of being instigator to be follower of the new social economy and capitalist of the world.    

There are very clear signs that the things have given an incredible overturn when we could imagine that pays to lose money, this is already happening and this happens because the money that is the motor of everything is waiting that it happens the overturn officially from the world economy of occident to east to know how it will owe restructurers. And I eat he doesn't have clear when it will happen he prefers to stay still but the surest thing possible and this incredibly finds difficult him little money but he pays for it.    

The Bank of International Payments (BIS) he has underlined the unpublished conditions generated in the markets of sovereign debt by the monetary politics of the central banks, since some funds quote with negative yields, and it has alerted that this situation "without precedents" can have “significant repercussions” in the financial system. The BIS underlines that at the end of February about 2,4 trillion dollars (2,27 trillion Eurus) in long term sovereign debt in the entire world quoted with negative yields, of those that more than 1,9 trillion dollars (1,79 million Eurus) they had been emitted by sovereign countries of the area of the euro.    

The institution adds that from then on the tendency to the drop has persisted and the last figures indicate that the sovereign yields of the German, French debt and Swiss were negative until four, six and ten years, respectively. In relation to this phenomenon reference is made to a passage of 'Tom's Sawyer adventures' in that Mark Twain teaches us that the key of a good administration is that the friends paint the barrier and pay for the privilege of making it.    

In the current context, some sovereign funds have overcome this scale, this situation "without precedents" is consequence of the "aggressive" relaxation of the monetary politics of the central banks in their efforts to complete the objectives of its command, mainly as regards inflation. In a context of collapse of the prices of the petroleum and growing tensions exchange, numerous central banks of advanced and emergent economies introduced new stimuli. The BCE announced an enlarged program of purchases of active, more considerable and more durable of that foreseen initially by the markets. If this concept without precedents continues, they could be putting on approval the technical, economic, juridical limits and even effective classic politicians up to now. 

On the other hand, the report of the BIS points that the historically low interest rates and the reduced cousins of risk took to the investors once again to look for profitability in active of more risk, "shooting the prices of the actions toward new record". Also, it stands out that the volatility in most of the classes of assets returned to their historical averages, putting an end exceptionally to a period of volatility reduced in the markets. In short, it impacts in that was shot in January in the markets of first matters, marking the end of the fall of the prices of the raw one. 

All east, today called imbalance, this they don't doubt it taken place by the one foreseen but at the same time in concrete turn of the dominant economies those that little by little but without pause passed to modify the address of the economic flows that like he said they passed from occident to east. Lee Jong-Wha, professor of Economy and director of the Institute of Asian Investigation in South Korea, believe that the quick growth of the social middle class in Asia won't only change the economy of that continent, but rather this phenomenon will have repercussions at world level, the academic explains. 

Lee Jong-Wha points out in Project Syndicate that in spite of the recent uncertainties about the economy in the world and especially in China, the middle class that the element that made that occident passed of being a concentrated economy to a widespread one was is growing in Asia with a lot of force. In next decades, the bloom of this demographic segment will be a key factor in the economic and political development of the region and of the world.  

And it is that the OECD estimates that the middle class (defined as the homes that spend between 10 and 100 dollars for person a day) it will grow until the 4.900 million people in 2030 from the 1.800 million that reached in 2009. Of those almost 5.000 million people, two thirds will reside in Asia, being China the country where a great part resides. For that reason, the structural reformations and the technological upgrade of the country charge great importance in this country. 

The peak of the middle class in Asia bears to the force a change, the creation of a new market of opportunities for the domestic and international companies. The consumption of durable goods has been increased with force in the region, China has become the biggest market of cars and wireless telephones. Also, little by little it will follow growth the market of deluxe goods and technological products as the middle class advances. 

The development of the economy and the increase of their population's available rent will contribute from a definitive way to the sustainable growth of Asia. The internal consumption will become a component of the most important GDP and that he will make more stable the economic development of the region. In the same way, this growth of the internal demand will reduce the commercial imbalances that the rest of the world presents with Asia, also improving the maintenance from the growth to world level. It seized the rest of the world it will get a bigger balance in their economies.  

The capitalism and the democracy progress in a combined way in most of Asia, mainly in the most western area that was where he was very primary expansion levels. The development of the markets is reducing the power of the big proprietors of lands and increasing the rent of the workers and it arises unstoppable the middle class that so well known in occident. These workers are beginning to participate actively in politics and they are contributing to the democratic development. Also, the growth of the private organizations is reducing the monopolist power of the public and political institutions, the professor of Economy points out.  

It seems that the history that South Korea lived starting from final of 1980 begins to reproduce in other areas of Asia. This history could also reproduce in China, although it is still a lot of road to walk in the Asian giant.  All these changes led by the Asian continent could contribute to a more stable and more symmetrical growth in the world. The reduction of the poverty goes directly bound to the peak of the middle class in this continent. Could a new era of stable and sustainable growth be in progress but did they mark it from east I don't eat up to now from occident the question it is we will know how to adapt?