There is a widespread need in many developing Asian countries for a surge in investment in some of the countries’ most basic infrastructure. CNN recently reported that developing Asian nations are in need of about $26 trillion in infrastructure investment through 2030 to rebuild power grids, transportation and sewage. The concern for the U.S. government is that other states are stepping up to the plate to invest in these countries. China is currently the most prominent force in helping other Asian countries with their infrastructure needs. This could be a bit unsettling for the world economy because China could significantly increase its influence over these countries and their exports.
The U.S. is in a tough spot when considering whether to increase aid to these countries because it could be viewed as an aggressive stance by China. This is especially true if the U.S. decides to team up with other countries, such as Japan, to ease the financial burden. President Trump is also in a challenging position because he campaigned on the promise of “America First” in terms of any spending initiatives. It is difficult to explain to the average voter how supporting a sewage line in India will help U.S. interests abroad when there are public schools that lack basic air conditioning in the U.S. One option is to promote U.S. investment in foreign infrastructure as a way to create a larger market for the export of U.S. goods. This could also boost jobs for U.S. manufacturing in the future.
Graham Edwards is the current CEO of Telereal Trillium, one of the largest property firms in the United Kingdom. He has held the position as CEO since 2001. Edwards is a graduate of Cambridge University where he studied Economics. Graham Edwards is also member of several organizations including the UK Society of Investment Professionals and the Institute of Chartered Accountants in both England and Wales.
As the CEO of Telereal Trillium, Edwards was instrumental in the development of the company which was initially named Telereal. Telereal was created in 2001 and Edwards has been a part of the company since this time. A defining moment in Edwards’ leadership came when Telereal came into a property partnership with British Telecom. During this time in the company’s history, Telereal was a part of a joint venture with Land Securities Trillium and Pears. Under Edwards’ leadership Telereal acquired Trillium in 2009.
Great Leadership of Graham Edwards
Telereal Trillium has thrived under Edwards’ leadership. One of the most important characteristics of his leadership has been the development of enduring business principles. One of these principles is to simplify the sometimes complex process involved in real estate acquisitions. Another hallmark of the company under Edwards is the recruitment and retaining of staff that is dedicated to the mission of the company.
Graham Edwards has a proven record of success with the company and one of his most important accomplishments has been the prestigious clientele that Telereal Trillium serves. Additionally, the company has one several awards including the Investors in People award (2006) and the Corporate Supporter of the Year (2016). The company continues to grow each year and its success is unmistakable.
Graham Edwards has proven to be a distinguished leader with a track-record of integrity and business know-how. Edwards has seamlessly managed the company and overseen its grow and development for more than a decade. Telereal Trillium is currently one of the 100 largest privately owned firms in the United Kingdom. Telereal Trillium is a well respected company in the United Kingdom and the company is uniquely positioned to be a successful real estate firm well into the future.
The World Economic Forum has taken up the issue of the impact of artificial intelligence and robotics on what is being called the Fourth Industrial Revolution. The focus is on AI and robotics potentially putting millions of people out of work during this period that is being called the Fourth Industrial Revolution.
Human Ingenuity and New Types of Employment
As part of the discussion of AI and the Fourth Industrial Revolution, analysts are considering whether human ingenuity will be able to come up with new types of employment to offset job losses associated anticipated to be associated with the expanded use of AI and robotics. Historically, when people lost jobs during the three waves of prior industrialization, different types of jobs opened up. Over time, displaced workers, and others, were able to glean employment in other sectors. This particularly included types of jobs that were developed anew during the period of time when displacement occurred because of industrial revolutions.
Training and Education
A key element of this period of transition, when it comes to world economics, will be the need for retraining and education for individuals who may be replaced when it comes to the broader utilization of AI an robotics. This training and education needs to go hand-in-hand with the manifestation of new types of jobs for people who are displaced during the course of the Fourth Industrial Revolution. International economics analysts maintain that this will need to be a concerted, planned effort to ensure that training and education is developed to meet the needs of displaced workers.
A recent BBC article explores life in West Africa after the recent Ebola virus epidemic. The devastating disease created widespread fear. Yet it also exerted an economic impact over the region.
The BBC news article described daily life in three struggling nations: Liberia, Sierra Leone, and Guinea. The report concentrated on residents of the slum district of West Point in Monrovia. In the wake of the epidemic, some survivors have thrown themselves into work as they seek to recover from painful personal losses.
Several people who lost loved ones during the Ebola quarantine now manage small enterprises. Rita Carol invested in a refrigerator, which she uses to sell ice to neighbors. Eva Nah used compensation she received following the death of her grandson during a quarantine protest for tuition for four other young relatives. Slum dweller J. Roberts, a widower after the epidemic, began a business selling heated water. He also rents washing booths so neighbors can bathe. He hopes his small business will support a better life for his four children.
Better Health Care
One byproduct of the tragedy involves improved disease monitoring. This effort in Monrovia now obtains greater funding. A medical facility established to care for Ebola patients still employs a nursing staff. It treats other widespread conditions, such as scabies and malaria. Founded by Reginald Kahweh (who lost both his parents to Ebola), the Kahweh Clinic improves the daily quality of life for many Liberians.
There are always so-called experts who publish articles and long promotional content on websites claiming that they can offer the key to wealth in an easy solution, but usually it’s nothing more than a long promotion followed by a book that doesn’t help people the way it claims to. Nick Vertucci on the other hand has really actually made life-changing career choices by becoming a real estate buyer and developer, and he actually tells people step-by-step how to do what he did at his seminar, the NV Real Estate Academy. Every part of the process from financing property purchases to hiring contractors is discussed in the program.
How did Nick Vertucci get there? He did not come from the rank and file of the political elite like Warren Buffet but instead had to overcome poverty as a young man and build his own business twice. His first business began in his early 20s when he started a computer parts sales company that allowed him to make a decent living and provide for his family. But he lost this business in 2000 when the tech industry crashed and the recession hit. Nick Vertucci was very high in debt and doing all he could to keep from losing his home when he had an idea that changed his thinking. A free course in real estate was being held in town one weekend and he decided to attend it just out of curiosity, but he found out that the field was actually one he could get into himself even without any previous background.
With very little starting resources, Nick Vertucci soon figured out how to start buying properties one by one and resell them for good deals. It began by buying a few older homes and renting them out to vacationers, and he later bought several apartment units and condos and had them returning high on investment. In 14 years Vertucci had turned this newfound gig into a full-time career and eliminated all his debts. He decided to found the NV Real Estate Academy in 2014 and soon had people coming from all over the nation to learn how they could turn properties into fortunes. Vertucci’s academy helps people learn the tricks of the trade in just a matter of days and stays in close contact as a source of support for alumni.
The year 2017 final financial figures are in and officials say the GDP of the UK economy grew by a paltry 0.4% in the last three months of the fourth quarter. Previously, the Office for National Statistics (ONS) had stated that they believed the economy would have grown at a rate of 0.5% The revised decreased rate of growth was largely attributed to a lower gain in the production industries. Overall the national economy grew at a rate of 1.7% for the year. This figure is the lowest since 2012.
Experts attribute the shutdown of the Forties pipeline system for most of December 2017 as a major contributor to the revised decrease in economic prosperity. Other factors include a stifled business investment scene, a perceived construction recession, stagnate wage growth, and concerns over rising inflation. A slowdown in household spending, as well as higher prices on consumer goods, was attributed to the inflation worries. The 1.4% year-on-year rate of growth in the last quarter of the year lands the UK as the slowest growing economy among the world’s wealthiest countries, behind both Italy and Japan.
The Bank of England is encouraged by future growth forecasts and has raised their prediction of economic output to increase to 1.8% overall for the upcoming year. Assuming this growth comes to fruition, the Bank has indicated that interest rate hikes could accelerate given this economic trajectory.
Tech companies from around the world are swarming Africa.
For many years, Africa had been ignored by western and eastern tech companies. But now, Africa’s population is the youngest in the world, and big businesses see a potential new market for their services.
Facebook and Google have already created initiatives to open up the African market. Facebook’s Internet.org offers limited Internet service through its Free Basics app. Internet.org has come under some criticism, as many see its limited service as a violation of net neutrality. Furthermore, Africa’s nascent tech infrastructure and small middle class have led some to question the feasibility of Facebook’s initiative.
Google is trying to fix the infrastructure problem. Google launched a $100 million initiative called CSquared, which already provides wider internet access in Ghana and Uganda. Africa is receiving money from other sources as well. In 2017, African tech-startups accrued $560 million in venture capital funding.
But western companies aren’t the only ones investing in Africa. Chinese companies are active in the continent, too. Huawei Technologies has been active in Africa for nearly twenty years. Huawei provides services and holds investments across dozens of African nations.
Tech companies need patience, for their African investments may take a while to payoff. Africa’s market is an amalgamation of disparate economies, all at varying stages of development. But, with nearly 1.3 billion potential customers, it would be foolish for tech giants not to invest in the expanding African economy.
Trade tension between China and the United States is growing. Trump administration officials are increasingly expressing their criticism of China’s trade policies. China is sending Liu He, the country’s top economic policymaker, to Washington this week to smooth tensions between the two countries. Liu is making this trip before China’s congress conducts its annual meeting. Liu is expected to be named the next vice premier for financial and industrial policy for China at this meeting.
The Trump Administration and the Commerce Department both view steel and aluminum imports from countries like China as a national security threat. This is because China and a few other countries implement higher tariffs on their imports of American products than the U.S. imposes tariffs on the imports of products from these countries. President Trump and the Commerce Department are looking at ways to restrict these and other imports through higher tariffs. The Chinese government would prefer the status quo, but they are also ready for a trade confrontation.
In early February, the Chinese government sent its top diplomat Yang Jiechi to Washington to maintain the status quo and soothe the concerns in Washington. Nothing significant was accomplished with this visit. The Trump administration was already too focused on China’s military buildup and China’s growing trade surplus with the U.S. The large delegation Liu is expected to lead is an indication of Liu’s growing influence within the Chinese government. Experts believe Liu will eventually be the head of China’s central bank after the current central bank leader retires later this year.
In 2017, the British economy grew at a snail pace of 1.7 percent, The Guardian reports. Meanwhile, the 4th quarter growth has been revised down to 0.4 percent. That’s well below the growth in many developed economies.
Business investment in the UK was stagnant last year as companies are waiting to see what happens during Brexit negotiations. Business uncertainty has spiked after the Brexit vote in 2016. Meanwhile, household spending grew only 0.3 percent last quarter, bringing the annual growth rate to a meager 1.8 percent.
On top of that, the trade deficit has widened during the last quarter of 2017 to over £12 billion from less than £10 billion a year before. This data is worse than expected. According to Danske Bank analysts, the traditional growth engines in the UK are lagging.
The latest performance of the United Kingdom’s economy is behind other G7 nations. The growth rates in Germany, the United States, and the Eurozone stood at 2.5 percent or higher. Even France, Italy, and Japan, countries known for slow economic growth, outperformed Britain.
If Brexit negotiations aren’t favorable to the British, this is likely to get worse. The Brits dream of making another Singapore or Australia out of their country, yet the miss a major point: the UK is near Europe. It is not in the fast growing Asia-Pacific region. Geography makes a difference.
In 2016 alone, the Chinese have imported $14 billion worth of soybeans from the United States, reports CNN Money in a recent article. Soybeans are just one example of the need for agricultural products in the Middle Kingdom. The large Chinese population of about 1.4 billion needs immense quantities of food.
Yet agricultural trade could be affected in negative ways. Last month, the Trump administration put tariffs on imported Chinese solar panels. Now, the White House is considering tariffs on imports of Chinese aluminum and steel. In response, the Chinese Commerce Ministry indicated that if this “affects China’s interests, we will take necessary measures to defend our rights.”
China is already investigating whether the Unites States is dumping sorghum, an agricultural product. When it comes to cultivation of sorghum, the American farmers are world leaders with 2016 production of 480 bushels.
Would the Chinese authorities give up on imports of American agricultural products when it comes to feeding the world’s largest population? This isn’t that likely. Still, it worries farmers, many of whom voted for Donald Trump.
China could retaliate in different ways. One of them would be to stop providing credit to the United States via purchases of Treasuries. Despite tough rhetoric, “nobody wants a trade war,” as William Zarit, chairman of the Chinese branch of the American Chamber of Commerce, has said.
What is likely is that the world’s two economies will both cooperate and trade with each other in the foreseeable future.