Tidbits | wealthymatters

The New Normal For Emerging Economies

June 25, 2013 2 Comments

Wealthymatters

The Princeton economist Dani Rodrik believes that sustained, meteoric growth in emerging economies may no longer be possible. The great “age of industrialisation” may be behind us.And evidence for this view is coming from at least four directions:
THE RISE OF AUTOMATION
First, machines can perform more and more functions in manufacturing and sometimes even in services. That makes it harder to compete via low wages. Say you run a company in a developed nation and have been automating many of its processes. Because your total bill for employee wages would be low, why not choose the proximity and familiarity of investing in labour in or near your home country? This change would help the jobs picture in the United States and probably countries like Mexico, but it could hurt many other lower-wage nations. Read more of this post

Filed under Tidbits Tagged with ageing population, Dani Rodrik, economic gaps, emerging economies, global supply chain, New Normal, postaday, Richard Baldwin, wage arbitrage

Readers Please Be Aware

June 12, 2013 7 Comments

wealthymatters This is a post I feel compelled to do after an unfortunate incident yesterday night.I thought I’d sing like the blackbird and make my boundaries clear.Link

First off,wealth building is a primary motive for me.Link

Secondly I believe that want and poverty, like suffering are optional and totally unnecessary.I think Dhirubhai had it right when he said:“If you’re born poor its not your fault but if you die poor its your fault”.Think!our mental abilities ,which we are born with, are not as far apart as our wealth positions.Also some of the world’s wealthiest people are self made.

Thirdly I believe that people can learn to be wealthy.Link

I blog to maintain a personal record of stuff I find useful in wealth building.Its also my attempt to leave a record for my family,long after I am gone in much the same way as I find the old business papers of my ancestors illuminating.I choose to make the blog public as I’d love for others to benefit from my efforts in any way possible.I believe that wealth is not a zero-sum game.Wealthy people,simply by being,help increase the wealth of people round them. Read more of this post

Filed under Tidbits Tagged with financial advice, financial advisory, hire me, postaday, wealth advice, wealth advisory

Thank You Summer

June 12, 2013 2 Comments

Wealthymatters Summer, thank you for the Inner Peace Award.It felt nice to read your words below:

I do believe that you have Inner Peace inside your soul, that you treat other people right and with respect.Thank you, for being the person who you are.. Be Inner Peace and share it on your own special way..

In my turn I believe it is Alex of The Liberated Way , who deserves this award the most.To read his blog is to learn how to make peace with the universe, not just humans or animals even.