The major economic players (by their market size, global trade, and their market potential for growth), in order of their current potential, are China, India, South America, North America, South East Asia, Western Europe, Eastern Europe, Middle East, and Africa (World Map).
In terms of market expansion and growth, China, India, South East Asia, and South America are exploiting and completing for natural resources and technology wherever possible (IMF & The World Bank). This intense competition for resources has led to rise in the price of commodities and over valuation of companies who are directly engaged in mining, logistics, exploration, and extraction of the resources needed to fuel the economic engines (Chicago Mercantile Exchange, London Commodity Exchange, New York Stock Exchange, London Stock Exchange). For example, gold with many industrial uses and a hedging mechanism against currencies purchasing power, economic policy uncertainties, and lack of action by many central banks to respond to real inflation, have risen from approximately $32 per ounce in 1972 to over $1460 in the first quarter of 2011. Also, the stock valuation of companies such as Caterpillar that is engaged in exploration, logistics, and extraction of minerals, building mining infra structure, and building roads, has risen from approximately $8 per share in April of 1990 to almost $110 in April of 2011.
As a globalist, we must question the never ending vicious cycle of rising commodity prices in response to uncontrollable consumption, seeking alternatives in feeding new emerging economies, and sustaining our natural resources as global citizens. Furthermore, as globalists, we should also week ways to address how nations can work together to address the issue without using wars or political intimidation.
In terms of market expansion and growth, China, India, South East Asia, and South America are exploiting and completing for natural resources and technology wherever possible (IMF & The World Bank). This intense competition for resources has led to rise in the price of commodities and over valuation of companies who are directly engaged in mining, logistics, exploration, and extraction of the resources needed to fuel the economic engines (Chicago Mercantile Exchange, London Commodity Exchange, New York Stock Exchange, London Stock Exchange). For example, gold with many industrial uses and a hedging mechanism against currencies purchasing power, economic policy uncertainties, and lack of action by many central banks to respond to real inflation, have risen from approximately $32 per ounce in 1972 to over $1460 in the first quarter of 2011. Also, the stock valuation of companies such as Caterpillar that is engaged in exploration, logistics, and extraction of minerals, building mining infra structure, and building roads, has risen from approximately $8 per share in April of 1990 to almost $110 in April of 2011.
As a globalist, we must question the never ending vicious cycle of rising commodity prices in response to uncontrollable consumption, seeking alternatives in feeding new emerging economies, and sustaining our natural resources as global citizens. Furthermore, as globalists, we should also week ways to address how nations can work together to address the issue without using wars or political intimidation.
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