Economics is not a body of laws, but it is rather a way of thinking.
Last time on the “Beacon Of Light” Prt3 we discussed briefly about business and government and we mention that they are fluid like, they have a flow in their nature and thus they fall under the law of MER (water or maritime law). It is also true that people have a flow in nature like trade, that is why you often hear the term the flow of the queue or the flow of masses. Hence the term “fishers of men”. Now today we see how that directly affect us or what it means to us and how to use this knowledge to benefit us individually, or on a national scale as well as regionally (African Union).
Economy is the state of a country or region in terms of production and consumption of goods & services …..as well as the supply of money. It is a careful management of available resources.
A business is supposed to refer mainly to organizations but a person (individual) is a business where goods and or services are exchanged for one another or for money.
In terms of state legal laws, when a case is made against a person by either a state or by another person, lawyers represent the parties in a court system. The legal dossiers are written as addressed to an organization (a business) and must be listed in capital letters; in other words even individuals are considered as organizations by the maritime law which governs the way of business in the world. E.g the STATE VS MS. SMITH. An individual’s name must be and shall be written in capital letters to refer to that person as an organization (or a business).
In a court system only businesses can be tried and are represented by a barrister. You and I are considered walking businesses according to the current world system. And so if you are a business, your spouse also a business, your children also standing businesses today in their own rights; this means that it’s time you operated as one or suffer the hash globalization stick.
What Grace has taught us is that we should start by using our gifts (talents), understand that individuals are brands, entrepreneurs and begin running yourself as a business. It is very hard to enslave a person who is using their talent in an economy: It just a law of nature that’s where the parable of talents come from. It is also true that when you use your talent you gain more talents, as such your net-worth is bound to increase because then you will be able to increase both your economies of scale and scope.
This way we minimize chances of enslaving for others for a lifetime. We and our children are freed for life. We can not continue to operate as “persons” in a world that consider us as “businesses” …. Or else by default individuals remain consumers and never to produce for themselves …instead producing for others, ….but by learning always how to scale and scope maximizing profits ..we gain knowledge and improve ourselves; something that we can exchange within an economy or global markets.
Economics teaches us that the market system can be sketched by reference to three major markets – the product market, the labour market and the capital market. Two primary sets of participants being the firm and households. Households sell their labour to firms and earn salaries, they buy goods and services from firms. Firms produces goods and services by hiring labour and capital from households (and other firms) – both interacting on the capital market. But Households are a central point, not banks/capitals or firms. People make money exchange hands. There are two other most influential market participants that must be always considered; the foreign sector and the local government sector.
That is why having informal settlement not only is a danger for germs, viruses and diseases to sprout but it also causes a huge discrepancy in listing, monitoring and distribution to and from households for governments.
To see yourself as a business, infect allows you to treat yourself and your body, even your brain with more respect. It also helps you to learn more about your unique traits. It teaches you to properly defend yourself from con artists. It is empowering in a way especially to women and children who have been left out from the boardroom table. It also helps you understand business in general because business and money are no subject to be left only to expects.
In a proper functioning business there is a balance of exchange where there is both consumption and production: we consume to produce.
In a broader term: when we as individuals are producing under our own corporations or under the umbrella of firms, we must learn to negotiate…
to negotiate with this understanding that we are selling labour, talent and skills in exchange for money. We aren’t begging for jobs (we are the labor force) and we plough back into the economy …without us there is no local economy…which means no global positioning…so we must therefore be paid in relative to our inputs, skills, talents and in a global exchange rates.
When governments issue birth certificates or ID documents, it’s more than for a number allocation reasons or just a form of identification but it is a legal document which counts individuals and present that number as a sign of a country’s economical strength. The number of issued birth certificates act as an insurance at the the stock exchange, which in turn show indications at the global foreign exchange market system. Under the Bretton Woods system 1946-1973, exchange rates were tied to the U.S. Dollar because the US dollar was tied to gold – but since then economies adopted a floating regime for most currencies. For example EU uses the floating regime for the euro trying to enhance itself in the international monetary system. Next time we can discuss briefly the exchange rate because it is one area that requires hedging if one receives funds in different currencies.
The number of people you have in your country is a sign of economical strength as well. France today is said be at 66mill people, Africa together is at 1,11bn.
The issue of issuing birth certificates, ID’s as government insurance become easily understood when studying South Africa’s Apartheid system with the dompass control system. Passports are now issued to minors in accordance to the recent international law, children are no longer listed under their parents passports but an unabridged birth certificates should accompany the minor’s birth certificate in order to indicate the country of origin and physical address for both parents: in which economy do they contribute.
Business has to operate in an economic environment…
1. that has become vastly competitive (non monopolistic)
2. that is more open in terms of foreign trade
3. that includes investment and capital markets
4. And that has government support to business (a government which is targeted to business and result oriented.)
WTO (The World Trade Organization) released a 2015 annual report 27 May 2015.
Find the report here: https://www.wto.org/english/res_e/booksp_e/anrep_e/anrep15_e.pdf
“Doing my AMBA in Europe assisted me to see things at a different angle of which is a priceless experience and it definitely awakened something within me“, ~Re.
The WTO was established 1st January 1995, Geneva. It provides the contractual framework within which government’s undertake to implement legislation and regulations for foreign trade. It’s a platform for trade debate, negotiations, and adjudication among member countries.
The WTO is responsible to put to effect the monstrous Uruguay Round (for agricultural products) and it is also responsible for promoting international competition, overseeing priority to environmental policies and to promote sustainable development; why? Because there are global resources and these resources are exchanged amongst member countries and to non members countries (or sanctioned countries) at high tariffs.
Because of WTO foreign trade has became easier; tariff barriers have fallen drastically and so have transport and communication cost. Trade liberalization achieved through multilateral trade agreements such as (GATT) – The General Agreement on Tariffs and Trade founded in 1947.
Now for a young country like South Africa where the first democratic elections were held in 1994 and all sanctions were removed and the country joined COMESA, SADEC up to AU etc…in order to compete economically and globally…and seem as though South Africa arrived just on time in 1995 for the WTO, though the name was changed from the old GATT to WTO. The country like South Africa needed a strong negotiator to create the strongest links in order to join existing cartels. The world businesses is no child’s play; education is one weapon but having a sound foreign minister is crucial.
The Uruguay Round is supposed to boost the world’s income by an extra 510 billion of US$ annually. U.S. at 122bn, EU at 164bn, Japan at 27bn, other 62bn (other includes Israel and perhaps Russia, Singapore, South Korea, Arabia or Qatar…perhaps China etc..) and all developing economies or so called newly developed countries at 135bn combined or divided amongst each other; amongst this is us, Africa.
It is written that developing countries could capture one-third of these gains if they open their markets. Yet the cost of conforming to intellectual property rules remains high cost for developing countries.
Our government leaders were conned into accepting this intellectual property rules which will cost us dearly. Professor Jagdish Bhagwati used the word “bamboozled”, he said developing economies were bamboozled at accepting the standing Round.
We now need to elect into power individuals with strong entrepreneurial expertise as well as strong negotiators.
See link on negotiations: https://plicc.wordpress.com/2014/09/14/the-skill-of-negotiating/
Europe knows more about Africa than Africa know about Europe.
These discrepancies in the existing WTO distribution of resources and global competition, perpetuate brain drain, migration and humantrafficking that we have recently been observing…and it’s at a rise. The global desperation will only increase if world leaders do not ease up on these intellectual properties policies.
It begins with us though the people, we must understand that we arose and joined a world that has been running for more 3500 years with laws that are carried over into now existing laws and we must learn how to play with the big girls and not entrust our lives solely at the hands of governments.
Africa divided is weak, we must unite in creating comparative and competitive advantages. Now that we understand the natural laws of “flow“; we need good national competitive policies in each African country and more importantly not to forget intellectual property investment incentives. We need to elevate labor standards as well as our environmental regulations which impacts strongly on trade flows.
Something interesting about laws and policies, is that they are or they can only be made ….therefore they can also be made redundant by signing in new laws; government’s or people cannot just overlook laws that currently stands.