Quaternary sector of the economy The quaternary sector of the economy is a way to describe a knowledge-based part of the economy which typically includes services such as information generation and sharing, information technology, consultation, education, research and development, financial planning, and other knowledge-based services. The term has been used to describe media, culture, and government. "Quaternary sector" is a further delineation of the three-sector hypothesis of industry in the sense that the quarternary sector refers to a part of the third or tertiary sector along with the quinary economic sector. It has been argued that intellectual services is distinct enough to warrant a separate sector and not be considered merely as a part of the tertiary sector.
Why resource-rich countries usually end up poor Photo by Walter Astrada/AFP/Getty Images. New discoveries of natural resources in several African countries—including Ghana, Uganda, Tanzania, and Mozambique—raise an important question: Will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? On average, resource-rich countries have done even more poorly than countries without resources. They have grown more slowly and with greater inequality—just the opposite of what one would expect. After all, taxing natural resources at high rates will not cause them to disappear, which means that countries whose major source of revenue is natural resources can use them to finance education, health care, development, and redistribution. Resource-rich countries tend to have strong currencies, which impede other exports;
Finally, a breakthrough alternative to growth economics – the doughnut So what are we going to do about it? This is the only question worth asking. But the answers appear elusive. Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the collapse of the living world – those to whom we look for leadership appear stunned, voiceless, clueless. Even if they had the courage to act, they have no idea what to do. The most they tend to offer is more economic growth: the fairy dust supposed to make all the bad stuff disappear.
The Emerging Fourth Sector - FourthSector.net The Three Traditional Sectors Businesses create and distribute goods and services that enhance our quality of life, promote growth, and generate prosperity. They spur innovation, reward entrepreneurial effort, provide a return on investment and constantly improve their performance responding to market feedbacks.
Economists sound warning over carbon tax South Africa's high dependency on fossil fuel-powered energy has earned it a place among the top 20 carbon emitting countries in the world. In this year's Budget Speech, Pravin Gordhan announced the implementation of a carbon tax for 2013-2014. A draft policy is being drawn up for public comment. Carbon pricing was the topic under panel discussion at the Mail & Guardian's Critical Thinking Forum on Tuesday, hosted by the M&G and BHP Billiton.
Introduction What is degrowth actually about? Degrowth is a perspective and an emerging social movement, which in the last few years brought together a multitude of projects and ongoing debates around alternative economies. The main idea of degrowth is an economy and society which aims for the well-being of all and for ecological sustainability.
The Limits of the Earth — Part 1: Problems (Credit: NASA) This is part one of a two-part series on the limits of human economic growth on planet Earth. Part one details some of the environmental and natural resource challenges we’re up against. Part two, on the ultimate size of the resource pool and solutions to our problems, will be published tomorrow and linked here. Both parts are based on Ramez Naam’s new book, The Infinite Resource: The Power of Ideas on a Finite Planet Logic Freaks Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing. At least three Nobel laureates have expressed their concerns. At a very early stage Wassily Leontief in 1982 objected that models had become more important than data: “Page after page of professional economic journals are ﬁlled with mathematical formulas … Year after year, economic theorists continue to produce scores of mathematical models and to explore in great detail their formal properties; and the econometricians ﬁt algebraic functions of all possible shapes to essentially the same sets of data.” In 1997, Ronald Coase complained: “Existing economics is a theoretical system which ﬂoats in the air and which bears little relation to what happens in the real world.”
Basic Income Gathers Steam Across Europe Barcelona. In the last few months basic income—an unconditional cash payment to every member of the population—has been getting more and more attention in the media and social networks. Three items are especially interesting. The Infinite Resource: The Power of Ideas on a Finite Planet “Brilliant” — Ray Kurzweil “This book contains a plan – probably the only plan – to save the world.” — Steven Pinker Climate change. Finite fossil fuels. Fresh water depletion. Rising commodity prices.
South Africa - ECONOMY South Africa - The Economy South Africa TRADING ON JOHANNESBURG'S financial markets reached a new all-time high on April 26, 1994, reflecting the buoyant mood of voters of all races who were about to participate in the country's first democratic elections. The Economics of Happiness (2011) Economic globalization has led to a massive expansion in the scale and power of big business and banking. It has also worsened nearly every problem we face: fundamentalism and ethnic conflict; climate chaos and species extinction; financial instability and unemployment. There are personal costs too.
The Limits of the Earth — Part 2: Expanding the Limits (Credit: NASA) This is part two of a two-part series on the limits of human economic growth on planet Earth. Part one details some of the environmental and natural resource challenges we’re up against. Iceland Was Right, We Were Wrong: The IMF VANCOUVER (Silver Gold Bull) -- For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs. Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position. What was Iceland's approach?