FUTURE OF THE WORLD ECONOMICS.

I always use to say to my students that a good astrologer can beat the some of the best economist in the world. This is not said out of arrogance but with deep understanding. Many scientist have created models of subjects like the economics, physics etc, but there is no model in the world which is holistic comprehensive and so encompassing like the astrology. the 9 planets and the 12 signs can fit in with any models in the world.

In any case there is lot of fear how the global economy will work. There is lot of fear doubts and despair due to fast changes in the world economy. Voices  of hue and cry about out sourcing.

First of the global economy will get specialized. it will not be like every country is doing every thing. for example the whole world will source tea from srilanka, vitenam and other countries will not be producing much tea.

if some one wants software solutions and BPO then it will Indian and some south east Asian country.This means the world nations will have specialize and the whole world will buy from them.The affluent countries will be of course will also be good in some areas.

For example Saudi in the current trends has a  specialty is oil . like this there will pockets of specializations. Also there will be level playing fields as more countries becoming richer and they will demand rules which are fair.

More over products will be sold  like that of movie making. it is made and sold across the world in short period of time and reruns are less. In the same way  products  can be sold and produced and go to next level with in 30 days. now days product have bigger life cycle of little more than year and this will shrink more and more.

the supply chain and the logistics will be so efficient that most people can buy any thing from any part of the world.web dream has gone sour but it will key factor in uniting the world economy. more than 50% of the business will be done in the web.

the global economy will have new rules the old model of bully like America running the world economy will lead to collective bargain were nation pile up together and get there deals better.This in a matter of 30 years will be slowly coming true.