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30 Technologies of the next decade. The majority of these have only actually come out of research and theory in the last 10 years or less.

Many are impacting our lives in unexpected ways already - for good and bad. We can expect that all will impact the world in one way or another over the next few decades. Those that recognise the changes and take advantage of them will be the winners. Sadly much of the world promises to lose out - leading to potentially greater gaps between rich and poor and more potential for strife as the have-nots try and grab what the haves have.

Part of knowing what is coming is knowing how to manage it (and share it). Are we ready? And if not, what do we need to do to be ready?
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3 weeks ago  ·  

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Understanding statistics should be a key business skill - and should also be a required skill for anybody talking about economics. This comment shows how easy it is to misinterpret statistics.

The UK is leaving the EU - and there has been lots written on the wisdom or otherwise of this move. Almost all economic experts have said that it will damage the UK economy. For some reason the pro-Brexit pundits dispute this - and I think I now understand why. They fail to understand basic statistics - or even elementary mathematics.

Currently the EU is Britain's main trading partner. Recent UK government (leaked) analysis has stated that the benefits of free trade deals with non-EU countries would add under 1% to the long-term growth of the British economy. Under every scenario modelled the UK economy would be worse off.

This sentence comes from today's London Times (8 Feb 2018) "Brexiteers rejected the civil service calculations last night, however, and said a deal between Australia and the US led to a 70 per cent boost in trade".

This shows a complete misunderstanding of basic school mathematics. The 70% increase is obviously not total trade but only trade between the US and Australia which will be a very small proportion of total trade for both economies. (If they think it's total trade, that's even more worrying). A 70% increase on a small level of trade is great for Australia-US trade relations but it is still tiny and will hardly dent the overall international trade figures. For example, a 70% increase of trade that was worth $1 makes it $1.70.
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1 month ago  ·  

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