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China, Apple, Trump, and other four factors transform the global economy. Technology, urban growth, and China’s strength are among the factors that have been raised in a book about the transformations that we should expect in our lives. For Jeff Dejder, the advent of the Internet in the early 1990s is one of the last changes that have deeply changed the world economy and people. The Dejardar is the author of a new book entitled “The Transformation Implications: A Data-Driven Image of Our World,” which looks at changes in the macro dimension. He says the Web, like the theory of central Sun Nicholas Copernicus, has left a fundamental effect, a theory that in the fifteenth century challenged the common belief that Earth is the center of the world.

 

China’s growth

China, Apple, Trump, and other four factors transform the global economy:

The impact of China’s economic growth on the world is not new. But Djurdayar highlights the combination of economic growth and technology development. The economic output of some of China’s cities surpasses all the countries in the world. Currently, China has more than 100 cities with more than one million people. Cities on the edge of the Yangtze River – Shanghai, Suzhou, Hangzhou, Nantong, Nanjing, and Changzhou – are examples of this development. The city’s physical growth takes place in line with its unprecedented economic growth. If Shanghai were a country, it would be one of the top 30 economies in the world. China is expected to become the world’s largest economy by 2030, surpassing the United States.

 

Increasing metropolitan areas

China, Apple, Trump, and other four factors transform the global economy

Over the next few decades, urban population growth will change the global economy. According to UN estimates, China and many Western countries will have a steady birth rate, while Africans. And other Asian countries will see a population explosion and rapid urbanization. This, in turn, will lead to the creation of more metropolitan cities; cities with more than 10 million people. Last year, 47 cities met the metropolitan characteristics, according to the United Nations. Africa is estimated to have at least 13 larger metropolitan areas than New York until the end of this century.

China, Apple, Trump, and other four factors transform the global economy

Increase debt

According to the Visual Capitalist, a media company founded by Jeff Dzhyderan, global debt is about $ 240 trillion, of which $ 63 trillion is the debt of governments. In terms of gross domestic product, Japan has a debt of 253%. This ratio reaches 105% for the United States. The United States, Japan, and China, together, account for 58 percent of the global debt. The United States, Europe, and a number of developing countries have increased their debt levels over the past. But this is contrary to the recommendations of the International Monetary Fund. The report, released last year, states that “It is advisable for governments to fix the ceiling of the house when it is sunny: save their annual budget surplus or at least reduce the budget deficit at a time of flourishing.

 

Change technology

Contemporary history has witnessed tremendous technological innovations, including intrusion of electricity for domestic and commercial use, or inventions such as phones, cars, and aircraft. If the time of becoming a prototype of a product is available to everyone it can be said that the publication of these products has, in some cases, taken decades. For example, it took eighty years for cars in the United States, based on census data, to reach a level where 90% of the people own it. The internet has traveled the same route over the course of 23 years. The tablet ownership jumped from 3 percent in 2010 to 51 percent in the next six years.

 

China, Apple, Trump, and other four factors transform the global economy: A green revolution

Thanks to technological advances and cheaper costs, the use of renewable energy sources have increased over the past few years. The recent report by the International Energy Agency estimates that solar energy can become the largest source of energy by 2050. Also, according to the International Institute for Sustainable Development (IISD), investment in renewable energy will reach $ 7 trillion by 20 years.

 

Commercial barriers

China, Apple, Trump, and other four factors transform the global economy:

After World War II, governments tended to eliminate trade barriers. But free trade has recently been challenged by countries like the United States. It was only in the same year that Washington imposed tariffs on Chinese goods and launched the Beijing-based trade battle. War of Tarot: Six Options to Counter America. China and America: What is business warfare and how does it affect your life?

In the “Transformational Imagination: Data-Driven Image of Our World,” the current situation is described as a commercial paradox; since the world tends to become more liberalized or new laws emerge.

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