The Currency of Connectivity

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Presentation from 2012 Deepak Chopra Sages and Scientists about the linkages between connectivity and happiness. How to drive public policy to connect communities and create a global consciousness through connected communities.

Technology Economy & Finance

The Transformative Currency of
Connectivity

The new currency of global growth
is the network and the network
happiness effect

The Social Glue of Oxytocin
Paul Zak discovery that social networking
triggers the release of oxytocin, a chemical in
the brain that heightens feelings of
trust, empathy and generosity similar to when
we fall in love.

New England Journal of Medicine: The Collective Dynamics of Smoking in a Large Social Network
Nicholas A. Christakis, M.D., Ph.D., M.P.H., and James H. Fowler, Ph.D.
N Engl J Med 2008; 358:2249-2258May 22, 2008

If I were the King of Bhutan and my
mandate was happiness would I
connect my country?

The correlation between happiness and connectivity

Bhutan case
YEAR Users Population % Pen. GDP p.c.*

2000 500 812,184 0.0 % US$ N/A

2007 30,000 812,184 3.7 % US$ 767

2010 50,000 699,841 7.1 % US$ 2,042

Source: ITU

It is not the strongest of the species
that survives, nor the most intelligent
that survives. It is the one that is the
most adaptable to change.
- Charles Darwin

Questions

Erin Mote
Principal
The Verban Group
erin@verbangroup.com

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1 Running Head: ECONOMIC DEVELOPMENT OF NATIONS 5 ECONOMIC DEVELOPMENT OF NATIONS Economic Transition Cheryl Harris Walsh College Economic Development of Nations The European market enlargement has reached its last phase. The highly advanced nations have closed their negation process: in the transition process, the post-communist are to some extent similar to the modern economic systems and the democratic nations regarding their structural and cultural perspective. Structural adaptation entails basic behavioural as well as institutional cultures in the developed western nations. Culture, in this case, can, therefore, be referred to as the system of values that align people’s characters and approach to their surroundings (Wild and Wild, 2019. P.112). Economic culture is thus a representation of the economic values and beliefs, which directs the economic behaviour. Changing from the centrally planned economy to the market economy is considerably challenging and it presents a lot of challenges to a firm or nation. It requires the standardization of the behavioural and the normative patterns as well as the institutional structure in favour of the existing situation. The challenge is more intense when considering the core of culture. More obstacles may be experienced if a critical mass of relevant modern economic values and political democracy are not achieved. Most of the transition countries lack enough amount of inner force to cultivate democracy with little interest from the elites in power (Wild and Wild, 2019. P.113). There has always been a cultural clash when different economies meet to transact in a common market like the situation of Daewoo Motors from South Korea. The rigid hierarchical structure is a significant threat to economic transition. Summary of the article: A Chinese recession would be detrimental to the world. Here's how. Cultural difference in various nations acts as a significant challenge in the economic transition in countries like China. The global market culture is restricted to changes, therefore, it did not accommodate the decline in the China currency, the renminbi, which has complicated the Chinese stock market and forced the government to troll trading in the country. The cultural difference, in this case, refers to the incompatibility between the Chinese currency and the global market conditions. There is a challenge on the management of the domestic and the global economic obligations of China. The growth model of the Chinese economy had shifted from the investment based on external demand economy that relies on domestic consumption. Changing such economic transition without realizing a sharp decrease in the economic growth would be a daunting task for any nation, especially to a complex economy like that of China (El-Erian, Obama, & Global Development Council, 2018). In most cases, the economic transition reduces the dependence on the government with much focus on the incentives, personal respons.

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The Currency of Connectivity

1. The Transformative Currency of Connectivity

2. Credit: We Are Social

3. Credit: We Are Social

9. The new currency of global growth is the network and the network happiness effect

10. The Social Glue of Oxytocin Paul Zak discovery that social networking triggers the release of oxytocin, a chemical in the brain that heightens feelings of trust, empathy and generosity similar to when we fall in love.

11. New England Journal of Medicine: The Collective Dynamics of Smoking in a Large Social Network Nicholas A. Christakis, M.D., Ph.D., M.P.H., and James H. Fowler, Ph.D. N Engl J Med 2008; 358:2249-2258May 22, 2008

12. If I were the King of Bhutan and my mandate was happiness would I connect my country?

13.

14.

15.

16. The correlation between happiness and connectivity

17. Bhutan case YEAR Users Population % Pen. GDP p.c.* 2000 500 812,184 0.0 % US$ N/A 2007 30,000 812,184 3.7 % US$ 767 2010 50,000 699,841 7.1 % US$ 2,042 Source: ITU

18. It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. - Charles Darwin

19. Questions Erin Mote Principal The Verban Group erin@verbangroup.com

The Currency of Connectivity

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