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Economics final presentation.ppt
- 1. NEW YORK CITY MODERN GILDED AGE REYKJAVIK COLLABORATION FOR SUSTAINABILITY NEW DELHI INNOVATION CONSTRAINED OSLO AGE OF ROBOTS DIFFERENT CITIES, LIFES AND OUTCOMES4
- 2. NEW YORK CITY MODERN GILDED AGE
- 3. MELODY launched her business 3 years ago. After seeing the outcomes of Donald Trump’s policies over the last few months, she is very concerned about the future economic climate and how would it impact her business. LOWER PRODUCTION BARRIERS TO TRADE Limitations promoted by the government INTEREST DROP UNEMPLOYMENT RISES DEFLATION Price reduction in certain industries INDUSTRY PRICE WAR HEAVY INFRASTRUCTURE SPENDING UNEMPLOYMENT DROP ECONOMY STABILIZES Takes over bargain of nationalism (short-term) INFLATION EXPANSIONARY MONETARY POLICY Increase in money supply MORE CONSUMPTION Decrease in savings CURRENT SITUATION FISCAL POLICY MONETARY POLICY
- 4. MELODY had to re-design her value-chain to be more domestic. This increased the cost of her operations and gave her a disadvantage against big monopolies in the industry. TECHNOLOGIES OF OPERATIONAL EFFICIENCY Internet of Things Artificial Intelligence Next Generation Robots TECHNOLOGY IMPLICATIONS MULTIPLE IMPACTS LOW INVESTMENT IN Advanced Materials Mobile Connectivity BioTechnology ECONOMIC GROWTH High only domestic, Short- Term, Limited Trade makes it unsustainable BUSINESS MODELS Vertical Integrations Higher Costs Less Differentiation Monopolies EMPLOYMENT Increase unemployment long-term INNOVATION Limited, focus on competitive advantage TRANSFORMATION Domestic Suppliers Domestic Labor No Economies of Scale Higher Prices for Tech Competitive Advantage depends on ability to cut-cost
- 6. ÓSKAR is a politician in Iceland. The prime minister has asked him to prepare a report for the project on renewable energy that must be presented to government today. He is interested in the initiatives that firms worldwide are taking, and how they could be brought to Iceland. SHIFT IN PUBLIC OPINION Value chains must change INVESTMENT IN TECHNOLOGY BY FIRMS RISE IN UNEMPLOYMENT INFLATION LESS BUT LOCALIZED CONSUMPTION 0 km concept MORE CONSUMPTION Decrease in savings CURRENT SITUATION FISCAL POLICY MONETARY POLICY EU SUBSIDIES FOR R&D For clean energy solutions ENTREPRENEURIAL STIMULATION EMPLOYMENT SHIFT Balances out through local employment FIRMS KEEP INVESTING SCARCE NATURAL RESOURCES INTEREST DROP EXPANSIONARY MONETARY POLICY Increase in money supply
- 7. INNOVATIVE TECHNOLOGIES Clean energy solutions Bio Tech Genetic Engineering TECHNOLOGY IMPLICATIONS MULTIPLE IMPACTS HIGH INVESTMENT IN Advanced Materials Renewable Energy Internet of Things Artificial Intelligence ECONOMIC GROWTH Reduced growth rate but more sustainable. BUSINESS MODELS New Value Chains Higher Costs Focus on Efficiency EMPLOYMENT Balanced Localized INNOVATION More conscious Focus on sustainability ÓSKAR has found that firms are becoming more conscious about their impact, and investing in technologies that give them more visibility to the value chain, or that help with efficiency of production. The trending questions are: “How can we produce more with less? How do we secure resources in future?” TRANSFORMATION Shorter supply-chains (domestic) Strong consumer advocacy Join-Ventures to reduce waste Environmentally friendly production Reliance on Big Data for decisions
- 9. LESS PRODUCTIVE And low attractiveness DIGITAL FEAR Reliance on human capital NO/SLOWER ECONOMIC GROWTH SUBSIDIES ON HUMAN CAPITAL UNEMPLOYMENT DECREASE MORE CONSUMPTION INFLATION Decrease in savings CURRENT SITUATION FISCAL POLICY MONETARY POLICY FDI DECREASE TAXES AND REGULATIONS ON TECHNOLOGY PRODUCTION DECLINE LESS CONSUMPTION JOPAUL is the secretary of Economy in India. They are losing their competitive advantage against other countries and becoming less attractive to foreign investors. This can be attributed to the decline of technological innovation from national firms and the usage of tech among the people. Cybercrime is at an all- time high. His focus in in understanding the long-term implications of this trend. INTEREST DROP TO FOSTER INVESTMENT EXPANSIONARY MONETARY POLICY Increase in money supply LIQUIDITY TRAP Long-Term
- 10. INCREASE IN CYBER SECURITY TECHNOLOGIES TECHNOLOGY IMPLICATIONS MULTIPLE IMPACTS DECREASE IN R&D TECHNOLOGIES ECONOMIC GROWTH Stagnant International tensions BUSINESS MODELS Traditional Vertical integrations Higher costs EMPLOYMENT Increase INNOVATION Restrained National JOPAUL concluded that this fear would lead to a less productive society, in which everything is done within physical reach, since outsourcing labor would mean to rely too much on tech. This lack of incentive to optimize cost systems and capitalize on international opportunities, will lead to an employed, but stagnant society, with no global relevance. TRANSFORMATION Reliance in human capital Domestic/Local Labour Deterred technological R&D Sizeable investment in security infrastructure No Digitalization of Processes
- 12. INVESTMENT IN TECHNOLOGY FAITH IN TECHNOLOGY INCREASE IN TRADE/FDI UNEMPLOYMENT RISE Jobs replaced by automatization TAX ON TECHNOLOGY/ ROBOTS RISE IN GOVERNMENT SPENDING Redistribution of wealth CURRENT SITUATION FISCAL POLICY MONETARY POLICY POPULATION MORE SKILLED New jobs needed UNEMPLOYMENT DECREASES ALVAR is a journalist living in Oslo. On his new article he will talk about what government is doing about the displacement of workers, and what that would mean for the local citizens. There is raising concern about the inability of humans to compete with machines, yet people are still optimistic about the impact it would have on the economy and in their quality of life. COMPETITIVENESS NEW INDUSTRIES HIGHER PRODUCTIVITY LOWER INVESTMENT AND CONSUMPTION DISINFLATION HIGHER INTEREST RATE CONTRACTIONARY MONETARY POLICY Less physical money RISE IN CONSUMPTION
- 13. HIGH INVESTMENT IN TECHNOLOGIES IOT & Sensors Blockchain AI Robotics 3D Printing Bio Tech TECHNOLOGY IMPLICATIONS MULTIPLE IMPACTS ECONOMIC GROWTH Perfect scenario (smarter people & more productive) Government is a key player Driven by trade/collaboration BUSINESS MODELS More collaboration Interoperability (tech and skilled workers) Customer centric production Shift in value chains EMPLOYMENT Specialized Empowered Stabilized by government initiatives INNOVATION Renaissance Constant improvement ALVAR did some interviews with politicians and local citizens. He was happy to report that government’s approach is to collaborate with firms in their technological initiatives, yet collect an extra tax to educate its citizens in working with machines. This will create a cycle of economic growth, where firms are more productive and citizens are more skilled. SUSTAINABILITY Smarter technologies Reduction in waste TRANSFORMATION Advent of AI in production IOT and sensors increases the connectivity of the production Partnerships with Government Skilled Labor helps capitalize technology use in operations Incentivized to improve production systems
- 14. REYKJAVIK COLLABORATION FOR SUSTAINABILITY OSLO AGED ROBOTS NEW YORK CITY MODERN GILDED AGE NEW DEHLI INNOVATION CONSTRAINED CONSTANÇA FREIRE DE ANDRADE PIER LUCA MELODY UCROS BRUNO CERVANTES EUDORE PRIMEZ MICHAEL HARPER GROUP E F3