1) Global wealth increased to $280 trillion in 2017 but so did global debt, rising to $233 trillion. 2) The top 1% of the world's population owns half of global wealth while the bottom half of the population saw no increase in wealth. 3) The US and Japan have the largest national debts at $20 trillion and $11 trillion respectively, though as a percentage of GDP Japan's debt is larger.
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
Brics- Brazil, Russia, India, China and South AfricaMicky Lyf
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries.
http://www.profitableinvestingtips.com/investing-tips/brics-development-bank-problems
BRICS Development Bank Problems
There seem to be BRICS development bank problems even before the idea gets off the ground. In their recent summit in South Africa, the leaders of Brazil, Russia, India, China, and South Africa stated that they intend to create an international bank to support development in the developing world. The argument made by many in the developing world is that the World Bank, International Monetary Fund, and the Bank of International Development have a Western bias. This argument has been around for quite a while. The emerging powers of the BRICS group want more say in what goes on in the world and more say that is commensurate with their growing economic clout. The figure tossed around is $50 Billion in seed capital, evenly divided among the five BRICS nations. But, BRICS development bank problems are sure to rise. The complaint of these nations has been that the dominant economies of Europe and North America call the tune for who gets development money and who does not. There is a realistic fear that China with the largest economy and largest cash reserves will want to call the tune and cause BRICS development bank problems. Where will the headquarters of such a bank be? Who will be its officers and how will they be chosen? This news follows on the heels of a large Russian Chinese energy agreement in the making, a deal which holds much of the same promise of investment opportunity in these nations, and much of the same risk of failure.
He Who Has the Money Has the Power
Where the Europeans used to have colonies across the globe, the United States developed an economic hegemony in the years after World War Two. US military might and economic clout guaranteed allies in the fight against communism. Another way of looking at the contest between the USSR and the USA is that industrialized nations need both access to natural resources and people to sell their products to. As China has grown in economic clout it has followed the path of the Brits and the Yanks by spreading cash around the Third World in return for oil contracts, mineral rights, and access to markets. Where locals everywhere across the globe used to both envy and resent the Brits and then the Yanks, they now envy and resent the Chinese. An all too accurate complaint in Africa is that China is actively working to inhibit industrial development in Africa because they want African resources and they don’t want industrial competition with cheap African labor. An issue for South Africa is if they can ante up $10 Billion to have an equal share of bank power alongside the Chinese.
Brics- Brazil, Russia, India, China and South AfricaMicky Lyf
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries.
http://www.profitableinvestingtips.com/investing-tips/brics-development-bank-problems
BRICS Development Bank Problems
There seem to be BRICS development bank problems even before the idea gets off the ground. In their recent summit in South Africa, the leaders of Brazil, Russia, India, China, and South Africa stated that they intend to create an international bank to support development in the developing world. The argument made by many in the developing world is that the World Bank, International Monetary Fund, and the Bank of International Development have a Western bias. This argument has been around for quite a while. The emerging powers of the BRICS group want more say in what goes on in the world and more say that is commensurate with their growing economic clout. The figure tossed around is $50 Billion in seed capital, evenly divided among the five BRICS nations. But, BRICS development bank problems are sure to rise. The complaint of these nations has been that the dominant economies of Europe and North America call the tune for who gets development money and who does not. There is a realistic fear that China with the largest economy and largest cash reserves will want to call the tune and cause BRICS development bank problems. Where will the headquarters of such a bank be? Who will be its officers and how will they be chosen? This news follows on the heels of a large Russian Chinese energy agreement in the making, a deal which holds much of the same promise of investment opportunity in these nations, and much of the same risk of failure.
He Who Has the Money Has the Power
Where the Europeans used to have colonies across the globe, the United States developed an economic hegemony in the years after World War Two. US military might and economic clout guaranteed allies in the fight against communism. Another way of looking at the contest between the USSR and the USA is that industrialized nations need both access to natural resources and people to sell their products to. As China has grown in economic clout it has followed the path of the Brits and the Yanks by spreading cash around the Third World in return for oil contracts, mineral rights, and access to markets. Where locals everywhere across the globe used to both envy and resent the Brits and then the Yanks, they now envy and resent the Chinese. An all too accurate complaint in Africa is that China is actively working to inhibit industrial development in Africa because they want African resources and they don’t want industrial competition with cheap African labor. An issue for South Africa is if they can ante up $10 Billion to have an equal share of bank power alongside the Chinese.
The fifth annual Global Wealth Report 2014 by the Credit Suisse Research Institute finds that from mid-2013 to mid-2014 aggregate global household wealth increased by 8.3% in current dollar terms to USD 263 trillion, despite an ongoing challenging economic environment. The analysis comprises the wealth holdings of 4.7 billion adults across more than 200 countries – from billionaires in the top echelon to the middle and bottom sections of the wealth pyramid, which other studies often overlook.
- Download the 2014 Global Wealth Report (PDF): http://bit.ly/1syUAv8
- Order the print version of the 2014 Global Wealth Report: http://bit.ly/11iQ1uL
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
The Credit Suisse Global Wealth Report and the accompanying more detailed Global Wealth Databook provide the most comprehensive study of world wealth. Unlike other studies, they measure and analyze trends in wealth across nations, from the very bottom of the "wealth pyramid" to the ultra high net worth individuals. Five years on from the global financial crisis, our detailed wealth data shows a number of interesting trends. Emerging country wealth growth has slowed, with some notable winners and decliners. We also find that the distribution of wealth in China is very different, and apparently more balanced than that of India. This year, our special focus is on wealth mobility, which appears surprisingly high in the short run.
- Download the 2013 Global Wealth Report (PDF): http://bit.ly/P56D2G
- Order the print version of the Global Wealth Report: http://bit.ly/1cpOkgl
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
BOND Capital is a global technology investment firm that supports visionary founders throughout their life cycle of innovation & growth. BOND’s founding partners have backed industry pioneers such as DocuSign, Peloton, Spotify, Square & Uber.
by Mary, Noah, Mood, Juliet, Daegwon, Paul & the BOND Team.
#TimeToCare (India Supplement) | Oxfam IndiaOxfam India
With growing inequality, it has become pertinent to address the ever-growing gap between the rich and the poor. Over the last decade, academics, policymakers and multilateral institutions have been striving to draw attention to the growing importance of the subject of shared prosperity. https://www.oxfamindia.org/workingpaper/timetocare-india-supplement
This report offers a comprehensive overview of the situation in the United States focusing on the business perspective. The United States remains one of the world’s key economic players. With a real GDP per capita of US$62,479.3, this high-income country occupied 6th place in a 2019 global comparison. The U.S. was home to about 329.1 million people in 2019 and is renowned for its extensive entertainment industry.
What's included?
Economic conditions (incl. COVID-19 economic impact), public finances, and detailed information on the labor force
Demographics, consumption, and income
Imports, exports, foreign direct investments
Fitch Solutions operational risk indexes
Business culture and local habits
Government structure, overview of stability and threats, and the political environment
Territorial CO2 emissions, energy shares, and PM2.5 exposure
According to the Institute of International Finance report, global debt increased by US$ 3.3 trillion last year to US$ 243 trillion. Economists warn that when this multi-trillion dollar bomb planted under the global economy explodes, the crisis will be worse than that of 2008. This is a record three times higher than world GDP. In developed countries, the extremely high indebtedness ratio reached 390% of GDP. The world economy may not be able to withstand to the debt of US$ 243 trillion dollars. Is the end of globalized capitalism?
The Credit Suisse Research Institute released its sixth annual Global Wealth Report, which focuses on how the middle class has developed since the turn of the century. It finds that the size and wealth of the middle class globally grew quickly before the financial crisis, but growth subsided after 2007 and rising inequality has squeezed its share of wealth in every region. In its analysis, Credit Suisse has taken a new approach to defining the middle class category, using a wealth-based definition – versus an income-based one – that allows for adjustments over time to reflect inflation, and also varies across countries depending on local purchasing power.
- Download the 2015 Global Wealth Report (PDF): http://bit.ly/1VPgIlc
- Order the print version of the 2015 Global Wealth Report: http://bit.ly/1K6hMVJ
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
Not a few countries that are experiencing stuttering when facing of the COVID-19pandemic, the high number of victims and the decline in the economy can be regarded as the state's stuttering in responding to the global health crisis. Stuttering that cannot be overcome has the potential to manifest as a failed state.
The COVID-19 pandemic not only caused numerous casualties in almost the entire world, but also caused a very fundamental global transformation, overhauled patterns of human interaction and relations between nations in the world system, and changed the increasingly loose direction of global geopolitics, making each country have sovereignty in looking at the urgency of global collaboration and collaboration. There are at least three transformations that will change the face of the world going forward, namely economic and trade transformation, and international relations and geostrategy.
The IMF also released the countries with the worst economic growth in 2020. Countries in Europe, Latin America, Africa and even the United States were included in the ranks of the list. This poor economic growth is parallel to the uncontrolled spread of the COVID-19 pandemic in these countries. Poor economic growth in 2020 is a form of stuttering in handling COVID-19.
globalisation, global corporations and global governmentHossein Davani
The purpose of this book is to critical power of multinational corporations those control politic, education system, wages and government. Multinational corporations (MNCs) are an economic, political, environmental and cultural force that is unavoidable in today’s globalized world. The powerful managers within multinationals, whose decisions affect thousands of workers, national economic, the environment and more, are not elected. New larger governmental institutions need to exist that can regulate business more widely, and therefore empower democracy .The heads of large companies have massive power over staff, employment, industry, national economies and the environment and yet are not elected nor publicly accountable for their actions. Supra –national organizations, staffed by those on the payroll of elected governments, empower democracy with renewed control
The purpose of this book is to explain what will happen in world economy specially emerging economy after 2020 till 2060.The book asks “What will the next four decades bring?” Based on several researches and forecasted has been done by famous economic research institute the world will bear a witness to raise new economic power and fall down traditional power. The outlook focused on several different key points except purchase parity power(PPP).
We emphasis PPP method is not reasonable and logical to compare different economic as capital is social relation so we need several factors to compare these relation, especially when we want to use "Super power" terminology in economic and political .The super power is not only word or sound but super power has some specific factors
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
1. Figure 1
World Wealth, World Debt and
World Corporations 2018
Prepared By: Gholamhossein Davani-EMBA,CPA
2. Much global billionaires, much more global assets but poor world population
By: Gholamhossein Davani-EMBA
According to Credit Suisse report and IMF special report those are supported by several
special reports global assets in 2017 has increased to $ 280.289 Billion. On the other
hand Global total debt has increased to $233,453 Billion. Research shows total debt has
jumped from $50 Billion (1997) to $233,453 Billion (2017). On the other hand there are
just eight men who collectively own as much wealth as the poorest half of the global
population.
Oxfam warns that the gap between the super-rich and the very poor has widened greatly
in the space of a year. In 2016, it was the world’s 62 richest people whose combined
wealth equated that of the poorest 3.6 billion on the planet. The total global world assets
are about $280,289 Billion against global total debt were about $233,453 Billion those
comparison in selected countries are as:
Rank Country
Total
Wealth
$B-USD
Wealth
per adult
USD
Rank Country
Total Wealth
$B-USD
Wealth per
adult USD
1
United
States
93,560 388,585 6 France 12,969 263,399
2 China 29,000 26,872 7 Italy 10,853 223,572
3 Japan 23,682 225,057 8 Canada 7,407 259,271
4
United
Kingdom
14,073 278,038 9 Australia 7,329 402,603
5 Germany 13,714 203,946 10
South
Korea
6,586 160,609
3. Meanwhile review of Credit Suisse report shows median wealth per adult in selected 12
countries 2017 are as follow:
No. Country Median wealth No Country Median Wealth
1 Iceland $444,999 7 Norway $130,543
2 Switzerland $229,059 8 Italy $124,636
3 Australia $225,337 9 Japan $123,724
4 Luxembourg $167,664 10 France $119,720
5 Belgium $161,589 11 Singapore $108,850
6 New Zealand $147,593 12 UK $102,641
According to the IIF those summary are in below table $68 trillion, the largest chunk,
belongs to non-financial companies despite financial institutions have $58 trillion of
borrowings and governments debt around the world have $63 trillion and finally there are
households, with total debt of $44 trillion.
Comparison world total debts in 1997, 2007 and 2017 are as follow:
Des 1997 2007 2017
Total global
debt($TR)
50 162 233
Total global
assets($TR)
120 223 280
Government debt 19 33 63
Financial sector 14 53 58
Non-Financial sector 22 42 68
Households debt 15 34 44
4. Statics confirmed US hasn’t posted an annual budget surplus since 2001, when the
federal debt was only $6.9 trillion (54% of GDP). Fast forward to today, and the debt has
ballooned to roughly $20 trillion (107% of GDP), which is equal to 31.8% of the world’s
sovereign debt nominally. The US just passed $20 trillion in debt for the first time, while
the UK owes £1.9 trillion ($2.5 trillion). Among OECD countries, Ireland, the US and
Italy are next, with $62,687, $61,539, and $58,693 respectively. Belgium, at $58,134, is
above the OECD average of $50,245 and Austria, France and Greece all have higher per
capita debts than the UK, and their citizens would have to find almost $50,000 each
($49,975, $49,652 and $47,869 respectively).Oxfam said the world’s eight richest
billionaires control the same wealth between them as the poorest half of the globe’s
population, according to a charity warning of an ever-increasing and dangerous
concentration of wealth. Last year, Oxfam said the world’s 62 richest billionaires were as
wealthy as half the world’s population. However, the number has dropped to eight in
2017 because new information shows that poverty in China and India is worse than
previously thought, making the bottom 50% even worse off and widening the gap
between rich and poor.
5. According to the OECD in 2012 the top 0.6% of world population (consisting of adults
with more than 1 million USD in assets) or the 42 million richest people in the world held
39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth.
The bottom 95% held 28.4% of world wealth. The large gaps of the report get by the Gini
index to 0.893, and are larger than gaps in global income inequality, measured in 2009 at
0.38.[7]
For example, in 2012 the bottom 60% of the world population held same wealth
in 2012 as the people on Forbes' Richest list consisting of 1,226 richest billionaires of the
world.
The Oxfam report added that since 2015 the richest 1% has owned more wealth than the
rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to
their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people.
Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the
incomes of the richest 1% grew by $11,800 – 182 times as much.
The world’s richest people have seen their share of the globe’s total wealth increase from
42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140,000 Billion,
according to Credit Suisse’s global wealth report published on Tuesday.
6. “The share of the top 1% has been on an upward path ever since [the crisis], passing the
2000 level in 2013 and achieving new peaks every year thereafter,” the annual report
said. The bank said “global wealth inequality has certainly been high and rising in the
post-crisis period”.
The increase in wealth among the already very rich led to the creation of 2.3 million new
dollar millionaires over the past year, taking the total to 36 million. “The number of
millionaires, which fell in 2008, recovered fast after the financial crisis, and is now nearly
three times the 2000 figure,” Credit Suisse said.
These millionaires – who account for 0.7% of the world’s adult population – control 46%
of total global wealth that now stands at $280tn.(Guardian International).
According to the World Inequality Report 2018, the top 1% in the world had twice as
much income growth as the bottom half since 1980. Meanwhile, income growth has been
sluggish or even flat for those with incomes between the bottom half and the top 1%.
Oxfam’s new Reward Work, Not Wealth report reveals that the world’s wealthiest 1% got
82% of the wealth generated in 2017, while the bottom 50% saw no increase at all!
The world’s 500 richest, according to Bloomberg Billionaires Index, became US$1
trillion richer during 2017, “more than four times” the gain in 2016, as their wealth
increased by 23%, taking their combined fortunes to US$5.3 trillion. According to
the UBS/PwC Billionaires Report 2017, there are now 1,542 US dollar billionaires in the
world, after 145 more joined their ranks in 2016.
Let’s look at the top five “government leaders” in each category those have about $
41,565 Billion debt nearly 66% world debt and United states has about 31.8% world debt.
7. Rank Countries Debt (B-USD) % of Global Debt Debt-to-GDP
1 United States $19,947 31.8% 107.1%
2 Japan $11,813 18.8% 239.3%
3 China $4,976 7.9% 44.3%
4 Italy $2,454 3.9% 132.6%
5 France $2,375 3.8% 96.3%
We find external debt 20 countries in 2017 those have largest external debt in as follow:
Rank Country
External debt
B-USD
Per capita
USD
% of GDP
No. Of
Billionaires
1 USA 19,947 54,426 107.1 533
2 UK 7,852 119,000 283
55
3 France 5,369 82,600 213 39
4 Germany 5,141 62,600 148 117
5 Netherlands 4,306 234,000 533 10
6 Luxembourg 4,014 6,733,000 6,731 7
7 Japan B3,516 27,600 74 33
8 Italy 2,324 39,200 126 42
9 Ireland 2,236 471,000 780 8
8. Rank Country
External debt
B-USD
Per capita
USD
% of GDP
No. Of
Billionaires
10 Spain 2,116 44,100 167 25
11 Canada 1,776 48,500 116 39
12 Switzerland 1,738 205,000 265 35
13 China 1,563 1,100 13 318
14 Hong Kong 1,499 203,000 414 69
15 Australia 1,488 60,800 126 32
16 Singapore 1,320 231,000 453 21
17 Belgium 1,278 112,000 265 2
18 Sweden 939 94,500 177 31
19 Austria 638 73,100 167 8
20 Norway 623 117,000 169 14
It is wonderful that despite the world debt has increased the number of billionaires and
also millionaires has been increased. For example world debt from 2002 had have been $
86 TR , 2007 =$149 TR , 2012 =$207 TR and 2017 grow to $ 233TR Meanwhile largest
country debtors has largest billionaires?! It seems has special relation to total debt and
number of billionaires in every country?!
9. There are 2,043 billionaires in the world, representing a 13% increase from last year’s
tally of 1,810, according to the annual Forbes list 2017. A separate report released
Tuesday of the world’s billionaires painted a different picture. According to the Wealth-
X’s Billionaire Census 2017, the world lost a net of 76 billionaires in 2017, with the total
number reaching 2,397. Their combined net worth totaled $7.4 trillion, Although the ratio
of debt-to-gross domestic product fell for the fourth consecutive quarter as economic
growth accelerated. The ratio is now around 318 percent, 3 percentage points below a
high set in the third quarter of 2016, according to the IIF. It is meaning grow rate of debt
effect to number of billionaires since according to last research the world's richest 1
percent reaped 82 percent of its wealth last year while the poorest half saw no increase at
all. The reasons for the growing disparity boil down to tax evasion, firms' influence on
policy, erosion of workers' rights and cost cutting, and it shows that the global economy
values wealth over work, the organization stated.
Finally Dollar millionaires make up 0.7% of the adult population but hold 46% of global
wealth as chart below :
Des Under$10K 10K-100K 10K-1000K Upper 1000K
No. Person
(M person)
3,747 1,054 391 36
% World
population
70.1 21.3 7.9 0.7
% world Wealth 2.7 11.6 39.7 45.9
Net Wealth
($Billion)
7,600 32,500 11,400 128,700
Source: Global Wealth Data 2017 Suisse Credit
It is meaning, the 36 million people with at least $1m of wealth are collectively worth
$128.700 Billion. More than two-fifths of the world’s millionaires live in the US,
followed by Japan with 7% and the UK with 6%. Wondering at present these millionaires
– who account for 0.7% of the world’s adult population – control 46% of total global
wealth that now stands at $280,000 Billion?
10. Other research shows from 2000 to 2017 average shares of top 12 countries has been about 76% to 81% world wealth as
below table:
Year Australia Canada China France Germany Italy Japan
South
Korea
Spain Taiwan
United
Kingdom
United
States
Average top
10
2000 - 2.1% 4.0% 3.9% 5.0% 4.7% 16.5% - 1.7% 1.6% 6.1% 36.2% 81.8%
2001 - 2.1% 4.4% 4.0% 5.0% 4.7% 14.2% 1.7% 1.8% - 6.0% 37.5% 81.4%
2002 - 2.0% 5.1% 4.8% 5.6% 5.5% 14.1% 1.7% 2.0% - 6.5% 33.8% 81.1%
2003 1.7% 2.2% 5.2% 5.3% 5.9% 5.8% 13.3% - 2.3% - 6.6% 32.1% 80.4%
2004 - 2.2% 5.0% 5.9% 5.9% 5.9% 12.0% 1.8% 2.4% - 6.9% 32.0% 80.0%
2005 - 2.5% 5.0% 5.5% 5.2% 5.3% 10.5% 2.0% 2.3% - 6.4% 34.7% 79.4%
2006 - 2.4% 5.8% 6.0% 5.5% 5.5% 9.3% 2.1% 2.5% - 7.0% 32.8% 78.9%
2007 2.1% 2.7% 7.0% 6.4% 5.8% 5.7% 8.4% - 2.6% - 6.8% 29.3% 76.8%
2008 1.9% 2.4% 6.8% 6.7% 6.4% 6.1% 11.8% - 2.4% - 5.1% 27.5% 77.1%
2009 2.2% 2.7% 7.8% 6.5% 6.2% 6.0% 10.8% - 2.4% - 5.7% 26.0% 76.3%
2010 2.4% 2.8% 8.1% 6.1% 5.6% 5.2% 10.6% 2.2% - - 5.3% 27.4% 75.7%
2011 2.8% 2.8% 8.5% 6.0% 5.4% 5.0% 12.5% 2.2% - - 4.8% 26.7% 76.7%
2012 2.8% 3.0% 8.5% 5.5% 5.4% 4.7% 10.7% 2.4% - - 5.0% 28.1% 76.1%
2013 2.6% 2.9% 9.0% 5.5% 5.6% 4.7% 8.7% 2.3% - - 5.3% 30.2% 76.8%
2014 2.5% 2.8% 9.8% 4.9% 5.0% 4.2% 7.9% 2.4% - - 5.8% 31.9% 77.2%
2015 2.5% 2.4% 10.5% 4.6% 4.8% 3.9% 8.3% 2.4% - - 5.9% 33.2% 78.5%
2016 2.5% 2.6% 10.4% 4.5% 4.8% 3.9% 9.6% 2.4% - - 5.4% 32.3% 78.4%
2017 2.6% 2.6% 10.3% 4.6% 4.9% 3.9% 8.4% 2.3% - - 5.0% 33.4% 78.0%
Analyzing of world wealth shows largest top 20 and world are as below in 2017
(Amounts=BillionUSD)
11. World N. America USA China Japan UK
280,289 101,005 93,560 29,000 23,682 14,073
Asia Germany France Italy Canada Australia
80,545 13,714 12,969 10,853 7,407 7,329
Europe S.Korea India Spain Swiss Taiwan
79,639 6,586 4,987 4,845 3,630 3,568
Africa Netherland Brazil Belgium Sweden Russian
2,499 2,692 2,545 2,499 1,981 188
Trend of world distribution from 2000 to 2017 are as below table
(Amount=Million USD)
Rank Country 2017 2015 2010 2005 2000
World 280,289 253,754 219,847 172,294 116,957
1 USA 95,560 84,182 60,856 59,836 42,334
2 China 29,000 29,000 26,769 8,632 4,664
3 Japan 23,682 21,068 23,474 18,143 19,316
4 UK 14,073 15,077 11,827 11,026 7,184
5 Germany 13,714 12,084 12,303 8,970 5,800
6 Italy 10,853 9,898 11,619 9,054 5,479
7 France 12,969 11,587 13,441 8,632 4,565
8 Canada 7,407 7,407 6,212 4,277 2,469
9 Spain 4,845 4,327 4,578 4,003 2,045
10 S.Korea 6,586 6,071 4,824 3,512 1,707
Total
218,689 200,701 175,903 136,085 95,563
% 10 top rank/world
78 79 80 78.9 81.7
12. It is sounder in the other view top 20 largest currency reserve are as:
Rank Country
Foreign-exchange
reserves Rank Country
Foreign-exchange
reserves
B-USD B-USD
1 China 3,143 11 Singapore 376
2 Japan 1,268 12 Thailand 217
3 Switzerland 826 13 Germany 200
4 Saudi Arabia 489 14 France 176
5 Russia 464 15 Mexico 173
6 Taiwan 457 16
United
Kingdom
164
7 Hong Kong 440 17
Czech
Republic
152
8 India 420 18 Italy 143
9 South Korea 397 19 Iran 135
10 Brazil 381 20 Indonesia 130
I prepared special table that shows compare between capitalization (market value) of top
50 largest corporation and 50 largest GDP Countries. This table said largest corporation
will be real governor of the world since even at present some largest corporation are
bigger than GDP of developed countries same Denmark, Swiss, Sweden, Norway and …
Compare Top large 50 Corporation and Top 50 GDP
Rank Company
Market
Value=BUSD
Country GDP=B USD
1 PetroChina 10,933.9 USA 19,390,600
2 Banco de Chile 9,599.3 China 12,014,610
3 China Petroleum & Chemical 8,967.5 Japan 4,872,135
4 CNOOC 6,409.6 Germany 3,684,816
5 China Telecom Corp. 3,841.9 UK 2,624,529
6
PT Telekomunikasi Indonesia
Tbk
3,191.8 India 2,611,012
7 America Movil S.A.B. de C.V. 1,133.0 France 2,583,560
8 HSBC Holdings 1,056.5 Brazil 2,054,969
13. Compare Top large 50 Corporation and Top 50 GDP
Rank Company
Market
Value=BUSD
Country GDP=B USD
9 China Mobile 1,034.8 Italy 1,937,894
10
Taiwan Semiconductor
Manufacturing
1,028.1 Canada 1,652,412
11 Apple 868.9 S.Korea 1,538,030
12 BP 829.6 Russia 1,527,469
13 Microsoft 659.9 Australia 1,379,548
14 Sinopec Shanghai Petrochemical 612.6 Spain 1,313,951
15 Ecopetrol 601.5 Mexico 1,149,236
16 Amazon.com 563.5 Indonesia 1,015,411
17 Royal Dutch Shell 550.3 Turkey 849,480
18 China Eastern Airlines Corp. 515.8 Netherlands 825,745
19 Berkshire Hathaway 490.0 Saudi Arabia 683,827
20 Alibaba Group 442.4 Swiss 678,575
21 Facebook 420.8 Argentina 637,717
22 Toyota 378.3 Taiwan 579,302
23 Johnson & Johnson 375.4 Sweden 538,575
24 JPMorgan Chase 371.0 Poland 524,886
25 Huaneng Power 370.1 Belgium 494,733
26 Diageo 367.0 Thailand 455,378
27 Exxon Mobil 354.4 Iran 431,920
28 Fomento Econ 336.0 Austria 416,845
29 China Unicom 324.0 Norway 396,457
30 Alphabet 314.2 UAE 377,435
31 Bank of America 307.9 Nigeria 376,284
32 Wells Fargo 298.8 Israel 350,609
33 Wal-Mart Stores 292.5 S.Africa 349,299
34 Chunghwa Telecom 274.9 Hong Kong 341,659
35
Aluminum Corporation Of
China
270.9 Ireland 333,994
36 Lloyds Banking Group 258.2 Denmark 324,484
37 AT&T 238.7 Singapore 323,902
38 Chevron 237.8 Malaysia 314,497
39 Guangshen Railway 234.9 Philippines 313,419
40 Procter & Gamble 233.1 Colombia 309,197
41 Home Depot 221.3 Pakistan 303,993
42 Intel 216.0 Chile 277,042
43 Verizon 215.9 Bangladesh 261,374
14. Compare Top large 50 Corporation and Top 50 GDP
Rank Company
Market
Value=BUSD
Country GDP=B USD
44 Pfizer 215.9 Finland 253,244
45 Anheuser-Busch InBev SA/NV 215.7 Egypt 237,073
46 UnitedHealth Group 213.6 Vietnam 220,408
47 Visa 206.5 Portugal 218,064
48 National Grid 202.2 Peru 215,224
49 Citigroup 196.7
Czech
Republic
213,189
50 Oracle 195.7 Romania 211,315
On the other hand Top 100 largest brands includes brand value, brad revenue and brnad
advertisement area s follow table:
Top 100 world Brand Value, Brand revenue and Brand advertisement 2017
Rank Brand
Brand
value$ B
Brand
Revenue $B
Advertisement
$B
Industry
1 Apple 170 214.2 1.8 Technology
2 Google 101.8 80.5 3.9 Technology
3 Microsoft 87 85.3 1.6 Technology
4 Faceook 73.5 25.6 310 M Technology
5 Coca-Cola 56.4 23 4 Averages
6 Amazon 54.1 133 5 Technology
7 Disney 43.9 30.7 2.9 Leisure
8 Toyota 41.1 168.8 4.3 Automotive
9 McDonald's 40.3 85 646 M Restaurants
10 Samsung 38.2 166.7 3.7 Technology
11 GE 37.9 100.3 - Diversified
12 AT&T 36.7 163.8 3.8 Telecom
13 IM 33.3 79.9 1.3 Technology
14 Intel 31.4 59.4 1.8 Technology
15 Cisco 30.7 48.6 186 M Technology
16 NIKE 29.6 31.7 3.3 Apparel
17 Mercedes-enz 29.2 108.6 - Automotive
18 Oracle 29.2 37.4 68 M Technology
19 Verizon 28.9 126 2.7 Telecom
20 Louis Vuitton 28.8 9.9 4.7 Luxury
21 MW 28.7 83 - Automotive
15. Top 100 world Brand Value, Brand revenue and Brand advertisement 2017
Rank Brand
Brand
value$ B
Brand
Revenue $B
Advertisement
$B
Industry
22 udweiser 24.6 11.1 - Alcohol
23
American
Express
24.5 33.8 3.7
Financial
Services
24 Walmart 24.1 326.3 2.9 Retail
25 Marloro 24.1 23.8 432 M Toacco
26 Honda 24 113.3 - Automotive
27 SAP 23.8 25.9 - Technology
28 Visa 21.4 15.1 -
Financial
Services
29 Gillette 19.2 6.8 7.2
Consumer
Packaged
Goods
30 Pepsi 18.2 9.5 2.5 everages
31 Nescafe 16.8 8.9 - everages
32 ESPN 15.8 11.8 2.9 Media
33 L'Oréal 15.6 9.7 8
Consumer
Packaged
Goods
34 Home Depot 14.9 94.6 789 M Retail
35 Starucks 14.9 20.8 249 M Restaurants
36 H&M 14.2 21.6 - Retail
37 Audi 14.1 57.6 - Automotive
38 Accenture 14 35.7 81 M
usiness
Services
39 Ford 13.8 146.3 4.3 Automotive
40 Frito-Lay 13.6 11.2 2.5
Consumer
Packaged
Goods
41 IKEA 13.5 37.3 - Retail
42 HP 13.2 98.3 586 M Technology
43 Wells Fargo 13.2 94.2 595 M
Financial
Services
44 Hermès 13 5.5 258 M Luxury
45 UPS 12.9 60.9 - Transportation
46 CVS 12.9 177.5 216 M Retail
47 Gucci 12.7 4.7 - Luxury
48 Pampers 11.6 9 7.2
Consumer
Packaged
Goods
18. Top 100 world Brand Value, Brand revenue and Brand advertisement 2017
Rank Brand
Brand
value$ B
Brand
Revenue $B
Advertisement
$B
Industry
Services
Total 338 639 28.4 -
Sources:
1. Global top 500 brands
2. ForbesTop 100 Brands
3. World wealth report 2017
4. inequality report 2017
Member of Association of Professional Economist of Britsh Columbia(APEBC)
Member of New York Society of Certified Public Accountants(NYSSCPA)
Member of Iranian Association of Certified Public Accountants(IACPA)