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Monday, February 27, 2017

The US is still king in the $74 Trillion Global Economy http://www.visualcapitalist.com/74-trillion-global-economy-one-chart/

The $74 Trillion Global Economy in One Chart

The $74 Trillion Global Economy in One Chart

The latest GDP numbers from the World Bank were released earlier this month, and today's visualization from HowMuch.net breaks them down to show the relative share of the global economy for each country.

The full circle, known as a Voronoi Diagram, represents the entirety of the $74 trillion global economy in nominal terms. Meanwhile, each country's segment is sized accordingly to their percentage of global GDP output. Continents are also grouped together and sorted by color.

Here is the data for the Top 20 Countries in table form:

RankCountryGDP (Nominal, 2015)Share of Global Economy (%)
#1United States$18.0 trillion24.3%
#2China$11.0 trillion14.8%
#3Japan$4.4 trillion5.9%
#4Germany$3.4 trillion4.5%
#5United Kingdom$2.9 trillion3.9%
#6France$2.4 trillion3.3%
#7India$2.1 trillion2.8%
#8Italy$1.8 trillion2.5%
#9Brazil$1.8 trillion2.4%
#10Canada$1.6 trillion2.1%
#11South Korea$1.4 trillion1.9%
#12Australia$1.3 trillion1.8%
#13Russia$1.3 trillion1.8%
#14Spain$1.2 trillion1.6%
#15Mexico$1.1 trillion1.5%
#16Indonesia$0.9 trillion1.2%
#17Netherlands$0.8 trillion1.0%
#18Turkey$0.7 trillion1.0%
#19Switzerland$0.7 trillion0.9%
#20Saudi Arabia$0.6 trillion0.9%

Download the data from the World Bank. (Updated Feb 1, 2017)

From The $74 Trillion Global Economy in One Chart published onVisualCapitalist.com http://www.visualcapitalist.com/74-trillion-global-economy-one-chart/



Friday, February 10, 2017

The Uphill Battle to Turn #Argentina's Economy Around

From @STRATFOR 

The Uphill Battle to Turn Argentina's Economy Around

February 10, 2017 | 09:15 GMT

A little more than a year ago, Mauricio Macri was elected president of Argentina in large part on the strength of promises he made to jump-start the country's declining economy. But a combination of factors, including shortcomings imposed by Argentina's economic and geographic constraints, have limited the effectiveness of his ambitious economic reform agenda. His administration's initial optimism about improving the country's business climate to attract more foreign investment has been blunted by the magnitude of the problems its economy faces.

When Macri entered office in December 2015, he inherited an economy mired in recession, plagued by an inflation rate of around 30 percent and still hamstrung by the government's 2001 default on foreign debt. His first order of business was to reach a deal with creditors demanding payments on that debt so Argentina could regain access to international credit markets. The government also instituted policies that slashed energy subsidies and attempted to curb the influence of national labor unions. But progress toward economic revival has been slow. Click here to continue reading…

Friday, February 3, 2017

Deloitte report unpacks top ten global mining trends for 2017

Latest Deloitte report unpacks top ten global mining trends for 2017

There is a mood of cautious optimism in the mining industry, although the industry is still at a pivotal point, according to Deloitte Global's ninth annual mining report.

Latest Deloitte report unpacks top ten global mining trends for 2017

2 February 2017

Commodity prices are on the rise and shallow growth is returning to different end markets. In addition, most mining companies are in better cost positions than in the recent past, the latest Deloitte Tracking the trends report has found.

However, the mining industry is still at a pivotal point as it faces challenges from cybersecurity threats, technological disruption and environmental issues. Mining companies now face key choices about where to invest and how to position themselves in the coming years.

Released on Wednesday, Deloitte Global's ninth annual Tracking the Trends mining report explores how mining companies can succeed by understanding and reacting to 10 trends that are expected to impact them in 2017 and beyond. 

"Mining companies willing to engage in substantive change, by rethinking strategy and embracing disruption to help unlock productivity and improve sustainability, will likely be best positioned to succeed," says Philip Hopwood, mining sector leader at Deloitte Global. "These companies will require strong leadership, greater collaboration and adoption of a long-term view to propel the industry forward."

Andrew Lane, Africa mining leader at Deloitte brings it closer to home by saying that: "Governments of resource-rich countries are grappling with the issue of how to equitably distribute the returns from their resource endowments to investors, governments and communities.

"There are no simple answers to this. The answer lies in effective engagement and productive dialogue."

"As we look to the future innovation in mining is not just about diversifying revenues, but creating viable, sustainable streams for both shareholders and other stakeholders as mines approach end of life," Lane further notes.

The 2017 edition of Tracking the trends explores these issues and includes a range of case studies, which showcase how mining companies are bringing new solutions to life.

Most notable trend - Unlocking productivity through innovation

In an increasingly complex world driven by new technologies, mining companies are turning to innovation to fuel success. In recent years, the mining sector has invested in technological innovations such as driverless trucks, sensors and advanced analytics to reduce cost, streamline equipment maintenance and prevent safety incidents. Today, new technological advancements are rapidly driving the next wave of productivity gains. Technologies such as drones, real-time modeling and geo-coding are creating real-time, productive and functional improvements.

"To get to the next layer of efficiency gains, companies should not only adopt the technology, but create a culture of innovation that leverages insights beyond the mining industry," said Lane.

"By adopting innovations from sectors such as manufacturing, automotive and pharmaceuticals, the mining industry can enjoy the full range of benefits new technology offers."

The other trends identified by Deloitte Global include:

  • Improving shareholder value: Historically, the mining industry has underperformed in this space, with total shareholder returns in steady decline since 2011. Optimising portfolios, strengthening M&A processes, sustaining focus on cost and making long term investments are key to improving this performance.
  • Operating in an ecosystem: For the sector to realise major breakthroughs, companies will need to shift from a go-it-alone mentality, to one that recognizes the value of operating within an ecosystem.  Adopting new forms of collaboration including turning vendors into partners, collaborating with competitors and building extended partnerships can help companies achieve this goal.
  • Digital revolution: While there are a number of benefits to embracing digital capabilities, miners must figure out how to turn potential benefits into reality. To thrive in the future, companies must embed digital thinking, processes and structures into the entire organization.
  • Mapping the threat landscape: As technology permeates all industries and sectors, mining is not immune to the accelerating threats of cybersecurity. Mining companies are subject to a wide range of risks, and with an evolving threat landscape, leaders must strengthen their cybersecurity programs.
  • Creating a shared vision for the sector: To foster a shared vision for the mining sector, companies and governments could benefit from finding a middle ground that aligns interests and enhances cooperation when it comes to regulations.
  • Re-earning the social license to operate: Winning a social license to operate is especially difficult for miners in light of a number of recent, catastrophic mining accidents and as communities continue to raise concerns about the industry's impact on the environment. By lessening their environmental footprint, miners can foster the community trust needed to regain their social license to operate.
  • Supporting strategic priorities: While commodity prices have begun to recover since they began falling in 2011, following years of record profits industry leaders now understand the importance of adopting operating models that can help them respond to industry challenges and market volatility. Companies that took steps to strengthen their balance sheets in the latest round of cost take-outs are now considering how to align their operating models against these choices so they can position themselves to meet their strategic objectives and sustain their new, lower cost positions.
  • Creating healthy and inclusive workforces: Productivity improvement has been elevated to a mining industry mantra following the commodity price weakness of recent years. Companies, however, need to recognize that productivity goes beyond reducing costs and streamlining processes: mental health, wellness and diversity should also be considered and addressed.
  • Adopting an integrated approach to reporting: With governments demanding greater levels of transparency, the sector is working to strengthen compliance and disclosure practices. By standardizing information, considering the benefits of over-reporting and reviewing IT systems to ensure consistent data measurement and reporting capabilities, companies can adapt to a step change in the reporting environment.

"As companies recommit to a new set of strategic priorities, they will also need to adopt the next generation of operational approaches," said Hopwood. "The time is now for mining companies to consider new strategic approaches, transforming the way mining operates across the board."

See the article online here: