Economy and Business Info

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The Programmed Support and Enhance New Entrepreneurs (C-ENTREPRENEUR) will open a new call in the department of Salt from 4 November to 3 December. It is aimed at those seeking to make your business idea into a profitable enterprise. The program finances the way of implementation of an initiative by business management training, assistance in formulating your business plan and support in the first months of operation. The 4 / 11 will be a presentation at Government House Department (Uruguay 202) at 19h. “Timely start-targeting and the general media.

C-ENTREPRENEUR invests in ideas, projects of Sees that want to start a new business or even in companies that were recently created and seek to consolidate. The program’s form, advice and guidance to achieve their business ideas. Through training, strengthen enterprises to work and endure over time. This call for C-ENTREPRENEUR is aimed at young people resident in the department of Salt, may participate individually or in teams.

The program finances the entrepreneur and not the venture, is made an investment of approximately U.S. $ 80,000. – Per project. Entrepreneurs formulate a business plan, a tool that allows them to evaluate, implement, monitor, communicate your business, and get support, investors and financial management. A plan is a reflection on the viability of their ideas and has a strategy to define and carry out the implementation of the company. C-ENTREPRENEUR training in management and enables a better understanding of the economic and facilitating their influence to anticipate problems.

In economics there are many theories, many models and many good ideas. But one of the fundamental and foundational ideas is the idea of the market. I dare say that almost everything written in talking about market economy. Depending on the time you write more about how markets work (Marshall, Walras, Pareto), about how markets fail (Robinson, Sweezy, Chamberlain, Keynes), on how interrelated markets (Arrow, Debreu), about how companies serve as substitutes for the organization through the market (Coase) about how the state can mimic the market (Lange).

Then further research on some particular markets, eg markets with asymmetric information (Akerlof, Spencer, Stiglitz), auction (Milgrom, Weber, Bulow, Klemperer) financial markets (Markowitz, Sharpe, Fama), market Interbank credit (Allen, Freixas, Rochet), non-traditional markets as the market for drugs, crime, marriage (Gary Becker), money market (Friedman, Baumol, Tobin), political market (Schumpeter), lobby market ( Mancur Olson) and the list could go on but my knowledge is very limited. Even in the old theories of development of the 60’s basically what we had was an idea of how the markets failed. For example, declining terms of trade of Prebisch-Singer was due to productivity gains and result in high wages in industrial goods and low prices on primary goods.

Going back in time, the division of labor in Adam Smith was possible because there is a market in which to exchange goods. Ricardo was spent applying the same concept of “profits of the division of labor”, but at the international level comparative advantages. Marx himself devoted an entire volume of capital goods circulation.

The market as a concept is everywhere. The idea of the market as a starting point for the analysis of all reality. The basic question facing any study of economic problems (egg pollution) is why it is a problem (which is the optimal level of toxic emissions?), Why private agents can not reach that level in a spontaneous and voluntary (externalities in this case), and how we can solve (Pigouvian taxes, carbon credit market, regulation and penalties, etc.).

Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV