Economy and Business Info

Posts Tagged ‘market’

The 2nd Forum of Business Technology and Global Crossing Chile will be held on Tuesday September 28 from 8:30 to 13:30, at The Ritz-Carlton Santiago, time that will address the theme “The continuity of business, beyond the predictable. ” This is an annual event that takes place in major cities throughout the region.

The Business and Technology Forums are an instance of Global Crossing’s approach to the market, have been conducted since 2008 in Argentina, Peru and Chile and has been replicated successfully in Colombia, Ecuador and Venezuela. In Technology and Business Forums are analyzed from a broad perspective, issues related to contingency information and its effect on business results.

The forum’s aim is to disseminate and report on best practices that ensure the normal conduct of business continuity and availability of information, considering the company as a sum of human factors, technical and economic. Be discussed methodologies and management practices recommended by experts and implemented by renowned companies.

The 2nd Global Forum convened Chile Crossing executives and specialists of domestic and foreign companies of various sectors of the country. In it, participants will analyze the extent of impacts to the security of information and methodology to ensure business continuity in adverse scenarios.

Global Crossing has a presence in 700 cities in 70 countries worldwide, has an integrated IP network including key components of communication and information accessibility, security, connectivity, continuity, collaboration, consulting and on-demand services.

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.).

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.).