
Insolvency of Investment Banks, and conversion of surviving investment banks to traditional banking is in the works. Governments intervene to inject trillions of dollars to the money system to control volatility. The world's most populated manufacturing country has also announced fiscal policy to band-aid the suffering export-led economy. Corporates are laying off employees in tens of thousands in an attempt to cut cost and sustain in the competition. Credit is shrinking due to more stringent risk management, impeding investments in all sectors at all levels.
The day after tomorrow has arrived. Dire times call for dire measures.
Since the discovery of Americas by Zheng He, international trade has fueled global economies and has been a major vehicle for globalization. The answer to the current global economic turmoil, however, may not be found in this World. Humans should no longer limit our source of resources within the earth, but to think outside the Sphere to look beyond in the universe for business opportunities.
New terms such as Interuniversal, Interplanetary, Gross Universal Product, and Cosmic Economics will be added to the glossary of business literature. New business models and corporations will be created to capitalize on the opportunity. New disciplines, policies, governing bodies, global unions, industries, currencies, comodities, raw materials, studies, inventions, products will be introduced. A whole new World will emerge. Universalization will take globalization to the next level beyond imagination.
Interplanetary trade has been a research subject since 1978, and has been the plot of many science fictions. The day has come, and it is now for mankind to market ourselves to the Universe.
2 comments:
Very interesting... does this mean that we should start outsourcing to Mars? :)
Jenn, thanks for visiting. haha... we need to be more friendly to our alien friends... they are our customers.
Post a Comment