Innovation occurs at 1 million miles per second. A few months ago Apple announced the latest iPhone 5S. The new iPhone had innovative features evident in personal security and biometrics. Exhibition of revolutionary, simple and revolutionary venture including humanity and the intimacy of the technology. A basic paradigm of the economy is indispensable immediately after the impediments to innovation. Economics: We are all blunt subjects that we learned in the form of "micro" at school. Macro & # 39; Economy.
The truth is that clearly the economy is everywhere. Even if you are sitting in a microeconomics class, you probably had a fantasy of some form of economy. It is multidimensional social science built into the essence of human beings. We take opportunity cost of non-economic situation, analyze cost and benefit, and weight investment. In many cases, we will not consider the impact on our financial wealth. An Alzheimer's economist believes in a joke that Alzheimer's disease may not be the same as an old man who just began with a calculator all day, but in reality it can actually solve a larger world problem indeed .
Recently I began to think about the speed and extent of innovation that the society of leaders has achieved today and the reason why I did not solve one of the problems of the great world. In addition to mitigating problems in the world we are faced with regression and further damage. I understand that it sounds like a lot to hear. However, if infinite funds are available for the purpose of solving these problems using a realistic problem solving approach, it will have little impact. Copenhagen consensus groups the most important world problems in the following categories.
• Armed Conflict
•biodiversity
• Chronic diseases
• Climate change
• education
Hunger and malnutrition
Infection
• Natural disasters
• Population growth
• Water and sanitation
• Corruption
• Trade barriers
In addition, Copenhagen consensus shows how to significantly reduce, prevent, and solve the effect of the problem.
Clearly, economic theory has the depth to be used in macro problem solving technology. It has already been clarified with our personal problem solving method. In other words, in order to improve the global problem, tools such as per capita GDP, monetary value, intrinsic value should be used. GDP per capita is a widely prevalent tool that helps to define areas of economic health at a given time. Monetary value is the most comprehensive way to quantitatively evaluate with wealth. An intrinsic value can be used to quantify abstract components of a given situation. Economists can prioritize solutions to problems in the world using both per capita GDP and monetary value. How do economists prioritize? Emotional, cost-effective and practical reasoning is an important factor for economists. priority. It may sound like an insensitive approach of interest to the problem, but it is an answer that affects global issues. Ultimately it will be best to handle the problem with techniques similar to business processes.
First, in order to prioritize each solution, economists will analyze the impact of each problem on per capita GDP. For example, chronic diseases will have higher priority than climate change. [primarily] The amount of death it brings; climate change has a relatively low impact on per capita GDP. Furthermore, problems such as climate change are more difficult to solve, as the number of changes that humans can make to reduce the cause of artificial rise such as air pollution is limited.
Approach to each problem at the present time is consistent with prescribing anti-inflammatory drugs, not a complication, a doctor's approach to supporting arthritic patients. The United Nations contributes approximately $ 140 billion to intervene in the armed conflict situation in certain years. The benefit of the intervention is about $ 404 billion. Therefore, in terms of investment, the profit is about 264 billion dollars in monetary wealth. However, as with all investment derivatives, we must analyze the intrinsic value of the investment. I believe that they simply intervened. The population that people died is proportional to the decline in per capita GDP, there is a risk that the problem will recur, there is no possibility of expiration of 140 billion dollars with supplementary problems. The incidental damage associated with the current approach reduces the original value and reduces the value of the investment altar.
Are there any good ideas? Research suggests that cautious expenditure of Copenhagen Accord & # 39; $ 56 billion can prevent armed conflict. This will bring $ 606 billion in profit. Therefore, the cost of armed conflict with this approach is $ 56 billion. The profit is $ 550 billion. Not only will the cost benefit analysis grow bigger, but the essential value of investment will also increase. A precautionary approach to armed conflict saves lives, increases per capita GDP, eliminates the possibility of problem recurrence, and reduces costs by $ 84 billion.
The simple concept of adopting the basic economic paradigm is the key to providing a solution and an impactful action to address the world headache problem. We do not need to find a cure for infections - we only consider the most cost-effective way and take precautionary measures. By accepting this simple intuition, we can give peace of mind to today's people with less cost than strictly maintaining the standard of living of the countries of the world today. After all, the intrinsic value to alleviate global problems is greater than the negative externality faced in prescribing anti-inflammatory drugs. Sometimes the most profitable and revolutionary archetypes are simple and intuitive.
