“The Old, The New and The Ugly”

The Old: 

Market restriction, non-cooperative behavior, market limitation to avoid competitiveness advantage and some other actions inside the commercial war under progress in the world is the reflection of an old behavior of old investors that cannot keep up with the new entrepreneurs. What is wrong in this way of thinking? What are the information restrictions of the world today? Today statistics as comprehensible to most of people, as several economical information are either. The miss information made by fake news is finding its way out since new informational control are under development. We’re getting used to that. This asymmetry doesn’t allow us to support or go against government actions, maybe that’s the big lesson from fake news.

Who pays for this behavior are the regular citizens, not only by goods and services costs but also and mainly by information asymmetry. I live in a closed market country, and it’s not only closed because it maintains market reserves to some industries, but it’s also closed because the universities do not offer the same courses as other international universities do. The future professionals of my country probably just will know innovative technologies when out of my country. This is just one non-direct economical reflex of the old behavior. The new professionals are limited in its knowledge and information. They remain old professionals.

The New: 

The good thing is that this old behavior is making new global players look to other countries that claim for investment despite its high investment risk, as some African Countries. That’s the good news! Promote economical and industrial catching up processes in other countries became a good business to those who are not afraid to cooperate, since the new born industrial and economical economy will find in this investor country a partner and the confidence and good relationship will be build. That’s a positive market relationship. 

We must also highlight consumption standards of those new markets and news economies that are not the same as the old countries. Those countries have a population that see change all the time, and the assimilation of novelty is faster than other places. 

The Ugly: 

Countries that despite its underdevelopment have old behavior that will increase its economical abyssal difference from developed countries and underdeveloped countries in catch up process. Most of those countries are under a populist politics that only use the government to maintain the political power of old producers (that once, a long time ago, were entrepreneurs, but today find themselves maintaining the income though political power maintenance not through competitive advantage). The population of those countries are doomed to a dark future. How long does it take to see a real catch up process? How deep are the social consequences? Are them recoverable? If you were the one in this country with a access to a better information (not education, just information) would you let your children to be raised in a place like this? Would this country have a beautiful future?