cord-magazine-121-baner


Cord

11mercedes-benz-logo-hd-wallpapers

PRilika2014 250x80

Expat logo

invest-ban

CorD magazine
PDF Print E-mail
The World’s Biggest Economic Problem

world-biggest-economic-problem

Deflation in the euro zone is all too close and extremely dangerous. The world economy is not in good shape. The news from America and Britain has been reasonably positive, but Japan’s economy is struggling and China’s growth is now slower than at any time since 2009. Unpredictable dangers abound, particularly from the Ebola epidemic, which has killed thousands in West Africa and jangled nerves far beyond. But the biggest economic threat, by far, comes from continental Europe

Now that German growth has stumbled, the euro area is on the verge of tipping into its third recession in six years. Its leaders have squandered two years of respite, granted by the pledge of Mario Draghi, the European Central Bank’s president, to do “whatever it takes” to save the single currency. The French and the Italians have dodged structural reforms, while the Germans have insisted on too much austerity. Prices are falling in eight European countries. The zone’s overall inflation rate has slipped to 0.3% and may well go into outright decline next year. A region that makes up almost a fifth of world output is marching towards stagnation and deflation.

Optimists, both inside and outside Europe, often cite the example of Japan. It fell into deflation in the late-1990s, with unpleasant but not apocalyptic consequences for both itself and the world economy. But the euro zone poses far greater risks.

Unlike Japan, the euro zone is not an isolated case: from China to America inflation is worryingly low, and slipping.

Read more...
 
PDF Print E-mail
Time to Create New Values

belgrad-design-week

The Belgrade Design Week (BDW) took place from 6th to 12th October in the old Staklopan factory in Dorćol, bringing together more than 20 speakers from different areas of the creative industries worldwide and presenting exhibitions of international and domestic creative and professional workshops intended for future professionals

In today’s globalised and over-saturated society, in which items repeatedly lose their character and significance, the main role of design is to create new value. It should also be considered that design is not art, but rather a very profitable business of the modern era that is based on ideas and creativity. In this new economy one can no longer sell products and services, but rather events that are created around products and services. Design has become a powerful tool because it is ubiquitous.

In a study published by the European Commission in 2006 the socio-economic impact of the new economy was measured for the first time through analysis of the cultural and creative sector of the EU. The result is a turnover of close to €654 billion a year and nearly six million new jobs. That’s why it’s no wonder that the 2014 to 2020 period has been declared the years of the creative industries by the EU. These industries are expected to help progress in all spheres of life and first and foremost lead to an exit from the economic crisis. Architecture, multimedia, fashion, visual arts, traditional crafts, publishing, media, film, advertising and performing arts have gained a very responsible position in the recovery of western economies.


Read more...
 

Appointments

New appointments


Techno Talk

Green gadgets - Home green home

Green gadgets - Home green home

With increasing awareness of the need for a healthy lifestyle, people want to know how to live better and how to do things better. Therefore it is essential that our home...

Read more in Techno Talk

Read more

Faces & Places

November 2014

Chill out

November 2014

November 2014

Folk Tale Pumpkin Village USA VISIT AMAZING PUMPKIN HOUSES Every year on the weekend before Halloween the Dallas Arboretum becomes a proper pumpkin village. This year’s pumpkin village in Dallas has grown...

Read more in Chill Out

Read more

Culture News & Events

Latest culture news


Fashion

Get Ready for Christmas Parties

Get Ready for Christmas Parties

IT IS TRUE that we are only in November, but it is also true that the festive season begins as early as 10th December and will only culminate on 15th...

Read more in Fashion

Read more

After Work

November 2014


Travel & Cousine

Upgrade Your Everyday Life

Upgrade Your Everyday Life

Going on holiday can often be your favourite time of the year. You’re filling each day with fun activities, exploring new sights, eating new and exciting food and just generally...

Read more in Travel & Cuisine

Read more