Topic: Mathematics and economy - page 2. (Read 870 times)
Those people who win the OLYMPIC will have a good future because for sure there would be many opportunities that will come to them after winning, winning in OLYMPIC means that you are really good and there are many companies who are looking for that person to work with them. This would be better if you add the link or the source where you get that information do we can believe that there is a good relationship between the increment of the investment and the winning to the Olympics.
Maybe that correlation that companies do move in and invest into countries where there is a high rate of Mathematics Olympiad are out of mere coincidence or just so happen that those companies do really intended to do that for having great minds when it comes to Mathematics are good for business ventures. It was really pretty nice how wise those companies are for getting into such countries with that capability for they do know they could make it through offering job opportunities and at the same time hiring efficient and productive employees that are good at Mathematics so they could help on the sake of the company's productivity.
Well, mathematics is one of the keys to the success of the economy because it plays a great part in terms of statistics but I doubt it will be the basis to define what a great economy is. My country already one in an international mathematics competition but still our economy is not that great. I guess countries that have a good manufacturer and the workers have a quality education will be getting more attention than those who are just good in mathematics. In technology development, to make things possible, we need good plans, workers, and tools to make things work, it's divided into different departments.
Yes exactly and actually good economics and more industries and companies will move in your country if the taxes are viable and the policies are favorable because winning a Maths Olympiad does not matter really.Someone once said, English is just a language not the measurement of your intelligence similarly winning Olympiad just means you are good at a particular subject not the measure of your intelligence
.How can be mathematics Olympiad be related to the development of the economy or the reason why certain companies are moving out to invest into countries where there are high rates of mathematics Olympiad?
I was wondering the same but maybe winning Maths competitions means there are more talented people in the particular country and hence everyone wants to hire such guys for their company but it does not make perfect sense though and I would also like to see some data about this. Usually at this point I'd say that correlation does not imply causation, but looking at the data there's not even correlation.
Let's take the examples of USA, China, Germany and the UK.
So the USA and China are both in the top 2 spots of both Math and foreign investments. Sure. But they are also the countries with the largest economies and the highest population. Also in the last 10 years China has won more mathematical competitions than the US yet China sees only half the foreign investment. According to your theory foreign investment should be at least equal.
Next, what about Russia? In the last 10 years they have won more gold medals than Germany and the UK combined. Yet in terms of foreign investment they lag behind Brazil, Netherlands, France, Germany, Switzerland and many other countries.
South Korea. Won even more math gold medals than Russia in the last 10 years. Yet it has even less foreign investment than Russia.
And looking at the long term picture, let's not even talk about the USSR.
South Korea. Won even more math gold medals than Russia in the last 10 years. Yet it has even less foreign investment than Russia.
And looking at the long term picture, let's not even talk about the USSR.
Russia and South Korea have high latitude and are not favorable for the circulation of goods. Russia does not have a good seaport or a good environment for industrial investment. Korea has large companies and plays a large role in the national economy, no foreign business can compete with them in their home country.
Their manpower serves domestic businesses.
Their economies are closed, making it difficult to be profitable investing in these countries.
Mathematics is importance for calculation and statistics but it doesn't mean that it will be the basis to have a good economy. I think countries with diligent workers with more advance technology is more superior to raise a productive economy than those with people only know how to solve equations and count numbers.
Investors don't need educated people in countries they are going to invest and it doesn' matter for them (I don't mean if an investor is going to launch a scientific lab and do researches). This task is also very universal for each business type but what matters the most for them is cheap workers. If I have to pay $100 in my country to an employee, I will pay $10 in your country and I make huge savings + huge profit. Finally, my products get cheap and become easy to sell. Also, not only products but services too, some companies that offer customer support service are choosing cheap countries to launch their business and offer this digital service from that location. They are able to find cheap employees that meets their criteria for job.
Everyone who is not only good in Math but great in his profession and is talented, doesn't stay in countries like Vietnam and others, they go out from it.
Everyone who is not only good in Math but great in his profession and is talented, doesn't stay in countries like Vietnam and others, they go out from it.
On the internet I did not find anything related to the Olympics of mathematics and economics. Whereas I did find an article about the iPhone factories in China that are back to normal due to the pandemic as of May 15th. In these factories they advertise that there is a great production but a frail economy as we naturally expect it. I also agree that human resources are valuable in Asia.
As far as know, it is like a competition in math, here in our country we used to call it Math Olympiad.
With the current situation that we are in, despite the reopening of these factories, consumers are still on the verge of dying. People are now buying a lot of things and I don't think it would be that easy for them to buy these technologies as they won't use it that much. If they do, let's say for online classes, I think people would buy the cheaper ones.
On the internet I did not find anything related to the Olympics of mathematics and economics. Whereas I did find an article about the iPhone factories in China that are back to normal due to the pandemic as of May 15th. In these factories they advertise that there is a great production but a frail economy as we naturally expect it. I also agree that human resources are valuable in Asia.
The Internet may not have topics similar to this but I am sure they will be relevant. The Mathematical Olympiad reflects a country's education. If they have many good students, their country's education is getting better and better.I observed that China and the US are the two countries with the most gold medals and they are the countries with the most developed economies.
Of course, there is no absolute relationship between economics and mathematics.
Well, mathematics is one of the keys to the success of the economy because it plays a great part in terms of statistics but I doubt it will be the basis to define what a great economy is. My country already one in an international mathematics competition but still our economy is not that great. I guess countries that have a good manufacturer and the workers have a quality education will be getting more attention than those who are just good in mathematics. In technology development, to make things possible, we need good plans, workers, and tools to make things work, it's divided into different departments.
On the internet I did not find anything related to the Olympics of mathematics and economics. Whereas I did find an article about the iPhone factories in China that are back to normal due to the pandemic as of May 15th. In these factories they advertise that there is a great production but a frail economy as we naturally expect it. I also agree that human resources are valuable in Asia.
How can be mathematics Olympiad be related to the development of the economy or the reason why certain companies are moving out to invest into countries where there are high rates of mathematics Olympiad? Is there any proven statistics or information to prove the relationship of the two? Maybe it just so happen that it is a coincidence that certain companies are moving out into such country because of the man power output it can produce that on the same time they are having a high rate of mathematics Olympiad. I think it is not barely because of the students but the capacity and capability of the people is the reason why companies are investing into such countries.
maybe because of the rapid development of Vietnam and also high human resources so that many giant companies in the world want to open branches in Vietnam.
Samsung is moving its factories from China to Vietnam.
Companies are moving factories to countries where workforce is cheaper. It is that way fro over 50 years. But now with this pandemics this move will slow down, since countries realised they need to produce at least some essential things fully at home. Robotic will drastically hep with this.
Another factor is the current market competition with brands (Huawei, Xiaomi). Market conditions have fallen sharply in sales and profits, what I have explained above is an open secret.
Samsung is no longer available in Beijing / China for now, competition and policy.
Samsung is no longer available in Beijing / China for now, competition and policy.
Whoa! That's controversial but it is true.
This shit will happen if China wants to be the biggest salesman/country in the world.
Delay production of things that they don't own. i.e. Iphone and Samsung.
Then, mass produce things that belong to them.
That could only be the reason for the recent change and not about mathematics or olympics.
First of all iPhone is moving its manufacturing and not anything else, and they are moving it mainly to India as well not Vietnam, sure they are moving some stuff to Vietnam but most of the production is moving to India.
When one nation wins math Olympics they do not get all the jobs or every sector, they get more attention towards financial sector and get investments from there, and this is not just based on one or two, it has to be a national thing and financial sector needs to be working properly there as well.
Why do they invest to them? Because, if they have a great base with high level of math knowledge and already built the business and managed to take it to a level, with billions of dollars invested they could become even bigger and that investment would profit them.
When one nation wins math Olympics they do not get all the jobs or every sector, they get more attention towards financial sector and get investments from there, and this is not just based on one or two, it has to be a national thing and financial sector needs to be working properly there as well.
Why do they invest to them? Because, if they have a great base with high level of math knowledge and already built the business and managed to take it to a level, with billions of dollars invested they could become even bigger and that investment would profit them.
Samsung is moving its factories from China to Vietnam. iPhone manufacturing factories are considering moving to neighboring countries Malaysia and Vietnam.
I did not understand the correlation between students winning OLYMPIC award in math and the movement of these factories to other countries, it is not just Samsung and Iphone moving to other countries from China but Google and Microsoft and other major countries will be moving and the real reason for the move is the trade war with China and the recent pandemic outbreak and they are looking for countries to set up their manufacturing unit which is favorable to them but it is not that easy to move everything completly.I don't either understand what connects the mathematical excellence of the students winning OLYMPIC award between the moving of factories of Samsung from China to Vietnam. I don't also think that this company will consider the excellence of the students of one country to be able to say that this country or place was a good place for its production. I thought that maybe the reason why they move out their factories from China to Vietnam was a man power fee.
I find the countries that receive the largest amount of investment are directly proportional to the number of Olympic gold medals they get. For example the USA, China, Germany, UK.
They have developed countries and have the education and working environment at a professional level suitable for creating high technology, high economy.
Other countries that receive moderate FDI capital are developing countries such as Vietnam, Thailand, they receive lower investment because they do not have enough standards to invest like the big countries I mentioned. on.
They have developed countries and have the education and working environment at a professional level suitable for creating high technology, high economy.
Other countries that receive moderate FDI capital are developing countries such as Vietnam, Thailand, they receive lower investment because they do not have enough standards to invest like the big countries I mentioned. on.
Usually at this point I'd say that correlation does not imply causation, but looking at the data there's not even correlation.
Let's take the examples of USA, China, Germany and the UK.
So the USA and China are both in the top 2 spots of both Math and foreign investments. Sure. But they are also the countries with the largest economies and the highest population. Also in the last 10 years China has won more mathematical competitions than the US yet China sees only half the foreign investment. According to your theory foreign investment should be at least equal.
Next, what about Russia? In the last 10 years they have won more gold medals than Germany and the UK combined. Yet in terms of foreign investment they lag behind Brazil, Netherlands, France, Germany, Switzerland and many other countries.
South Korea. Won even more math gold medals than Russia in the last 10 years. Yet it has even less foreign investment than Russia.
And looking at the long term picture, let's not even talk about the USSR.
Unfortunately we are not going to need mathematicians for the future development because we got super computers which can execute a complex calculation in minutes which may take years for a normal brain to do (just talking about the calculations which normally the mathematicians do).More the people then there will be less demand for them and nothing more to be honest.
The essence of mathematics is thinking, thinking will create new mathematical works. Current smart contracts also derive from game theory. Equilibrium theory in mathematics applied to economic agreements.
Why do we deny their role? We build supercomputers, but human-made computers and load calculation tools into them.
I have not seen a developing country that despises the role of education.
A country with a lot of student winning Olympic math does not guarantee that its economy will develop, It is evident that many students
from Southeast Asia who won the Olympic Math country are still in the third world country. The economy is not assessed in terms of
mathematics, to make the economy develop rapidly it requires state leaders who can manage human resources. natural wealth, tourism
and taxes.
Ok, they're growing and they're small nations. You need to see that these countries have high average annual growth rates. They are also emerging in regions and continents.from Southeast Asia who won the Olympic Math country are still in the third world country. The economy is not assessed in terms of
mathematics, to make the economy develop rapidly it requires state leaders who can manage human resources. natural wealth, tourism
and taxes.
I have stated in my post that these countries are under consideration of investment.
You should not compare the economic sizes because of their historical development, as well as the area and conditions that are completely different.
I consider them only at potential levels in the future.
Of course, economic development needs many different factors to consider.
We need to consider factors such as health, education, politics, policy, geographic location, demographic factors, infrastructure ... to decide to invest in a country. I think many countries can develop well, but they still cannot develop if their education is weak.
A country with a lot of student winning Olympic math does not guarantee that its economy will develop, It is evident that many students
from Southeast Asia who won the Olympic Math country are still in the third world country. The economy is not assessed in terms of
mathematics, to make the economy develop rapidly it requires state leaders who can manage human resources. natural wealth, tourism
and taxes.
from Southeast Asia who won the Olympic Math country are still in the third world country. The economy is not assessed in terms of
mathematics, to make the economy develop rapidly it requires state leaders who can manage human resources. natural wealth, tourism
and taxes.
Mathematicians are great but unless it is an inventor, I don't think people would invest in it.
These geniuses may have been representing their countries through math competitions but I don't see why people from other nations would invest money from them. Unless it is an invention that could make a profit or a technology that could be used to develop or improve a system, I don't think they would care. A math wizard won gold in a recent math competition, "ok give them money and fame for a period of time", that's it.
These geniuses may have been representing their countries through math competitions but I don't see why people from other nations would invest money from them. Unless it is an invention that could make a profit or a technology that could be used to develop or improve a system, I don't think they would care. A math wizard won gold in a recent math competition, "ok give them money and fame for a period of time", that's it.
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