Topic: Mathematics and economy (Read 870 times)

If there is at least one university in the most underdeveloped country in the world then there must be the Department of Economics. if you fall into the economy you do not have to think about job opportunities. It is better to study economics at the undergraduate level and then move towards specialized while doing postgraduate and PhD. Because now almost everything is becoming specialized. So if you don't know about those specializations you will have to face problems later. Third world countries are dominated by both mathematics and economics. Mathematics and economy is very important for students to have knowledge of mathematics for accounting in investment and work.

Yeah, every business excels in favorable tax laws and other important aspects and if a country has bright students in mathematics or studies in general that would not matter as much as the taxation policies and the transportation cost influences.

Cheap labor and cost of electricity are among other important aspects when a company decides to open their headquarters or offices in a particular country and it is obvious that every country has good and bad students/employees so that doesn't matter as much I think. I don't know if OP is true about Samsung moving it's factories from China to Vietnam but if that's the case that might be because of the cheaper taxation there.

The environment is one of the challenges for good students to make their way through development mentally not only in math subjects but to other subjects as well. Our country is a third world country and that we can't excel that much because of not having a good support like educational activities and events that could improve the student's capability and to improve more to become more competent.

I agree that a country that has many students who win the OLYMPIC math is an investment for that country, can be a valuable asset
for the country. But the problem is that some third world countries do not provide large salaries to their citizens, so some of these
students choose to work in developed countries which provide a large income. This has happened in several Southeast Asian countries,
and in my opinion a solution should be found so that these students can work in their own country. It's the government's job to make
students who win OLYMPIC math want to work in their own country.

I agreed with what you said because companies or groups that invest in country that have huge number of students winning the Olympic award in mathematics while the country itself dont have the required resources, commended tax per production and infrastructure the investors or company will bankrupt, so OP the companies that moved to the Southeast Asian countries dont actually moved of they have numerous students that won high prizes in Olympic math.

Mathematics is the basis for business decisions and many other things, indeed the effect is not that big, but the basis of many decisions taken by the state and investors is accurate calculations, mathematics does not play a visible role, but every calculation in a decision is where mathematics lies.  I admire China which is able to develop its country into a country with a very large economy, I believe that many people in China are very good at mathematical calculations, so I think this has something to do with it.

In your words, they will be recruiting in densely populated, low-skilled and low-cost places to create their products. We need to take a scientific and valid look at the problem.



Mathematics is useful for companies because it has a role in helping to create engineers involved in programming. These individuals will become human resources for businesses, whether large or small. Math skills also serve well in the work that requires logical processes. Employers will also look at the overall level of a country's education through the awards they win to calculate factory investments. The meaning of their team here represents a country, it is the average of the quality of the human resources, not just to a specific individual.

Well, mathematics is being used as something for development but once the formula was developed, there's no need for it and the only thing you must do is to increase the production rate. When it comes to production rate, we need manpower that operates to produce. In that way, there is successful business out there that doesn't rely too much on complex mathematics for more production. You don't need a math wiz just to build a business, you need strategic workers that will make your business grow, and that will help also the economy.

Mathematics is indeed quite important, but if you ask about factories, it will relate to human resources, where there are many workers that can be accommodated, investors will always build factories there. ofcourse mathematics also plays a role here, but in relatively small portions

          economic mathematics is the application of mathematical methods to represent theories and analyze economic problems.by convention,these applied methods go beyond simple geometry, such as differential and
    integral calculus,differences and differences of equations.add to this the language of mathematics allows economists to make definite,positive claims about controversial or non controversial topics that are imposible
    without mathematics..

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country

I believe you can try to convince others as much as you want with higher level of education as a nation but as long as you do not have the proper companies that could be smart to invest, you are not going to be really good and not get the funding you are looking for.

Definitely a higher level of math would mean that those traders would be willing to work hard and would be smart enough to make a profit but if the stock market is full of bad companies that will not make money, how are they going to trade them to profit?

Also if the money you have doesn't mean as much in dollar form (low exchange rate) that means that nation can't make billions from just one company that easily and even if there is any it would be very rare. So all in all I would say country needs to elevate all together and math is not enough.

Any reference to your claims? I am sure that companies make their manufacturing in southeast Asia because of the cheap labor compared to their country of origin. They would turn bigger and make their margins even larger with outsourcing and transferring their manufacturing to another country. That’s the finance part.

Some manufacturing companies are also moving out of China because of the pandemic. I don’t think that it’s about mathematics but it is the overall education achievements by The citizens there. They don’t have to send their own for a long time to train. This so-called ex-pat.

But technology based companies do not require cheap labor because all they need is educated young people have have the motivation and ability to lead the company. I mean yes if we were talking about an industry that produces products like iron, steel then sure they would need cheap labor and a location that is rich in resources and provides easy transportation.

Maths and Economy should not have a relation but quality education and economy have a deep relation so maybe a country where more olympiad's are done attracts more people because it certainly shows that the country has higher emphasis on education and that directly relates to the economy.

There's no correlation between the two, but in a way that Mathematics can create a person which is intelligent and smart in a technical way.

Mathematics can make engineers, teachers, and etc., to build a better world for a community and the economy. Math Olympics is a good way of making and building students or individual to improve their problem solving skills which is really necessary in a job. It is just happens that mathematics is needed in an economy and as an Olympics to test people's capability of doing it while they are in the industry.

Certainly, the maths are trying to break out of the country and find an academic environment that matches their abilities.
I'm just talking about the ability to consider the investment. The number of award winners also reflects the rest of the nation's education.
China is being withdrawn from investment capital due to the order of the US government.
I agree with you on a variety of health views, award-winning athletes, and obese people. We should only consider such a relatively accurate youth.

This does not make any sense at all. I can not even see the connection between mathematics and the economy while reading your current post. Factories do not need OLYMPIC math winners. They only need productive and honest workers at a cheap price.

The reasons why many factories are moving out of China are the trade wars between the USA and the unfair tax they are making over the world. For better economic equality, countries from over the world are avoiding working with China even though this means they will have to spend more money on workers as well as new facilities and infrastructures. Well, I do appreciate these actions since China has been marginalizing other parts of the world for many years. They have been played with their own rules for a while and this time they have to pay for it

Not even close to reality, check the results.
The top countries in Europe for example are Russia and Serbia, nobody is rushing to invest in them, rather then that you should think of the good results are people desperately wanting to learn to get out of there.


Again contradiction, as China scores better than Vietnam and Malaysia is at the middle bottom.

Second, nobody really gives a damn about those scores, it's like the Olympics in sport, the USA is getting so many medals and yet the obesity rate in its population is disastrous, same with math, they are second in the ranking, does it means all Americans are 4 times better at math than germans? Youtube disagrees  


No, it does not.
When it comes to all students and not the elite ones studies are placing Finland first, in the Olympics Finland is placed below Uzbekistan or Moldova or Peru.
I assume you're not going to say schools are better in those three.

OK what of a situations were buy the country refused to welcomed their company investment, does it mean that such company can't established. Because I have seem a country their government policies does not deprived investors to established.

Shall you are making a point via your perspective or point of views, because their is numerous ways to established even though such country refutes your services based on their policy, you can seek for another investment that sort to their policy of the country provided that you really wants to establish with them.

This has nothing to do with winning math olympics and everything to do with the cost of labor. As China's economy continues to progress, labor becomes more expensive. So companies will continue to do what they've always done since the advent of the industrial revolution and move a location where the labor is cheaper. Vietnam and Malaysia are the new China. When those economies develop, you'll see manufacturing seek less developed economies to exploit.

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.

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  .

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.

I only make predictions, I have no guarantee that they will be invested. I am aiming at the importance of education and economic investment.


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.

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.

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.

It makes sense because instead of paying the workers at a high fee, the factories can spread their branches in other countries, especially in developing countries. So they can cut the cost of paying the workers while they can get more buyers from those countries. It is a strategy from the big company, and it happens for a long time ago because they realize that only by doing that, their company can grow bigger in many countries. With the pandemic still with us, this company is still trying to operate, but they use strict health protocols because they don't want to see their workers infect.

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.

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.

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.

Dude, computers solve complicated problems, but they're a human invention.
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.


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.
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.

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.

The degree to which nations pursue fields like science or engineering is influenced by culture. Nations like japan with massive followings of (science fiction based) anime have a huge collective interest in pursuing science and engineering. The united states has long debated how it might encourage youth to become more interested in science. So that america need not rely so heavily on foreign countries to fill science and engineering jobs and can reduce the degree to which specialized technology needs are outsourced to foreign nations.

It might be said the USA is falling behind russia in terms of developing emerging defense technology like hypersonic missiles due to america's mainstream negative view of science. This could be changing to a slight degree thanks to DC and marvel comic movies making youth interested in fields like math and science.

I think it is important for world powers to have a good base of math and science. The US has greater flexibility thanks to its massive capital and investment base. But it could be falling behind.

Most of the geniuses and mathematicians I know doesn't attract any countries at all but they get interested on facing their lives straight ahead with what their skills can bring and that usually lead them to live in other countries like US that could give them more job opportunities to continue what they are doing or improve the skills they've learned here in the country.

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.

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.

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.

Every country do everything possible to improve their economy and other important that will keep their citizens not to feel hardship in the environment. Before any investors will invest their coins in a particular place thorough research must be carry out to know if they will achieve profit in that environment.
Not all countries need math Olympic to survive in their country because it is made for those who are student or graduate they can participate in such program which such program cannot end a country hardship.
Economy can make a country popular, for the way it was arrange by the economy planner to benefit the citizens of a country.

Cheap labor is the part, but we need to consider a higher level than managing and participating in some knowledge work. They will not accept idiots creating something as important as branding and intellectual products. Math Olympics reflect a country's high school education. It is the next generation of workers in a country. Southeast Asian countries have won many consecutive years in these competitions. That also reflects the quality of their education.
Look at poorly educated countries, how much are they invested in the economy?

I will prove to you that what I say is true.
First, watch the video of the countries with the most math Olympics medals:
https://www.youtube.com/watch?v=38xeYPAUPd0

Top countries with the most FDI inflows from abroad.
https://www.visualcapitalist.com/mapped-foreign-direct-investment-by-country/

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.
And look at African countries, they don't have a lot of achievements in education and little money poured into them.

My deductions not only all the countries with gold medals in the Olympics are invested with high FDI.
Many other factors are remaining such as location, the infrastructure, government policies, population structure, and economic size.

I think he's right. A country's economy reflects the quality of education. Mathematics helps advance other sciences. My physics teacher said that thanks to mathematics, physics has gone as far as it is now.
Look at the leading economic countries in the world such as the US, Germany, China, Japan, they have many gold medal students in the Olympic study, and the FDI inflows into those countries are very high.

There seems to be no correlation between the number of math Olympiad winners and the investment decisions of large companies in Asian countries.  But if what the OP meant was that the many winners of the math Olympiad were a real form of improving education in a country, then this could be one of the reasons investors are interested in investing in Asian countries.  Another reason could also be due to lower labor costs in Asian countries than in developed countries.  This will provide benefits for both of them.  Both investors and the country itself.

You may have a point but I guess you are probably wrong. Large companies, especially those which are involved in manufacturing and assembly, are not looking for brilliant workers. As a matter of fact -- I beg your pardon if I may be blunt in my words -- these companies are looking for dumb, poor, cheap, helpless individuals. They are looking for a large workforce which they could pay even below minimum wage for a whole day's tiring and boring job. They are looking for human robots who just follow instructions and work and work and work and do not complain all in exchange for a meager pay. 

Does Math Olympics really matter to them because I see no correlation? Investors decided to invest in Southeast Asian countries because they see that it will be worth it, and there's probably a lot of reason behind that but not because of math international contests.

The majority of Samsung phones that are being manufactured are in Vietnam because of its low labor cost, not because of students winning the math Olympics. I want to know where that idea comes from but it's still a good thing that Southeast Asian countries can also lead in Math Olympics which they can be proud of.

It is about the consistency and the government policies for that country. If the companies who are looking to invest their manufacturing or any sector that they are operating with agrees to the policy of that specific country, they're likely to invest on it.

One conflict is the government policy which is subjective and not favorable to those companies and that's why some companies are not pursuing to invest to those countries if they see a barrier for their business. Those achievements in competitions, sporting events or any reowned recreational activity also helps.

Perhaps the OP is trying to draw the conclusion that education growth affects economic growth. Education relevant to technological advances drives the acceleration of development, and mathematics is considered the basis of technology and describes the level of intelligence.

In many countries, the government's attention to the development of the education sector is very large, seen from the political commitment of the education sector budget that is not inferior to other sectors, so that the success of education investment is correlated with progress in macro development. The main function of educational institutions in relation to economic life is to prepare young people to fill productive employment as human capital investment and become a "leading sector".

Nowadays, the development paradigm which refers to a knowledge-based economy seems to be increasingly dominant. Economic progress rests on the support base of science and technology. The causal relationship between education and economic progress is becoming increasingly strong and solid so that education becomes the main driving force for the dynamics of economic development, driving a long-term structural transformation process.

Smart measure is not just being able to solve academic problems on paper. Smart students are those who are able to apply various learning theories, especially mathematics, as a method for solving everyday problems. But in the relationship between two countries, mathematics is used to calculate the profit and loss in diplomacy, not as standardization of assessment.

It is not necessary to have a good grasp of all the subjects to prepare before studying in economics when i read the most useful knowledge of mathematics and economics since almost all good books on economics are written in english things can be easily mastered if you are fluent in english. And since there are so many uses for statistics and numbers in economics the foundation of numbers needs to be solid not that it has to be very good if you don't have a good idea about math investing will be a problem this requires adequate calculation.

I also think they truly invest in those who have the knowledge and allow them to achieve their goals in life because they could also use their ability to work on their companies. Samsung, Apple, and other tech companies might be moving from South East Asia countries like Vietnam and Malaysia because they could minimize their expenses in producing their products that materials in those counties are cheap.

they invest on those knowledge of this people because they know that those wizards are going to achieve more in thier life with the skills and talent they have . math is the hardest subject in my opinion and computer coding can be related to math . with that thinking they have , they can also fit in other more easier fields but i dont think those geniuse people will accept minimum fee or salary if negotiate for working on the said companies  . they are extra ordinary so the pay should be extra ordinary as well

I don't think that Math is the basis of investors to invest. And going to join math Olympic is supported and bugeted by the government because it was an international event that represent every country. Also investors is more after the knowledge about modern technology. Samsung maybe moving to a countries with lower labor fee to minimize their expenses in the production of their products.

That is what I am thinking of too, there are no data to support his claim. Maybe OP can put it up when he/she sees it. I have theory on what OP meant, the more people that are inclined on the STEM in a country is, more companies will favor them because they offer more workforce that is in relation to development. A little psychology will demonstrate my point, if my workers are smart and that means that my company will have an increased chance in pioneering a new technology or making an advance iteration of what is currently available in the market. The chances will be low but I don't think letting the oppurtunity pass by is the rational thing to do.

And all because some of their students are winning in math olympics? I don't know where you get this far-fetched idea but it seems a little ridiculous to me. But you may have the hard unequivocal data that would support this, right? If you please present them here and expound on it a little bit.

I cannot imagine a huge multi-billion international company board meeting discussing about how many students won in the most recent math olympics, their nationalities and where they came from, and eventually deciding to move their manufacturing in those countries simply because of that.

The trade war between USA and CHINA are getting worst and USA is making pressure for the US companies to stay away the economic zone of China and I don't know how this thing can affect the economy of China and how the prices of these products move.

Honestly, I don't know how to connect the Math wizard with regards to economy and building businesses into that country, all I know is that Bigger countries are leaving China and this is a clear result of the Trade war. If we say that the most winning Beauty pageant title in Asia is the Philippines, then businesses have to grow on that country which I think should not be connected on how the economy works, this is just my opinion anyway.

A country with good source of young generation talented people can bring the economy up but this only not enough because they need to have a leader who appreciate and help the country to be in better position because they have all the resources to become one.

Companies are moving to the countries you mentioned just because the cold war between China and USA because these are alternative countries where they can find work force for lower wages.

Nothing to do with mathematics. Company move to cheaper country, for manufacturing precise high tech components.

I don't know what economics has to do with the many student who have won the math Olympics in term of investing. Investor want a return on what they invest and I think Vietnam is a country experiencing economic growth and this could be a factor for companies moving there. The minimum wage paid to worker between China and Vietnam also played an important role in the company's move to Vietnam. For developed countries, each company must pay a high minimum wage to worker and is different from the salary received by workers in developing countries such as Vietnam.

Do you have any evidence of the relationship between the countries that won high prizes in Olympic mathematics and increased investment in them? Many countries are looking for talents in the form of grants and loans, and companies are looking for good labor with cheap costs and lower complaints in order to obtain cheap products that are able to compete globally.

With COVID-19 and the increase in unemployment, many companies will employ citizens from first world countries, even if it costs them to pay more.

The presence of samsung, iphone etc had improve the technology of phones in china. China now had the highest traded phone in world even with all the reaction on USA to reduce the adoption all over the world. They also produce more phone models with high ends that can compete with iphone etc around the world. Moving the vietnam and other Asian countries may not bring the solution they expect, more competing companies will come from the migration that will affect the income of workers in the long term.

Trends or what trending get more interest than any mathematics competition will get, and if this trend is profitable then investors will invest.
I would use a popular reality TV show in my country and a big mathematics competition, both which are televized live mentioning their names is of less importance to what am illustrating,
The reality TV show is one of the most watched program while many don't even know the mathematics competition show exist and more sponsorship are going to the former because its what's trending.

Economy is more that just mathematic, its everything that's can profit it
+tourism
+human resources
+nature gifted resources
And many more

which one actually wants to know and ask the members here.
Olympics or Samsung.

What is the relationship between the Olympics and Samsung, I am confused about your topic.
You mix electronics with students.

I have a reason for your question about the Samsung factory moving to Vietnam, the most powerful reason they moved is because the import tariffs imposed by the United States are too high, almost 25%, they believe this is burdensome for one party, higher than companies that invest if it cannot be avoided.

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.

...I don't think any investor cares about how countries fair in the Math Olympics. Honestly I doubt investors even care much about a country's education system.



China's workforce has become more expensive due to their economy catching up big time, so moving production out of China is probably due to labor being cheaper in South East Asia. Worries about industrial espionage are likely also a factor.

Very simple : this doesn't happen
What happens is:
The people usually are paid more in a rich developed country and therefore they usually go there for jobs and gets settled. At the same time it's not just one or two people but rather, the experts , the people who the government invested so much into for the education and well-being. But at the same time if they don't do it their talents remains unrecognized.

At the same time the big companies not only invest because of the brains but actually because of the low minimum wage that they would have to give to the workers, it's all about profits!

Plus am not really sure about the maths part but yes it works for Asia, most people are intellectual back here.

The maths Olympics is international!?

It probably depends on what they're doing also because maths and analytics skills don't go hand in hand nowadays with software development and similar (I don't remember what the tests were on).

Also China is at the 20th century US kinda phase, they might be seeing less outputs in items (factories moving to neighbouring countries) but a similar amount of cash flow due to an increase in value of smaller numbers of items exported.

A country with many students winning high prizes in OLYMPIC math will get more attention and those countries will be considered for investment.
Southeast Asian countries are being invested in inflows of FDI inflows that have increased dramatically in recent years due to the number of students winning the OLYMPIC award in math.
Samsung is moving its factories from China to Vietnam. iPhone manufacturing factories are considering moving to neighboring countries Malaysia and Vietnam.