Dear MEL Topic Readers,
Data, waves and wind to be counted in the economy
The size of the economies of each country is going to increase in 2030 when wind and waves are included in the calculations. They are to be considered valuable resources that could generate wealth like oilfields. Also, data itself will be regarded as an asset like servers and cables. Indeed, they all have the potential to add economic value to the respective nation’s economy, like minerals and oil, if they are ever utilized. Even though they don’t generate any money for the country’s economy by themselves, there will be impacts on the budgets that are committed to a certain percentage of the economy, such as defence and aid programs. This is problematic when European countries are set to increase the percentages of their defence spending to cope with the increasing military threats by Russia. In any case, assets should be utilized to generate tangible economic value and keep the balance sheet in good shape. Moreover, wind, waves, and data can be used for a cleaner and more sustainable world.
Read the article and learn about new assets to be added to the world economy.
https://www.bbc.com/news/articles/czedpnen168o
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