Arzu ALVAN

Category: Uncategorized

  • Cashless Society

    In the information economy, the digitalization of money as in production systems leads to a gradual decrease in the use of cash in economic transactions. In fact, it is costly in cash production, transportation and storage. In the Figure, the increase rates in non-cash transactions in major countries between 2015 and 2016 are given. The country with the largest decrease in cash usage is Russia with an increase of 36.5%, followed by China with 25.8%. In the USA, this rate increased by 5.7%. In short, although the transition from cashing out varies significantly between countries, it is actually almost global. (more…)

  • Blockchain

    Technology is always created to serve the mind of its manufacturer. At this point, it is necessary to be careful and use it to our real benefit. While doing this, it should not be overlooked that technology can serve different ideologies and plans in the hands of different minds. For example, splitting the atom into its nuclei is a technological breakthrough, and while there are many useful things that can be done from it, some minds make bombs from it and threaten humanity. Blockchain is also one of the most important inventions of our day. It seems that it will also play an important role in building the future. At this point, what role it will play depends on which minds will be used. Blockchain is an invention that will bring innovation to our lives in many economic and technological aspects. It is necessary to look at its effects not only in economic and technological aspects but also in sociological aspects as an integral part of them. (more…)

  • Digitalized Knowledge Economy

    It is possible to see the advanced production systems of that period at every stage of the economic history. To understand the functioning of the economy, it is necessary to examine the most advanced manufacturing practices. (more…)

  • Bad Money Drives Out Good Money

    Gold and silver have been real, solid money for nearly 5000 years. Since the mid-1970s, the dollar, which is the reserve currency in circulation, has been torn from gold. The fiat currencies we use today are unlimitedly printed. The fact that the main mechanism of the economic system based on money is being printed unlimitedly is the most important factor that erodes the system itself. (more…)

  • Money Turbulence, Covid-19’s Shocking Financial Impacts and Ways of Exit

    In this article, we will seek an answer to the question of how we can be more resilient individually in the current economic and financial process. Is it possible to get out of the currency turbulence that started with the sudden halt of economies all over the world and trade between countries coming to a halt? It is possible, of course, if you have been able to save your money before with careful financial management. Otherwise, unemployment has reached enormous proportions in the economies that are closed. This leads to the proliferation of segments that have difficulty in finding food and bread, let alone save money. For example, the unemployment figures reached 15 million in mid-2020 in America. Approximately 40 million people feed on food aid provided by the state, and approximately one million people live on the streets. (more…)

  • Decentralized Finance, DEFI

    The system we are in, which we can also call the money economy, consists of centralized structures to a large extent. We see these central structures as large financial intermediary institutions both in factories with large production capacity in real production and in financial markets. In short, what we call money is a centrally managed exchange tool. This system is about to be left behind now. (more…)

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