Price volatility and sustainability of cable making industry

Abstract

It’s been five years of significant turbulence in the world economy. After a recovery in international trade in 2017, economic conditions started deteriorating in the second half of 2018 and further in 2019, due to trade tensions between the United States of America and China, fears of a disorderly Brexit in Europe, and a negative global output outlook more generally.

The reaction in trade in 2020 was consistent with the escalating global COVID-19 pandemic and steps taken by individual countries/territories in controlling or mitigating it.
After a fragile recovery from pandemic during 2021 year, the world economy in 2022 is facing market conditions of a “perfect storm”. Geopolitical, market and financial volatility can generate unintended and unpredictable consequences, with Russia’s invasion of Ukraine and the West’s response providing a dramatic illustration of how combustible that combination can be.

Cable makers, and not only them, have to operate under conditions of fast price increases of commodities and services. As result, the cost of producing cables has increased significantly, so they are forced to pass part or all of the additional cost to the consumers. The world cannot continue to absorb this type of escalation, so something has to happen, some actions need to be reinforced.

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Sustainable development and the need to reform the carbon tax
Maurizio Bragagni, Lorenc Xhaferraj, Irene Mazza, Giuseppe Concetti
Journal of Public Aairs, March 2022, Wiley
DOI: 10.1002/pa.2787
Sustainable development and the need to
reform the carbon tax
What is it about?
Goal: The current Covid-19 pandemic has raised awareness of the urgency of
reforming our economy to achieve a global recovery. This endeavour will require the
implementation of various strategies aiming for a system reset, at the core of which
is the sustainable recovery model.
In 2009 the United Nations General Assembly proclaimed 22 April as International
Mother Earth Day. It was a brave act of acknowledgement that the Earth and its
ecosystems are our typical home. At the same time, it is a tangible expression of the
global conviction that humankind must be in Harmony with Nature to achieve a just
balance among the economic, social and environmental needs of present and future
generations.
While the global community is actively searching for new ways to achieve sustainable
development, resolved to perform an economic system reset, determined to a green
recovery, why don’t we try to reform the taxing system? A right taxation system could
help recover quickly and achieve a green recovery of the global economy.
Why is it important?
While everyone has to pay tax, the truth is that some more prominent companies go
to extreme measures to minimise their contribution where they are based and where
they sell.
The new thinking that this article aims to consider is that instead of taxing the
companies for what they produce and sell, we should tally the amount of C02 a
company emits in the atmosphere while making the goods and recycling them tax
them accordingly.
Perspectives
DR Maurizio Bragagni
City University
Sustainable development is not the way, but the only option for the international
community to embrace to achieve global economic recovery and sustain the future's
challenges. The 17 UN Global Goals (or SDGs) are more than just an aspirational
framework for governments. They are a roadmap for business opportunities to
transform them into a successful business that can sustain the current and future
challenges. A shift to a sustainable model of an economy, with more greener
emphasis, could create 24 million new jobs globally by 2030 if the right policies are
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put in place. Only the goods and services sector can generate over US$ 2.5 trillion in
annual income, and this is growing at a rate of over 8% per year. In the ancient Rome
Senate, Catalina (or Cataline) was an advocate for the cancellation of debts and land
redistribution. Then he went “too far” with his demands of cancelling the tax at all
and was accused of leading a plot to overthrow the Roman Senate. According to
Cicero, “Quo usque tandem abutere, Catalina, patientia nostra? Quam diu etiam
furor iste tuus nos eludet? Quem ad nem sese erenata iactabit audacia?” The
above has the following meaning in English: “When, O Catalina, do you mean to cease
abusing our patience? How long is that madness of yours still to mock us? When is
there to be an end of that unbridled audacity of yours, swaggering about as it does
now?”
The following have contributed to this page: DR Maurizio Bragagni
PDF generated on 20-Apr-2022
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