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Are You Thinking Too Small And Dooming Your Small Business To Failure?

Are You Thinking Too Small And Dooming Your Small Business To Failure? – If you thought the world was getting worse, you’d be wrong: data on health and well-being around the world shows tremendous progress. – Copyright/Canva

If you think the world is doomed and everything is going downhill, you’re wrong, but you’re not alone.

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The media focuses on isolated day-to-day events, paying little attention to the slower, broader developments that have shaped the world in which we live. Unfortunately, this paints a misleading picture of the state of affairs.

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But in the name of clarity, let’s look at some hard, hard facts about some of the most important indicators of well-being and show how things aren’t as bad as you think.

We will use data from Our World in Data, based at the University of Oxford, which focuses on quantifying and analyzing data on global issues.

In many of the key indicators that define our well-being, humanity is doing better than ever.

“Significant progress has been made in extending life and reducing some of the most common killers of child and maternal deaths,” the United Nations said.

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“Great strides have also been made in clean water and sanitation, reducing the spread of malaria, tuberculosis, polio and HIV/AIDS.”

Let’s look at some of these numbers and what they say about the state of humanity.

In less than three decades, the numbers have more than halved, from 12.5 million in 1990 to 5.2 million in 2019.

“This is an important achievement that should not be overlooked,” the authors of the infant and child mortality report told Our World in Data.

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Of course, the death of all children is a tragedy, and too many children – 5.2 million each year anyway – die from causes and diseases that we know how to prevent and treat.

In fact, if the infant mortality rate for the entire planet were the same as that of the European Union – considered the best region with 0.4 percent – only 540,000 children would die.

If today’s figures reflect the global death rate in 1800, which was about 43 percent, 61 million children would die each year, 10 times more than today.

Cheers to mothers too, who are giving birth at higher rates than a few generations ago.

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In most places in the world, the risk is less than 1 percent, and in most countries it is even less than 0.1 percent.

In Sweden and Finland almost 1 in 100 women died in childbirth compared to 1800.

If this situation were still true worldwide, approximately 1.26 million newborns would lose their mothers at birth each year. Fortunately, this is not the case.

Life expectancy is a key measure to assess the health of a population: it tells us the average age at death of a population.

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“Over the past 200 years, people in every country in the world have made remarkable advances in health that have increased life expectancy,” said Max Roser, founder and editor of Our World in Data.

Estimates suggest that life expectancy in the pre-modern world (before the 18th century) was around 30 years in all regions of the world, which is surprising given that our hunter-gatherer ancestors thought who lived 32.5 years.

However, since 1900, global life expectancy has doubled, and the United Nations estimates that global life expectancy is 72.6 years.

We are living longer, which means our quality of life has improved in recent years.

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The data shows us that where there is a lack of free and accessible health infrastructure, death rates rise.

Our World in Data researchers say that looking at data from 30 or 50 years ago is not really enough to understand the evolution of poverty around the world.

“When you just think about what the world is like in our lifetime, it’s easy to think that the world is static – rich parts of the world and poor regions – and it’s a mistake to assume that it’s always this way and this is how it’s always been. been . It will always be that way,” Roser said.

So we have to look back about 200 years before that time when living conditions really changed, “and then it became very clear that the world was unstable.”

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In 1820, only a small percentage of the world’s elite enjoyed a high standard of living, while the rest lived in what would now be considered abject poverty.

In 2015, the last year for which data are available in scientific publications, the proportion of the world’s population in extreme poverty fell below 10%.

“It is a great success, for me as a researcher (…) perhaps the greatest success of the last two centuries”, said Roser.

He added that the world’s population has increased sevenfold in the last two centuries, “a figure that is particularly remarkable when you consider that it has reduced everyone’s income and pushed everyone into extreme poverty. But the exact opposite happened.”

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If a media outlet wants to portray a major decline in poverty in its headlines, Roser suggests, “The number of people in extreme poverty has dropped by 130,000 since yesterday.”

“And they will not have this title once, but every day since 1990, because, on average, 130,000 people every day have been reduced to extreme poverty”, he said.

As Europe battles wildfires after a year marked by severe flooding, it’s easy to feel the extreme weather taking place on our warming planet.

In the early to mid-20th century, the annual death toll from disasters was high, often exceeding a million per year.

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But in recent decades, we have seen a significant decrease in the number of people who die from these still unpredictable events.

Our World in Data defines disasters as “all geophysical, meteorological and climatic events, including earthquakes, volcanic activity, landslides, droughts, wildfires, hurricanes and floods”.

In recent years, between 10,000 and 20,000 people have lost their lives in disasters.

In the deadliest years, those marked by major earthquakes or typhoons, the death toll has not exceeded 500,000 since the mid-1960s.

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These numbers have not fallen because disasters have become more frequent or less devastating, but improved food security, resilience to other disasters, and better national and international responses have made them easier to cope with.

And, unlike in the past, droughts today are often driven by civil wars and political unrest rather than natural disasters.

With near-instant updates on what’s happening in the world, we’re constantly reminded of what the last disaster was.

But it is important to note that this information does not give us a fair representation of how the scale of disasters has evolved over time. (All opinions expressed below are the personal opinions of the author and should not be considered as a basis for making investment decisions, or as a recommendation or advice to engage in investment transactions.)

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The Covid pandemic, and more importantly, the global political response to it, has advanced decades of social trends in a very short period of time. With almost everyone around the world confined to their homes for the better part of two years, inflation is here to stay.

Inflation took hold because a large number of jobs were now being done from home, and the rich computer jockeys doing those jobs now needed a different mix of goods. Global supply chains aren’t willing to cut their wealthier, older customers’ daily commute an hour or two in favor of walking into their home offices in the latest Lululemon jammies. If you’re one of those keyboard warriors, your shopping cart in and around the office is completely different from the shopping cart you enjoy inside your home. So inflation, at least from a commodity perspective, will remain sticky.

Across the energy spectrum, wealthy Westerners choose to invest less in fossil fuels, which offer higher returns on the energy invested in them, and invest more in renewables, which have lower returns on the energy invested in them. While the wealthy West aims to efficiently fight carbon emissions, the success of its wind and solar power generation, and the accompanying accelerated retirement of internal combustion engine vehicles, predicts that developing countries are polluting their local environments to produce nickel and copper. , cobalt and other key industrial commodities. Unfortunately, miners must burn fossil fuels to extract large quantities of industrial ore from the ground. Demand for hydrocarbons continues to rise as CAPEX declines. This hawkish energy policy has created and will continue to create high and rising fuel prices.

Whether it’s raw materials or energy, the cost of the things we need is rising

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