Mathematics and economy

[husencoe]

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.

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[Yatsan]

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.

[verita1]

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.

[finaleshot2016]

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.

[int03h]

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.

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.

[Janation]

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.

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.

[shield132]

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.

[Nhor1011]

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.

[wack slacker]

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.

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

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.

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.

[justdimin]

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.

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  .

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?

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.

[CODE200]

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.

[Alucard1]

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.

[jaysabi]

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.

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.

[GeorgeJohn]

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.

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.

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.

[stompix]

A country with many students winning high prizes in OLYMPIC math will get more attention and those countries will be considered for investment.

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.

Samsung is moving its factories from China to Vietnam. iPhone manufacturing factories are considering moving to neighboring countries Malaysia and Vietnam.

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  

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.

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.

[slapper]

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.

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

[wack slacker]

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.

Certainly, the maths are trying to break out of the country and find an academic environment that matches their abilities.

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  

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.

[AniviaBtc]

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.

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.

[barbara44]

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.

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.

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.

[crwth]

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.