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Author Topic: Mathematics and economy  (Read 793 times)
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October 10, 2020, 06:15:10 PM
 #61

I believe you can try to convince others as much as you want with higher level of education as a nation but as long as you do not have the proper companies that could be smart to invest, you are not going to be really good and not get the funding you are looking for.

Definitely a higher level of math would mean that those traders would be willing to work hard and would be smart enough to make a profit but if the stock market is full of bad companies that will not make money, how are they going to trade them to profit?

Also if the money you have doesn't mean as much in dollar form (low exchange rate) that means that nation can't make billions from just one company that easily and even if there is any it would be very rare. So all in all I would say country needs to elevate all together and math is not enough.

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October 10, 2020, 11:03:51 PM
 #62

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country

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November 23, 2020, 01:47:33 PM
 #63

          economic mathematics is the application of mathematical methods to represent theories and analyze economic problems.by convention,these applied methods go beyond simple geometry, such as differential and
    integral calculus,differences and differences of equations.add to this the language of mathematics allows economists to make definite,positive claims about controversial or non controversial topics that are imposible
    without mathematics..
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November 23, 2020, 02:00:21 PM
 #64

Mathematics is indeed quite important, but if you ask about factories, it will relate to human resources, where there are many workers that can be accommodated, investors will always build factories there. ofcourse mathematics also plays a role here, but in relatively small portions

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November 23, 2020, 02:22:15 PM
 #65

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country
Well, mathematics is being used as something for development but once the formula was developed, there's no need for it and the only thing you must do is to increase the production rate. When it comes to production rate, we need manpower that operates to produce. In that way, there is successful business out there that doesn't rely too much on complex mathematics for more production. You don't need a math wiz just to build a business, you need strategic workers that will make your business grow, and that will help also the economy.
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November 23, 2020, 03:11:43 PM
 #66

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country

In your words, they will be recruiting in densely populated, low-skilled and low-cost places to create their products. We need to take a scientific and valid look at the problem.



Mathematics is indeed quite important, but if you ask about factories, it will relate to human resources, where there are many workers that can be accommodated, investors will always build factories there. ofcourse mathematics also plays a role here, but in relatively small portions
Mathematics is useful for companies because it has a role in helping to create engineers involved in programming. These individuals will become human resources for businesses, whether large or small. Math skills also serve well in the work that requires logical processes. Employers will also look at the overall level of a country's education through the awards they win to calculate factory investments. The meaning of their team here represents a country, it is the average of the quality of the human resources, not just to a specific individual.
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November 23, 2020, 05:23:48 PM
 #67

Mathematics is indeed quite important, but if you ask about factories, it will relate to human resources, where there are many workers that can be accommodated, investors will always build factories there. ofcourse mathematics also plays a role here, but in relatively small portions

Mathematics is the basis for business decisions and many other things, indeed the effect is not that big, but the basis of many decisions taken by the state and investors is accurate calculations, mathematics does not play a visible role, but every calculation in a decision is where mathematics lies.  I admire China which is able to develop its country into a country with a very large economy, I believe that many people in China are very good at mathematical calculations, so I think this has something to do with it.
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November 23, 2020, 11:04:35 PM
 #68

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country
I agreed with what you said because companies or groups that invest in country that have huge number of students winning the Olympic award in mathematics while the country itself dont have the required resources, commended tax per production and infrastructure the investors or company will bankrupt, so OP the companies that moved to the Southeast Asian countries dont actually moved of they have numerous students that won high prizes in Olympic math.

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November 24, 2020, 03:28:18 AM
 #69

I agree that a country that has many students who win the OLYMPIC math is an investment for that country, can be a valuable asset
for the country. But the problem is that some third world countries do not provide large salaries to their citizens, so some of these
students choose to work in developed countries which provide a large income. This has happened in several Southeast Asian countries,
and in my opinion a solution should be found so that these students can work in their own country. It's the government's job to make
students who win OLYMPIC math want to work in their own country.

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November 24, 2020, 12:39:55 PM
 #70

I agree that a country that has many students who win the OLYMPIC math is an investment for that country, can be a valuable asset
for the country. But the problem is that some third world countries do not provide large salaries to their citizens, so some of these
students choose to work in developed countries which provide a large income. This has happened in several Southeast Asian countries,
and in my opinion a solution should be found so that these students can work in their own country. It's the government's job to make
students who win OLYMPIC math want to work in their own country.
The environment is one of the challenges for good students to make their way through development mentally not only in math subjects but to other subjects as well. Our country is a third world country and that we can't excel that much because of not having a good support like educational activities and events that could improve the student's capability and to improve more to become more competent.
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November 24, 2020, 04:36:12 PM
 #71

Many invest in a country usually not because of the people who excel in mathematics. but they choose where it is strategic and the production costs are low. for mathematical intelligence it is related to how the individual's career will be, not with the country
I agreed with what you said because companies or groups that invest in country that have huge number of students winning the Olympic award in mathematics while the country itself dont have the required resources, commended tax per production and infrastructure the investors or company will bankrupt, so OP the companies that moved to the Southeast Asian countries dont actually moved of they have numerous students that won high prizes in Olympic math.
Yeah, every business excels in favorable tax laws and other important aspects and if a country has bright students in mathematics or studies in general that would not matter as much as the taxation policies and the transportation cost influences.

Cheap labor and cost of electricity are among other important aspects when a company decides to open their headquarters or offices in a particular country and it is obvious that every country has good and bad students/employees so that doesn't matter as much I think. I don't know if OP is true about Samsung moving it's factories from China to Vietnam but if that's the case that might be because of the cheaper taxation there.

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November 24, 2020, 04:57:56 PM
 #72

If there is at least one university in the most underdeveloped country in the world then there must be the Department of Economics. if you fall into the economy you do not have to think about job opportunities. It is better to study economics at the undergraduate level and then move towards specialized while doing postgraduate and PhD. Because now almost everything is becoming specialized. So if you don't know about those specializations you will have to face problems later. Third world countries are dominated by both mathematics and economics. Mathematics and economy is very important for students to have knowledge of mathematics for accounting in investment and work.
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