The most important economic and social issues that affect people's lives
New innovations have begun to take shape and create incitement for development. Internet of Things (IoT) and Big Data highlighted among other interesting projects. However, issues related to 2017 seems a never ending debate in the socio-economic community. We are talking today about consequences of the outcome of the presidential election in the United States as a negative political change and the global crisis in economy. Brexit and election in France that has created a great uncertainty in the European market and now as Ireland's uncertainty in the matter further contribute to the low credibility of the stock exchanges in Europe. We face that the credibility has decreased of the standards Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) as well. The financial bubble is not only a federal issue for property markets no more, but also a matter for investors who do not have enough competence in the fundamental indexing analyzes. The scale of these problems has direct implications on businesses sustainability. We have also in the last two years seen dramatic human rights violations from large parts of the world as a growing problem. But we also hope that these challenges will create new opportunities.
With this secular perspective I intend to talk a little bit about the local development perspective here in the Arctic and I am committed to cooperation in the Barents Region Development Agencies for a transnational dialog. What we see today is a stagnating economic development for this region with direct reference to the low iron ore price for revenue in the mining sector. Society with an overburdened generation shift has a great need for alternative industries in order to balance the growth in this region as in the rest of the world. Our region is in a great need for rehabilitation of information search.
Small and medium-sized businesses in our region today are undermined by zero margin games with activities while The funds by the EU in principle are administered between established institutions internal services or non-existing. The funds by the EU must be provided for the innovative and creative industry and the development of growth. If we instead let an uncertainty to consist in a society and a society to stagnate, then we have big problems for a long time to come.
Indeed, I am also thinking of how prices of saw timber and pulpwood will be during the spring when we shall sell the harvested wood. A low demand contribute to a low price and a high demand means a better price. Let us hear about your ideas for the year to come. Feel free to leave your comment about your perspective of this.