The increasing role of barter in the global economy

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Enablers:

• [S. Demircioglu]Internet creating a continuous and global marketplace
• The increasing use of Internet can provide the challenge to find somebody who is willing to barter.
• The increasing unstability of the US dollar according to Euro and Yen.
• Increasing globalization of the markets The increasing globalization of markets
• Technology to find the barter trade like Internet, and eBay like sites.
• [S. Demircioglu]Slowing economy helping the barter exchange to grow
• [S. Demircioglu]Markets getting nervous not only about the dollar but about paper currencies in general
• [S. Demircioglu]Banks and financial institutions losing trust in the business context
• [S. Demircioglu]Enormous and ever-growing computing power to facilitate direct exchanges

Inhibitors:

• The use of less currencies, for example forming of the Euro, countries use USD instead of own currency
• New laws which sets rules to barter
• Stability of the financial marketes.
• [S. Demircioglu]Regulations inhibiting the growth of the global barter economy to police the system: E.g. Taxes can not be collectedwhen no money is exchanged

Paradigms:

The value and use of money diminishes.

Revolution in the monetary systems and use of money.

[S. Demircioglu]What makes barter unique is that besides goods and commodities, it facilitates bartering and giveaways of services and even concepts

Experts:

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Timing:

The role of Barter is increasing, and will increase in the next years. The trend will continue the next decades.

Web Resources:

• http://www.ex.ac.uk/~RDavies/arian/barter.html
  
• http://www.irta.com/
• [1] [S. Demircioglu] Las Vegas Tribune, November 2004, Barter: The ´New/Old´ Currency for Business - Part 1, Retrieved September 14, 2009:http://global.factiva.com/