The increasing role of barter in the global economy
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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:
-
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/