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“Time Value” | Javkhlant Ragchaa | TEDxDongdaemun


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[Applause] [Music]

all this happened giving an example well

all this happened giving an example well today I’m going to talk about my topic

today I’m going to talk about my topic

today I’m going to talk about my topic is Tampa I think many of you have talked

is Tampa I think many of you have talked

is Tampa I think many of you have talked you know 10 values might be related time

you know 10 values might be related time

you know 10 values might be related time management could be very rewarding

management could be very rewarding

management could be very rewarding because everyone has their own

because everyone has their own

because everyone has their own philosophy on time management but today

philosophy on time management but today

philosophy on time management but today I’m going to talk about more on me I’m

I’m going to talk about more on me I’m

I’m going to talk about more on me I’m bad love money I’m value of money

bad love money I’m value of money

bad love money I’m value of money in terms of the resources economy

basically what value of money comes in

basically what value of money comes in economy and finances as the time passes

economy and finances as the time passes

economy and finances as the time passes the value of the money depreciates

the value of the money depreciates

the value of the money depreciates basically the value of the money will be

basically the value of the money will be

basically the value of the money will be worthless

worthless

worthless so let’s keep that in mind throughout my

so let’s keep that in mind throughout my

so let’s keep that in mind throughout my presentation so if you look at the graph

presentation so if you look at the graph

presentation so if you look at the graph what this is is basically the morning

what this is is basically the morning

what this is is basically the morning today will work less more and so on so

today will work less more and so on so

today will work less more and so on so there are many reasons why money

there are many reasons why money

there are many reasons why money worthless

worthless

worthless the first one is macro economy inflation

the first one is macro economy inflation

the first one is macro economy inflation interest rates and second one is

interest rates and second one is

interest rates and second one is opportunity cost if you have chosen one

opportunity cost if you have chosen one

opportunity cost if you have chosen one project one more one project or one

project one more one project or one

project one more one project or one investment opportunities and if we had

investment opportunities and if we had

investment opportunities and if we had kept your body is even but I miss

kept your body is even but I miss

kept your body is even but I miss visualizing your money to make money so

visualizing your money to make money so

visualizing your money to make money so considering this is the value of the

considering this is the value of the

considering this is the value of the money depreciated so what’s the resource

money depreciated so what’s the resource

money depreciated so what’s the resource economy so overall resource economy has

economy so overall resource economy has

economy so overall resource economy has been a very important role throughout

been a very important role throughout

been a very important role throughout the history of the world so many

the history of the world so many

the history of the world so many countries with their services was one of

countries with their services was one of

countries with their services was one of the common countries in the back in

the common countries in the back in

the common countries in the back in histories but now it has changed a

histories but now it has changed a

histories but now it has changed a little bit but still resource economy

little bit but still resource economy

little bit but still resource economy plays very

plays very

plays very and it many many countries

and it many many countries

and it many many countries African countries Asian countries

African countries Asian countries

African countries Asian countries resources is as one of the importance

resources is as one of the importance

resources is as one of the importance our GDP factor gross domestic product at

our GDP factor gross domestic product at

our GDP factor gross domestic product at the World Bank and international

the World Bank and international

the World Bank and international organizations and they have to figure

organizations and they have to figure

organizations and they have to figure out how to reduce this and on what way

out how to reduce this and on what way

out how to reduce this and on what way is one of the countries also trying to

is one of the countries also trying to

is one of the countries also trying to find their race to the border so I think

find their race to the border so I think

find their race to the border so I think if sources economy is it’s also very

if sources economy is it’s also very

if sources economy is it’s also very important for our own code to find the

important for our own code to find the

important for our own code to find the solution to the poverty so in case of

solution to the poverty so in case of

solution to the poverty so in case of remotely if you see Mongolia has been

remotely if you see Mongolia has been

remotely if you see Mongolia has been you know known as one of the resource

you know known as one of the resource

you know known as one of the resource industry countries and their economy has

industry countries and their economy has

industry countries and their economy has been growing so fast in the past ten

been growing so fast in the past ten

been growing so fast in the past ten years over fifteen percent GDP and then

years over fifteen percent GDP and then

years over fifteen percent GDP and then suddenly become weak on counter happened

suddenly become weak on counter happened

suddenly become weak on counter happened and now it’s even – so what to do it and

and now it’s even – so what to do it and

and now it’s even – so what to do it and everyone expected you know this kind of

everyone expected you know this kind of

everyone expected you know this kind of use of other resources will have

use of other resources will have

use of other resources will have positive impact on the economy of the

positive impact on the economy of the

positive impact on the economy of the countries a similar thing happens in

countries a similar thing happens in

countries a similar thing happens in many many countries in different regions

many many countries in different regions

many many countries in different regions of the world and even if you look at the

of the world and even if you look at the

of the world and even if you look at the currency foreign exchange rate it’s even

currency foreign exchange rate it’s even

currency foreign exchange rate it’s even – now so what this to do with the

– now so what this to do with the

– now so what this to do with the overall how it’s affecting the market I

overall how it’s affecting the market I

overall how it’s affecting the market I mean country’s economy is actually back

mean country’s economy is actually back

mean country’s economy is actually back up diversity and it’s less productivity

up diversity and it’s less productivity

up diversity and it’s less productivity and because the economy is itself is

and because the economy is itself is

and because the economy is itself is focusing on the only few items of items

focusing on the only few items of items

focusing on the only few items of items and focusing on few industries so this

and focusing on few industries so this

and focusing on few industries so this is also known as the Dutch disease

is also known as the Dutch disease

is also known as the Dutch disease phenomenon so what starts disease in

phenomenon so what starts disease in

phenomenon so what starts disease in America stations so thoughts disease is

America stations so thoughts disease is

America stations so thoughts disease is basically the one economy is highly

basically the one economy is highly

basically the one economy is highly dependent on the one sector and that

dependent on the one sector and that

dependent on the one sector and that means the economy is less sustainable

means the economy is less sustainable

means the economy is less sustainable over the period so if you look on the

over the period so if you look on the

over the period so if you look on the graph the country is producing

graph the country is producing

graph the country is producing certain natural resources and they are

certain natural resources and they are

certain natural resources and they are they will be exporting they would making

they will be exporting they would making

they will be exporting they would making cash of course they would learn about in

cash of course they would learn about in

cash of course they would learn about in the short run but the problem is they

the short run but the problem is they

the short run but the problem is they will spend a lot because they have to

will spend a lot because they have to

will spend a lot because they have to import from the other countries and they

import from the other countries and they

import from the other countries and they are focusing on a very human dusters so

are focusing on a very human dusters so

are focusing on a very human dusters so when this happened basically the

when this happened basically the

when this happened basically the exchange rate of the market exchange

exchange rate of the market exchange

exchange rate of the market exchange rate of the country will depreciate

rate of the country will depreciate

rate of the country will depreciate which means that they have they have

which means that they have they have

which means that they have they have less buying power

less buying power

less buying power the second one is the increasing the

the second one is the increasing the

the second one is the increasing the spending of the country so that means

spending of the country so that means

spending of the country so that means net export deficit so there was a case

net export deficit so there was a case

net export deficit so there was a case in your States of America the several

in your States of America the several

in your States of America the several economist has looked at how research

economist has looked at how research

economist has looked at how research economy affects the country and they

economy affects the country and they

economy affects the country and they looked at the sum of pig states in the

looked at the sum of pig states in the

looked at the sum of pig states in the United States resources to reach country

United States resources to reach country

United States resources to reach country and non resources country and what they

and non resources country and what they

and non resources country and what they found was they were they were looking at

found was they were they were looking at

found was they were they were looking at the street parameters first one is that

the street parameters first one is that

the street parameters first one is that the short term had a growth and second

the short term had a growth and second

the short term had a growth and second one is the productivity in the long run

one is the productivity in the long run

one is the productivity in the long run and third one is human capital how this

and third one is human capital how this

and third one is human capital how this resource economy effects the improvement

resource economy effects the improvement

resource economy effects the improvement and education of the future so it’s

and education of the future so it’s

and education of the future so it’s surprising that the resource economy is

surprising that the resource economy is

surprising that the resource economy is in the Bob short run they showed very

in the Bob short run they showed very

in the Bob short run they showed very high growth but they on the other hand

high growth but they on the other hand

high growth but they on the other hand naughty research County was actually

naughty research County was actually

naughty research County was actually showing less economic growth in the

showing less economic growth in the

showing less economic growth in the short form but in the long run

short form but in the long run

short form but in the long run productivity of teeth BOM resource-rich

productivity of teeth BOM resource-rich

productivity of teeth BOM resource-rich country was actually less and but on the

country was actually less and but on the

country was actually less and but on the other hand baggage services country was

other hand baggage services country was

other hand baggage services country was higher and because people are just

higher and because people are just

higher and because people are just focusing on very few industries so they

focusing on very few industries so they

focusing on very few industries so they don’t have an incentive to move on to

don’t have an incentive to move on to

don’t have an incentive to move on to different industries and they just

different industries and they just

different industries and they just focusing on few industries but not the

focusing on few industries but not the

focusing on few industries but not the resource industries they have to find

resource industries they have to find

resource industries they have to find their ways to to sustain the economy

their ways to to sustain the economy

their ways to to sustain the economy growth but they have to

growth but they have to

growth but they have to different different fields to sustain

different different fields to sustain

different different fields to sustain the economy so I looked at the different

the economy so I looked at the different

the economy so I looked at the different countries or in which countries and

countries or in which countries and

countries or in which countries and coverage countries both of them are

coverage countries both of them are

coverage countries both of them are resource abundant countries but if you

resource abundant countries but if you

resource abundant countries but if you look at the GDP s and so on there is a

look at the GDP s and so on there is a

look at the GDP s and so on there is a huge difference as well and one of the

huge difference as well and one of the

huge difference as well and one of the other fighting factors is absolutely the

other fighting factors is absolutely the

other fighting factors is absolutely the barielle how much values attitude

barielle how much values attitude

barielle how much values attitude economy so if you look at the

economy so if you look at the

economy so if you look at the oil-producing countries all in itself is

oil-producing countries all in itself is

oil-producing countries all in itself is actually can be transferred is

actually can be transferred is

actually can be transferred is transferred into more than 2000 types of

transferred into more than 2000 types of

transferred into more than 2000 types of products but on the other hand

products but on the other hand

products but on the other hand coordinates economy is only they can

coordinates economy is only they can

coordinates economy is only they can produce less different temperaments and

produce less different temperaments and

produce less different temperaments and all right well energy resources it can

all right well energy resources it can

all right well energy resources it can be plastic where we using the bring out

be plastic where we using the bring out

be plastic where we using the bring out the hand parts and so on and it also

the hand parts and so on and it also

the hand parts and so on and it also goes goes has the raw product for the

goes goes has the raw product for the

goes goes has the raw product for the palaces as well in case of the code

palaces as well in case of the code

palaces as well in case of the code basically Park light electricity and

basically Park light electricity and

basically Park light electricity and industrial plants like steel plants and

industrial plants like steel plants and

industrial plants like steel plants and second one is human sources all

second one is human sources all

second one is human sources all enrichment economy they have to they

enrichment economy they have to they

enrichment economy they have to they have to diversify be skilled employees

have to diversify be skilled employees

have to diversify be skilled employees with these different types of the

with these different types of the

with these different types of the properties that they need different

properties that they need different

properties that they need different types of engineers but in case of the

types of engineers but in case of the

types of engineers but in case of the college economy let’s give them power

college economy let’s give them power

college economy let’s give them power because they need only engineers as

because they need only engineers as

because they need only engineers as before these industries so basically

before these industries so basically

before these industries so basically single source of resources like gold

single source of resources like gold

single source of resources like gold diamonds and cold this kind of things

diamonds and cold this kind of things

diamonds and cold this kind of things doesn’t really help a lot in the bomb

doesn’t really help a lot in the bomb

doesn’t really help a lot in the bomb run because

manpower skills we have two planets

manpower skills we have two planets which are really huge and one of them is

which are really huge and one of them is

which are really huge and one of them is actually

actually

actually they are Donuts the – coca-cola will

they are Donuts the – coca-cola will

they are Donuts the – coca-cola will have over fifty percent GDP growth for

have over fifty percent GDP growth for

have over fifty percent GDP growth for the like next fifty years and this and

the like next fifty years and this and

the like next fifty years and this and also they said the reserve of their

also they said the reserve of their

also they said the reserve of their sources will be more than five hundred

sources will be more than five hundred

sources will be more than five hundred billion US dollar and similar thing

billion US dollar and similar thing

billion US dollar and similar thing happens to many many countries like

happens to many many countries like

happens to many many countries like Indonesia and so on and but why they are

Indonesia and so on and but why they are

Indonesia and so on and but why they are not developing so fast the first time

not developing so fast the first time

not developing so fast the first time and how we can resolve this difference

and how we can resolve this difference

and how we can resolve this difference between different types of resources and

between different types of resources and

between different types of resources and that’s something related with the tempo

that’s something related with the tempo

that’s something related with the tempo of the money because your services in

of the money because your services in

of the money because your services in order to extract users from the land we

order to extract users from the land we

order to extract users from the land we need plant and we need very long time 15

need plant and we need very long time 15

need plant and we need very long time 15 years 30 years even bothered and this

years 30 years even bothered and this

years 30 years even bothered and this effect exists because the future would

effect exists because the future would

effect exists because the future would map future future money doesn’t do many

map future future money doesn’t do many

map future future money doesn’t do many worth as of today so your sources is

worth as of today so your sources is

worth as of today so your sources is very long to capitalize the second one

very long to capitalize the second one

very long to capitalize the second one is each year there is a limitation of

is each year there is a limitation of

is each year there is a limitation of extracting resources from the man said

extracting resources from the man said

extracting resources from the man said that said given that in case of the 500

that said given that in case of the 500

that said given that in case of the 500 billion it would be just 20 billion each

billion it would be just 20 billion each

billion it would be just 20 billion each year so this doesn’t really impact on

year so this doesn’t really impact on

year so this doesn’t really impact on the community so much and also because

the community so much and also because

the community so much and also because they believed that the source economy is

they believed that the source economy is

they believed that the source economy is very important factor factor they just

very important factor factor they just

very important factor factor they just focus on the resources and they don’t

focus on the resources and they don’t

focus on the resources and they don’t they really focus on developing their

they really focus on developing their

they really focus on developing their different sectors and manpower wise

different sectors and manpower wise

different sectors and manpower wise students and the parents they think you

students and the parents they think you

students and the parents they think you know this is the perspective industrial

know this is the perspective industrial

know this is the perspective industrial and they just keep focusing on these

and they just keep focusing on these

and they just keep focusing on these industries and that the kids to study

industries and that the kids to study

industries and that the kids to study these other subjects so highest

these other subjects so highest

these other subjects so highest expectation but in the reality is less

expectation but in the reality is less

expectation but in the reality is less impact on the economy so in conversation

impact on the economy so in conversation

impact on the economy so in conversation tournament what can you do with this

tournament what can you do with this

tournament what can you do with this your services dilemma an anomaly there

your services dilemma an anomaly there

your services dilemma an anomaly there are

are

are first one is time value is very

first one is time value is very

first one is time value is very important factor as I mentioned so they

important factor as I mentioned so they

important factor as I mentioned so they have to use their all the resources to

have to use their all the resources to

have to use their all the resources to expect the research as soon as possible

expect the research as soon as possible

expect the research as soon as possible they don’t have to plan for long time

they don’t have to plan for long time

they don’t have to plan for long time the second one is globalization is very

the second one is globalization is very

the second one is globalization is very important factor because right now

important factor because right now

important factor because right now unlike ancient time 20-30 years there

unlike ancient time 20-30 years there

unlike ancient time 20-30 years there have to really focus on just one

have to really focus on just one

have to really focus on just one industries they are they have to earn

industries they are they have to earn

industries they are they have to earn fast and they have to move to the global

fast and they have to move to the global

fast and they have to move to the global market what I mean by improving the

market what I mean by improving the

market what I mean by improving the global market is if the country has

global market is if the country has

global market is if the country has their faults that can invest into the

their faults that can invest into the

their faults that can invest into the different sectors startups the puffiness

different sectors startups the puffiness

different sectors startups the puffiness like big big companies like you know if

like big big companies like you know if

like big big companies like you know if they started companies biotech companies

they started companies biotech companies

they started companies biotech companies IT companies they can be ownership and

IT companies they can be ownership and

IT companies they can be ownership and they can get a lot more from there so

they can get a lot more from there so

they can get a lot more from there so what I’m suggesting is of to myself I’m

what I’m suggesting is of to myself I’m

what I’m suggesting is of to myself I’m in

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