Fact and Prophecies

Niger, Nigeria, Mali, Mauritania, Algeria, Libya, Western Sahara Morocco and Tunisia are some of the few countries passing from transition state of social,economical and political instability soon would become volatile like Sudan.

Ethiopia Somalia and Kenya will follow and pass from the same situation as above even most likey Sri Lanka who was once the center of tourism around the world. This is a crucial stage for African Union to get united and align themselves with Powerful players to succeed in the race.

The situation in Ukraine's invasion by Russian Federation and post pandemic erra has already threatened EU and its Allies to align themselves in a way to avoid economic and political collapse. The world is actively relying on countries with rich resources of food, oil and gas and these are the main resources for all the countries to balance their position and stabilize their society.

Another war is currently uncertainty with a Dollar- BRICS clash for which the great powers are struggling and surviving to save its future dominance but which will be the future trade direction and denomination, its a question of time to get an answer for.

US hit by Afghan war, China by Covid-19, UK by Brexit and Queen's demise, France by Israel expansion and Iran's influence in the Gulf region and Russia by Ukrain war and International criticism and blockage by US Allies has made the race a complicated and sophisticated war for future survival. The only countries left to take advantage of this condition are Japan and India which are plentiful in technology, trade, business, IT and manpower are trying to adopt friendly relationships with those who can be thier far ended strategic and economic partners.

Significant Changes are near to happen soon around the globe which will shock and shrink the countries

PSYCHOLOGY AND RELATIONSHIP

Psychologist shares 6 toxic phrases ‘highly narcissistic’ people always use—and how to deal with them.

If you use these 13 phrases every day, you have high emotional intelligence:

Don’t say ‘How are you?’ Ask these 8 questions instead, says expert: ‘You’ll get a genuine response’

Eliminate these 11 phrases that ‘make people question your credibility,’ says public speaking expert

As a leadership consultant who studies workplace psychology, I’ve spent more than 30 years helping thousands of individuals navigate tough relationships.

I’ve found that one of the most difficult personality types to deal with are highly insecure people. These are the folks who find comfort in stable and predictable environments. They prefer security and despise changes. But change is a necessity for success.

Unfortunately, I’ve seen many teams and organizations fail because of a highly insecure person standing in the way. The first step to preventing things from getting worse is to know how to identify them.

Are you dealing with a highly insecure person?

Here are seven things highly insecure people say when they sense that change is coming:

1. “I don’t have time for this. My other priorities are more important.”

Usually, it’s not that they don’t have enough time; it’s that they don’t know how to manage it effectively. And they rarely have any deliberate or mindful strategies of how to prioritize their tasks.

2. “I’ve already tried this [or something similar], but it didn’t work.”

This claim is often a complete lie. Insecure people don’t try new things. They mostly talk about trying new things at best.

3. “This is just another way for management to cut jobs.”

Highly insecure people who don’t believe they’re validated and appreciated at work can become paranoid. They may suspect that someone, most often those in leadership, are out to “get” them.

4. “This is a stupid idea. Everything is working fine as it is.”

When a highly insecure person has a strong and dismissive reaction to a new initiative, it may be a sign that they realize they will have to put more effort into their work, and they feel threatened by it.

5. “This might work for others, but it’s not for me.”

Insecure people are big on inflating how unique they are and how special the conditions surrounding their work are.

6. “Can’t we think of something else? I’m not feeling this.”

This is usually an attempt to stall and completely avoid any real change or improvement. The alternative way the insecure person suggests is usually more or less a continuation of the same behavior.

7. “It’s obvious that whoever came up with this idea is clueless about the complexity of my work.”

If a person claims that what they do is too difficult and can’t be comprehended by someone else, it only means that they actually don’t fully understand what they do. Or they may be avoiding being transparent because they have something to hide.

How to handle a highly insecure person

The most important thing you can do is to develop a sense of compassion for your insecure colleagues. Having dark, negative thoughts about them won’t get you anywhere.
Find a balance between being supportive and exercising tough love. Maintaining a sense of positivity and composure, but don’t show that you feel sorry for them. Insecure people often react without any deeper thinking or understanding of what they’re reacting to.
If they only get a comforting response from you, it could make them believe that they are right to be fearful or reactive, and not interrogate why.
And don’t accept excuses. It will only make it easier for them to stay stuck in their ways. Instead, follow this mantra: “An excuse is a claim, and a claim needs to be proven to be true.”
Ask questions to poke holes in their argument, and get them to identify what is actually true in this moment. This method can help them see that their excuses may be standing in the way of what they can accomplish if they face their fears.
Stefan Falk is an internationally-recognized executive coach, workplace psychology expert, and author of “Intrinsic Motivation: Learn to Love Your Work and Succeed as Never Before.” A McKinsey & Company alumnus, he has trained over 4,000 leaders across more than 60 organizations and helped drive transformations valued in excess of $2 billion. Follow him on LinkedIn.
Don’t miss:

The 8 ‘rarest’ types of employees—they ‘simply outperform everyone else,’ says career expert

Harvard neuroscientist: The ‘most underrated’ skill all successful people have—‘especially introverts’

What is Balance of Payment (BOP)
Balance of Payment (BOP)


The balance of payment is the statement that files all the transactions between the entities, government anatomies, or individuals of one country to another for a given period of time. All the transaction details are mentioned in the statement, giving the authority a clear vision of the flow of funds.

After all, if the items are included in the statement, then the inflow and the outflow of the fund should match. For a country, the balance of payment specifies whether the country has an excess or shortage of funds. It gives an indication of whether the country’s export is more than its import or vice versa.

Types of Balance of Payment
The balance of payment is divided into three types:

Current account: This account scans all the incoming and outgoing of goods and services between countries. All the payments made for raw materials and constructed goods are covered under this account. Few other deliveries that are included in this category are from tourism, engineering, stocks, business services, transportation, and royalties from licenses and copyrights. All these combine together to make a BOP of a country.

Capital account: Capital transactions like purchase and sale of assets (non-financial) like lands and properties are monitored under this account. This account also records the flow of taxes, acquisition, and sale of fixed assets by immigrants moving into the different country. The shortage or excess in the current account is governed by the finance from the capital account and vice versa.

Finance account: The funds that flow to and from the other countries through investments like real estate, foreign direct investments, business enterprises, etc., is recorded in this account. This account calculates the foreign proprietor of domestic assets and domestic proprietor of foreign assets, and analyses if it is acquiring or selling more assets like stocks, gold, equity, etc.

Importance of Balance of Payment
A balance of payment is an essential document or transaction in the finance department as it gives the status of a country and its economy. The importance of the balance of payment can be calculated from the following points:

It examines the transaction of all the exports and imports of goods and services for a given period.
It helps the government to analyse the potential of a particular industry export growth and formulate policy to support that growth.
It gives the government a broad perspective on a different range of import and export tariffs. The government then takes measures to increase and decrease the tax to discourage import and encourage export, respectively, and be self-sufficient.
If the economy urges support in the mode of import, the government plans according to the BOP, and divert the cash flow and technology to the unfavourable sector of the economy, and seek future growth.
The balance of payment also indicates the government to detect the state of the economy, and plan expansion. Monetary and fiscal policy are established on the basis of balance of payment status of the country.