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Largest physics meeting of the year: March 20-25, 2011, Dallas, Texas
Date:2/9/2011

ges should be located. Their idea, first presented last year in the journal Physical Review E, is that putting an intermediate trading center between two major centers is advantageous if the trading is rapid and auditable. They found that there is always an optimal trading position located between any two points on the Earth, with some in rural areas. They worked out a formula for calculating where the locations could be. At the 2011 March Meeting, they will present detailed results that examine what happens when there are multiple intermediate trading points located between major centers of commerce. They have worked out some of the most profitable locations on Earth from which to coordinate trading. Rather than consolidate trading at places like the New York Stock Exchange, the analysis calls for treating the planet itself as one giant trading floor
  • something they are now speaking to a number of companies about doing.
    B14.00002 http://meetings.aps.org/Meeting/MAR11/Event/137044

    THE PHYSICS OF ECONOMIC DIVERSITY

    Combining statistical physics and economic development theory, physicist Cesar A. Hidalgo of MIT's Media Lab along with Ricard Hausmann, the director of the Center for International Development at Harvard University and former chief economist of the Inter-American Development Bank, has modeled economic data from countries around the world to predict future economic production. There is a predictable aspect to the global economy, Hidalgo said, but the processes operate over periods of 10-15 years, which is much longer than the time scales of political cycles. They found a set of universal rules that create robust economic patterns seen across the globe. The ability of a country to produce a new product in the future, for instance, is highly dependent on the specific mix of products the country currently produces. This makes predicting a country's future industri
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  • Contact: James Riordon
    riordon@aps.org
    301-209-3238
    American Physical Society
    Source:Eurekalert

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