At the recent World Economic Forum in Davos, Switzerland, Anders Borg, Chairman, cited what he sees as the main challenges to the current global economy – the US election, the refugee crisis in Europe and the referendum on Brexit.
But there is also a fundamental optimism, he cautions, as there are more countries with their GDP growing at a faster rate than predicted, leading, he states, to the estimation of the ”fastest transformation out of poverty that humanity has ever experienced.”
Good news perhaps on the overall global front. But some Canadian business owners feel on edge as to where the economy will balance out this year, especially as our debt-to-income ratio reaches an all time high, which, economists say, may trigger a recession.
In economic theory, the law of supply and demand is considered one of the fundamental principles governing an economy. Underneath this law is the belief that the resources we need – such as manpower, natural resources, money supplies, goods – are limited and can be affected by fluctuating factors such as climate, population growth and wars. Given this fundamental belief, it’s no wonder that millions around the world fear that there isn’t enough and any standard of living they’ve achieved is precarious.
As a one-time private business owner, I was very conscious of these economic theories and indicators. At times, the idea seemed to be very real that the theories of limited supply and demand and negative debt-to-income ratios had transformative power over the health of the business and the welfare of our employees.
But I had learned throughout my career, when needs arose, to turn wholeheartedly to what I understood to be the one source of unlimited supply – God and His infinite resources. My confidence in His provision came from studying Biblical examples where events defied the belief that natural resources or people were the source of what was needed and, thus, limited. Human needs were met under impossible economic circumstances – manna to feed a nation in the desert for decades and loaves and fishes to feed the hungry thousands are just two examples that come to mind – showing how the divine law of balance holds everything in perfect order, supply as well as demand.
Were these anomalies in the science of economics? Or, were they evidence of spiritual laws of God that govern one and all?
Mary Baker Eddy, a Christian metaphysical thinker, healer and writer, had this to say about how the laws of God supply our needs: “God gives you His spiritual ideas, and in turn, they give you daily supplies.” (Miscellaneous Writings pg. 307) I understand this to mean, not that God gives or produces material benefits, but rather, he has already endowed His children with creativity and intelligence and provides all the right resources to meet our needs.
Others have experienced how God’s law of good can fulfill a need. This published account tells of an individual who faced a great business challenge when he was asked to take over running a large construction company that had serious management and financial problems.
As he listened each day for God’s guidance and ideas, he no longer felt that he was personally responsible for steering the business and meeting the needs of its creditors or employees. The idea came to sell the business, and in a short while that was successfully accomplished. Even more significant was, within six months of the sale, the interest rate almost doubled which would have triggered a liquidation of the business. Instead it thrived, debt-free, under its new owner.
Theories and assumptions which underlie the predictions of our economy – locally or globally – involve limitations that fluctuate with each market hiccup or global unrest. But, the unchanging, eternal law of God’s provision to meet every need has stood the test of time and is something we can always count on.
This article can be read in Metroland Media news sites. Read here in Niagara This Week.