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Invech, Making Timor Leste the World's 1st Fully Functioning Blockchain Smart-City

Human capital is the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers or their community: Education is an investment in human capital that pays off in terms of higher productivity. The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them; the education, experience, and abilities of employees have economic value for employers and for the economy as a whole.


Unequal Distribution of Household or Individual Income Across the Various Participants in an Economy

It is often presented as the percentage of income related to a percentage of the population. For example, a statistic may indicate that 70% of a country’s income is controlled by 20% of that country’s residents. Contributing Factors: Quality Education. It is noted in countries that provide higher-quality secondary education across the economic spectrum, there is much less income disparity. Competition for talent creating a salary divide Stagnant wages also play a big role in inequality while the diminished influence of labor unions has also led too flat or declining wages among workers. Increased demand for high-skilled workers adds to a widening wage gap. Companies are investing heavily to develop a highly skilled workforce, which is driving wages up for high-skilled workers. This leads to the de-emphasis or automation of low-skilled functions pushing down wages for low-skilled workers. More about Invech here.


Invech, Making Timor Leste the World's 1st Fully Functioning Blockchain Smart-City

Invech Cryptocurrency Exchange is a cryptocurrency exchange spearheaded by Invech Group. Invech has their own platform tokens called Invech Coins or IV which run on the ERC20 platform. Licensed and endorsed directly from the Timor Leste Government, Invech's license covers the whole blockchain and cryptocurrency framework, including cryptocurrency exchanges, ICOs, mining farms, blockchain solutions and etc. It is also the first blockchain / cryptocurrency service coming out of Timor Leste. The Democratic Republic of Timor-Leste, or East Timor in English, is the 1st New Sovereign State of the 21st century. It is located in Southeast Asia, with a population of around 1.3 million. Sharing borders with Indonesia, the sovereign state comprises the eastern half of the island of Timor and several other nearby islands. The country restored its sovereignty in 2002 after the Indonesian occupation. Timor Leste’s decades-long independence struggle against Indonesia impaired much of its economic infrastructure, reducing it to Asia’s poorest country.

Today, they are still rebuilding and rectifying the pre-independence adversity. And Invech hopes to be the channel for the people of Timor Leste to enhance and transform the economy status. Thus, creating a sustainable economy, and at the same time a tech-savvy and advance, blockchain nation. Check more on https://www.invech.io


Timor Leste is known to have adopted the US$ as its legal tender. Together with the US$, they also accept Indonesian Rupiahs (IDR) and their very own coins called Centavos. After the occupation by the Indonesian forces, Timor-Leste adopted US Dollars as its official currency in the year 2000 due to many inevitable factors. Today, the absence of a national currency has constrained its monetary and exchange rate policies. There are neither any interest rate policy, nor broad money management, nor reserve ratio requirements. Rendering the country’s Central Bank less power and unable to act as a lender and providing liquidity to their own banking system, small medium enterprises and citizens, should the need arises which more often than not, does. As it is, they are using a ‘front-loading’ fiscal policy mainly with the aid of a now depleting petroleum the reserve which signs up to the Santiago Principles of Sovereign Wealth Funds management, earning them an average of ~2%-4% annually; and timely humanitarian funds from the UN. This strategy denies plans for broad money management. Causing unachievable long term goals.

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