How many times have you heard a colleague preach about the importance of achieving a healthy work-life balance? For a lot of self-helpers, achieving an equilibrium between the personal and the professional is the definition of happiness. But doesn't striking a balance between the two imply having to make trade-offs between them — sacrificing work ambitions to live a fuller life, or vice-versa?
For this reason, Big Think Mentor Stewart D. Friedman believes we should aspire to harmony or integration rather than a work-life balance. And he would know — he's a busy man. Friedman is both a professor at the Wharton School of Business at the University of Pennsylvania as well as founding director of the Wharton Leadership Program and Wharton's Work/Life Integration Project. He is also the author of the new book Leading the Life You Want: Skills for Integrating Work and Life.
Just as that title suggests, the key to happiness is to identify opportunities in which you can integrate different areas of your life rather than relying on a zero-sum contest between them. In his Big Think Mentor Workshop, Friedman explains how achieving a "Four-Way Win" between the areas of your life can help you do just that:
According to Friedman, a Four-Way Win is a decision that creates harmony between your self, family, community, and work/career and contributes to your goals in each domain. Finding opportunities to so so becomes much easier once you know how to seek them out. According to Friedman, there are three guiding principles to keep in mind:
Want to learn more about Four-Way Wins and? Check out Stewart Friedman's workshop, Lead The Life Your Want, on Big Think Mentor.
Big Think Mentor, our paid subscription channel on YouTube, connects world-class mentors with a global community of smart, driven users to teach the habits of mind and people skills we need to live happier, healthier, more productive lives.
Priced at only $9.99 a month/$99.99 a year, and with content updated regularly, Mentor teaches 21st century life skills such as achieving focus through meditation, dealing with feedback, raising children with a thirst for knowledge, and more.
You can sign up for a free trial of Big Think Mentor and watch more videos from Stewart D. Friedman here.
What is the price of peace?
Or put another way, how much better off would we all be in a world where armed conflict was avoided?
Around $14.4 trillion in 2019, according to the Institute for Economics and Peace (IEP) which crunched the numbers. That's about $5 a day for every person on the planet.
To give some context, 689 million people - more than 9% of the world's population - live on less than $1.90 a day, according to World Bank figures, underscoring the potential impact peace-building activities could have.
Just over 10% of global GDP is being spent on containing, preventing and dealing with the consequences of violence. As well as the 1.4 million violent deaths each year, conflict holds back economic development, causes instability, widens inequality and erodes human capital.
Putting a price tag on peace and violence helps us see the disproportionately high amounts spent on creating and containing violent acts compared to what is spent on building resilient, productive, and peaceful societies.
—Steve Killelea, founder and executive chairman, Institute for Economics & Peace (IEP)
The cost of violence
In a report titled "The Economic Value of Peace 2021", the IEP says that for every death from violent conflict, 40 times as many people are injured. The world's 10 most affected countries are spending up to 59% of their GDP on the effects of violence.
Grounds for hope
But the picture is not all bleak. The economic impact of violence fell for the second year in a row in 2019, as parts of the world became more peaceful.
The global cost dropped by $64 billion between 2018 and 2019, even though it was still $1.2 trillion higher than in 2012.
In five regions of the world the costs increased in 2019. The biggest jump was in Central America and the Caribbean, where a rising homicide rate pushed the cost up 8.3%.
Syria, with its ongoing civil war, suffered the greatest economic impact with almost 60% of its GDP lost to conflict in 2019. That was followed by Afghanistan (50%) and South Sudan (46%).
The report makes a direct link between peace and prosperity. It says that, since 2000, countries that have become more peaceful have averaged higher GDP growth than those which have become more violent.
"This differential is significant and represents a GDP per capita that is 30% larger when compounded over a 20-year period," the report says adding that peaceful countries also have substantially lower inflation and unemployment.
"Small improvements in peace can have substantial economic benefits," it adds. "For example, a 2% reduction in the global impact of violence is roughly equivalent to all overseas development aid in 2019."
Equally, the total value of foreign direct investment globally only offsets 10% of the economic impact of violence. Authoritarian regimes lost on average 11% of GDP to the costs of violence while in democracies the cost was just 4% of GDP.
And the gap has widened over time, with democracies reducing the cost of violence by almost 16% since 2007 while in authoritarian countries it has risen by 27% over the same period.
The report uses 18 economic indicators to evaluate the cost of violence. The top three are military spending (which was $5.9 trillion globally in 2019), the cost of internal security which makes up over a third of the total at $4.9 trillion and homicide.
Peace brings prosperity
The formula also contains a multiplier effect because as peace increases, money spent containing violence can instead be used on more productive activities which drive growth and generate higher monetary and social returns.
"Substantial economic improvements are linked to improvements in peace," says the report. "Therefore, government policies should be directed to improving peacefulness, especially in a COVID-19 environment where economic activity has been subdued."
The IEP says what it terms "positive peace" is even more beneficial than "negative peace" which is simply the absence of violence or the fear of violence. Positive peace involves fostering the attitudes, institutions & structures that create and sustain peaceful societies.
The foundations of a positively peaceful society, it says, are: a well functioning government, sound business environment, acceptance of the rights of others, good relations with neighbours, free flow of information, high levels of human capital, low levels of corruption and equitable distribution of resources.
The World Economic Forum's report Mobilizing the Private Sector in Peace and Reconciliation urged companies large and small to recognise their potential to work for peace quoting the former Goldman Sachs chair, the late Peter Sutherland, who said: "Business thrives where society thrives."
Reprinted with permission of the World Economic Forum. Read the original article.
Velociraptor Dinosaur in the Rainforest
About 66 million years ago, a massive asteroid slammed into present-day Chicxulub, Mexico, triggering the extinction of dinosaurs. Scientists estimate the impact killed 75 percent of life on Earth. But what's remained more mysterious is how the event shaped the future of plant life, specifically tropical rainforests.
A new study published in Science explores how the so-called bolide impact at the end of the Cretaceous period paved the way for the evolution of our modern rainforests, the most diverse terrestrial ecosystems on Earth.
For the study, researchers analyzed thousands of samples of fossil pollen, leaves, and spores collected from various sites across Colombia. The researchers analyzed the samples to determine which types of plants were dominant, the diversity of plant life, and how insects interacted with plants.
All samples dated back to the Cretaceous-Paleogene boundary, some 70 million to 56 million years ago. Back then, the region's climate was mostly humid and hot, as it is today. However, the composition and structure of forests were quite different before the impact, according to the study results.
For one, the region's rainforests used to have a roughly equal mix of angiosperms (shrubs and flowering trees) and plants like conifers and ferns. The rainforests also had a more open canopy structure, which allowed more light to reach the forest floor and meant that plants faced less competition for light.
What changed after the asteroid hit? The results suggest the impact and its aftermath led to a 45 percent decrease in plant diversity, a loss from which the region took about 6 million years to recover. But different plants came to replace the old ones, with an increasing proportion of flowering plants sprouting up over the millennia.
"A single historical accident changed the ecological and evolutionary trajectory of tropical rainforests," Carlos Jaramillo, study author and paleopalynologist at the Smithsonian Tropical Research Institute in Panama City, told Science News. "The forests that we have today are really the by-product of what happened 66 million years ago."
Today's rainforests are significantly more biodiverse than they were 66 million years ago. One potential reason is that the more densely packed canopy structure of the post-impact era increased competition among plants, "leading to the vertical complexity seen in modern rainforests," the researchers wrote.
The extinction of long-necked, leaf-eating dinosaurs probably helped maintain this closed-canopy structure. Also boosting biodiversity was ash from the impact, which effectively fertilized the soil by adding more phosphorus. This likely benefited flowering plants over the conifers and ferns of the pre-impact era.
In addition to unraveling some of the mysteries about the origins of South America's lush biodiversity, the findings highlight how, even though life finds a way to recover from catastrophe, it can take a long time.
