Funding for Mapping/Analytical Projects

Here in the US we know about the Highway Trust Fund which is being extended by short term measures, this fund funds many GIS/Geomatics projects.  Other government funds fund research in Meteorology through the University Corporation for Atmospheric Research.  And has been the pattern since much of last century, many day to day things are funded via government grants and contracts.

What about overseas?  We know the US Federal Reserve is tasked to manage the domestic economy.  In the July/August 2014 issue of Foreign Affairs magazine, it has a very interesting article on the unintentional international aspects of US monetary policy.  Since my recent posts have been about GIS/Geomatics in India, I will focus on them as they are prominently mentioned in the article.  The US Dollar is the primary form of international currency.  As the US economy has improved, the US Federal Reserve has started to cut back on their Quantitative Easing policies of dumping dollars into the economy, when this happens the Federal Reserve pays attention to the US economy as is their legal mandate, but it hurts mid-tier counties when the Federal Reserve starts cutting back.  Investors get a better return in the US so currency and bonds are withdrawn from countries like India, slowing their economies.

This all started around 2008 at the downturn, it is about getting the worldwide economy back to a stable point for worldwide investment.  When the US Federal Reserve cuts back, many investors head to the safer markets in the US, pulling out of markets like India and other similar economies like Brazil, Indonesia, South Africa, and Turkey.  India, one of the BRICS countries has tried to set up their own funding which no country has contributed to.

So while the US Federal Reserve is only mandated with the domestic US economy, I would expect it has eyes on overseas economies.  So any company that works with governments for infrastructure improvement and public safety should also watch the international financial markets so you can gauge the responses to international government budgets to get contracts to improve countries around the world.


About Chuck Schoeneberger

Former forecaster at Meridian Environmental Technologies Inc (now a Interis Company), with a background in GIS and LiDAR, with other stints at GeoSpatial Services of Winona, MN and Aerometric (Now Quantum Spatial) of Sheboygan, WI. He is a weather technologist for public storm safety from a local to international level. LinkedIn Profile: His views are his own and not of his employer.
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