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Ecthy
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Zhonghuà Rénmín Gònghéguó
Mar 2000
time: 06:16
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Short time ago, Starchild posted a thread asking about economic powers, and someone posted this link:
http://www.geohive.com/charts/ec_gdp1.php
It lists the US as 1st, as usual. Now under the US of A there used to be Japan and then Germany, followed by France and the like.... but what do I see up there? China and India have both overtaken Germany during the last, say, five years?!
And it even lists China with a GDP loss of 7% compared to 99, with most recent stats of 2000. India's economy seems to have grown by 20%, which is a usual figure for a developing country, but look at the regions India is moving in... I mean, how big will that country's economy be when it is higher developped... it might overtake the EU and the US even!
In some way, this was supposed to 'happen'... Look at their population numbers, and China is sort of communist as well, so they sure can coordinate their labour force better than a free economy. That doesn't mean their GDP is higher, but I'd suppose they can get over a crisis or another more well-coordinated than a market economy... but I'm not the economics person, so you tell me 
Do you think a higher weight of foreign economies will not only outdo the western economies but also grow at the cost of our living standards?
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Ecthy
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Zhonghuà Rénmín Gònghéguó
Mar 2000
time: 06:16
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Finland ranks 49, BTW
Germany losing 2 ranks was just an example for developing countries gaining economic importance...
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Bereta_Eder
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Fook. We used to be 23! Now 37th. But the economy is advancing by 4,6% a year. What the fook happened?
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Bereta_Eder
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this list is biased.
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lightblue
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L'Boro, UK
Oct 2001
time: 05:16
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No suprise that China and India are so far up, it's absolute GDP. Now GDP per capita, that's a stat (go Luxembourg!).
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DanS
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Kickball Capital of the World
Jan 1970
time: 00:16
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The reason why y'all are surprised at the numbers is because they are probably PPP (purchase power parity)--i.e., it takes into account how much it costs to buy something in the country.
China jumps from $1.1 trillion on an exchange rate basis to $5.9 trillion on a PPP basis. So you can see that it has quite an effect. On an exchange rate basis, Germany's economy is still about twice China's.
Last edited by DanS on 13-12-2001 at 05:20
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All times are GMT. The time now is 05:16.
Apolyton Time is 00:16. |
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13-12-2001 01:42
@ Andz
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