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Short time ago, Starchild posted a thread asking about economic powers, and someone posted this link:
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?
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?
@ Andz
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