It's a bit silly to predict economies that far away. That completely ignores advances in technology and unforeseen events. This diagram has no merit at all.
I guess you can't spell economist without "Mist".
If you demand respect or gratitude for your volunteer work, you're doing volunteering wrong.
Well, most of the list makes sense since most less developed countries grow faster (or the same) and if they have a big population or a fast growing one they will overtake those which are much smaller in population.
So, they will be probably right in general with this projection about which countries will rise and replace other countries in front of them.
The thing is, I never understood why this is such a big deal for some people in a country to say that their country is so strong. Economies of countries like Norway, Netherlands or whatever are pretty small but the population doesn't really suffer from that. I don't have much from "I live in Europes biggest economy" and I wouldn't have a worse life in other European countries like Denmark with a much smaller population and GDP.
| Shadow1980 said: Should be moved to General or Politics Discussion. In any case, I do think it is always worth pointing out that population size and growth is a major component of GDP size and growth. If China's population was the same as the U.S.'s, then assuming the same per capita GDP their economy would be only a quarter the size what it currently is, and thus far, far smaller than the U.S.'s. China's population size has stabilized, but their economy is still growing at a decent rate because they continue to modernize and advance, thus driving per capita growth. India's population is both growing (expected to surpass China's by 2030) and as they continue to industrialize their per capita GDP (which is still way behind even China) will increase as well. Meanwhile, the U.S.'s population is only growing because of immigration. If all immigration to the U.S. ceased, the population would start to slowly shrink, and as a consequence GDP growth would slow considerably. It would still increase because real GDP per capita is still growing, but it's growing slowly because we're already a highly-advanced economy, and developed markets tend to grow slower than emerging markets/new industrialized nations on a per capita basis (Ireland is currently one notable exception as it's an advanced economy experiencing a massive per capita GDP boom). |
This is Nintendo territory. I just don't get you guys sometimes. I feel kinda sick. Not X-Games good sick, but sick-sick.
- "If you have the heart of a true winner, you can always get more pissed off than some other asshole."
SOOOO many things could happen in just the next 5 years let alone all the way to 2050.
Ah, good old Sony.
Anyway, the direction is pretty clear: rich countries are losing ground. Poorer countries have more room for improvement.
Very hard to predict what will happen in over 30 or so years when many unforeseen circumstances can affect the outcomes, all this assumes the current trajectory stays the same ...
I also don't think PPP is a great measure for comparison when it doesn't represent the true purchasing power with respect to the rest of the world ...
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