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Who has a bigger per capita GDP?
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Wed Feb 27, 2008 3:22 am    Post subject: Who has a bigger per capita GDP? Reply with quote

Singapore or Saudi Arabia. Believe it or not it's Singapore:

https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html#Econ
https://www.cia.gov/library/publications/the-world-factbook/geos/sa.html#Econ

Singapore
GDP - per capita (PPP):
$48,900 (2007 est.)

Saudi Arabia
GDP - per capita (PPP):
$20,700 (2007 est.)

Think about it. Singapore has no natural resources. It doesn't even have enough water. It needs to import water. Saudi Arabia is awash in oil. How do you turn an island with zero resources into a rich nation? Trade.
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butlerian



Joined: 04 Sep 2006
Location: Korea

PostPosted: Wed Feb 27, 2008 4:29 am    Post subject: Re: Who has a bigger per capita GDP? Reply with quote

mindmetoo wrote:
Singapore or Saudi Arabia. Believe it or not it's Singapore:

https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html#Econ
https://www.cia.gov/library/publications/the-world-factbook/geos/sa.html#Econ

Singapore
GDP - per capita (PPP):
$48,900 (2007 est.)

Saudi Arabia
GDP - per capita (PPP):
$20,700 (2007 est.)

Think about it. Singapore has no natural resources. It doesn't even have enough water. It needs to import water. Saudi Arabia is awash in oil. How do you turn an island with zero resources into a rich nation? Trade.


What can u trade if you have zero resources? I think ur referring only to physical resources.
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Wed Feb 27, 2008 6:21 am    Post subject: Re: Who has a bigger per capita GDP? Reply with quote

butlerian wrote:
What can u trade if you have zero resources? I think ur referring only to physical resources.


Yes, I'm talking "natural" resources. Like oil, iron. wood. Many people seem to think sitting on top of natural resources is a ticket to riches. It is not necessarily so.
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luvnpeas



Joined: 03 Aug 2006
Location: somewhere i have never travelled

PostPosted: Wed Feb 27, 2008 6:27 am    Post subject: Reply with quote

Switzerland is probably similar--no natural resources. Come to think of it, South Korea is similar.
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Scamps



Joined: 01 Feb 2008

PostPosted: Wed Feb 27, 2008 10:04 am    Post subject: Reply with quote

I remember reading Luxembourg and Norway were at the top of the list.
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Wed Feb 27, 2008 4:12 pm    Post subject: Reply with quote

Consider Nigeria or even Venezuela as of late. Both nations are sitting on a ton of oil. Not exactly Singapore or Switzerland either, eh?
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Justin Hale



Joined: 24 Nov 2007
Location: the Straight Talk Express

PostPosted: Wed Feb 27, 2008 4:53 pm    Post subject: Reply with quote

Singapore is a straightforwardly superior nation-state and culture.
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Wed Feb 27, 2008 6:05 pm    Post subject: Reply with quote

Because culture is obviously something that is either better or worse than someone else's and must be ranked. Confused
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Justin Hale



Joined: 24 Nov 2007
Location: the Straight Talk Express

PostPosted: Wed Feb 27, 2008 6:09 pm    Post subject: Reply with quote

JustJohn wrote:
Because culture is obviously something that is either better or worse than someone else's and must be ranked. Confused


Nailed it Mr. Green
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Wed Feb 27, 2008 7:33 pm    Post subject: Reply with quote

Thomas Friedmann says countries with natural resources have the option of squandering the resources and not doing the hard work of developing infrastructure and education. I think he has a point.
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Saxiif



Joined: 15 May 2003
Location: Seongnam

PostPosted: Wed Feb 27, 2008 7:41 pm    Post subject: Reply with quote

Ya-ta Boy wrote:
Thomas Friedmann says countries with natural resources have the option of squandering the resources and not doing the hard work of developing infrastructure and education. I think he has a point.

Thomas Friedmann, master of the blindingly obvious!

Also: http://en.wikipedia.org/wiki/Dutch_disease
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BS.Dos.



Joined: 29 Mar 2007

PostPosted: Wed Feb 27, 2008 8:10 pm    Post subject: Reply with quote

Singapore owes its success to two things:

Location - central to both India and China
Thomas Raffles

I know this because the Discovery Channel said so.
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Wed Feb 27, 2008 10:26 pm    Post subject: Reply with quote

BS.Dos. wrote:
Singapore owes its success to two things:

Location - central to both India and China
Thomas Raffles

I know this because the Discovery Channel said so.


Location location location. But you can still have a good location and fumble it.
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santafly



Joined: 20 Feb 2008

PostPosted: Thu Feb 28, 2008 1:14 am    Post subject: Reply with quote

The GDP per capita difference here could have something to do with many Saudi women not having jobs (just a guess based on middle eastern stereotypes - haven't been there/done any research)
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luvnpeas



Joined: 03 Aug 2006
Location: somewhere i have never travelled

PostPosted: Thu Feb 28, 2008 2:00 am    Post subject: Reply with quote

Justin Hale wrote:
Singapore is a straightforwardly superior nation-state and culture.


Quote:
The Ministry of Home Affairs�s Internal Security Department of Singapore enforces the country's Internal Security Act (ISA) as a counter to potential espionage, international terrorism, threats to racial and religious harmony, and subversion. The ISA permits indefinite detention without formal charges or recourse to trial and has been used to imprison political opponents, including Chia Thye Poh, who was held for 32 years without trial before being released. As of 2005, 36 men are being held under the ISA.[1]

... In 2007, Singapore ranked 141th out of 167 nations by Reporters Without Borders in the Worldwide Press Freedom Index. Government pressure to conform has resulted in the practice of self-censorship by journalists.[2]

Singapore uses the death penalty extensively and has, according to Amnesty International, the world's highest execution rate relative to population size.[1] The government has contested Amnesty's assertion that this constitutes violation of human rights. Caning, in addition to imprisonment, remains a routine punishment for numerous offenses. Internment has been used to deal with espionage, terrorism, organized crime, and narcotics. Citizens� privacy rights occasionally have been infringed, and the government has restricted freedom of speech and freedom of the press and has limited other civil and political rights. Censorship of sexual, political and racially or religiously sensitive content is extensive.

Singapore does not offer a civilian service alternative to two-year compulsory military service. Four conscientious objectors, all members of the banned religious group Jehovah's Witnesses, were imprisoned in 2004.[1]

http://en.wikipedia.org/wiki/Human_rights_in_Singapore
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