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DeMayonnaise
Joined: 02 Nov 2008
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 Posted: Mon Nov 15, 2010 11:07 pm Post subject: |
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USA! USA! USA! We're number 1! We're number 1!
Wait, being number 1 on here is a good thing, right? |
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UknowsI
Joined: 16 Apr 2009
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| Posted: Tue Nov 16, 2010 12:42 am Post subject: |
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The original list is pretty worthless as many of the countries with the most dept are also the countries with the most external assets. The one from the economists was much more interesting.
I am really wondering if East Asia will get the upper hand on the west in a few generations. The western economy's future isn't looking too bright. Maybe we are moving into prosperity by coming here. |
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el_magico
Joined: 14 May 2006
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| Posted: Tue Nov 16, 2010 10:33 am Post subject: |
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| UknowsI wrote: |
The original list is pretty worthless as many of the countries with the most dept are also the countries with the most external assets. The one from the economists was much more interesting.
I am really wondering if East Asia will get the upper hand on the west in a few generations. The western economy's future isn't looking too bright. Maybe we are moving into prosperity by coming here. |
Goldman Sachs projects Korea to have second highest GDP/capita in the world by 2050, but I wouldn't keep my fingers crossed to get rich by teaching English |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Tue Nov 16, 2010 11:56 am Post subject: |
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| el_magico wrote: |
| Goldman Sachs projects Korea to have second highest GDP/capita in the world by 2050, but I wouldn't keep my fingers crossed to get rich by teaching English |
I think those projections are based on if current growth rates stay essentially the same, which often doesn't happen. I don't doubt Korea's ability to go up a few steps on the scale, maybe even top 10, but I doubt they can contend for top spot. Especially when you have those city states who have it much easier to have a high per capita rating. And if Korea don't turn around those birthrate numbers, the task would be even harder. |
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