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09-01-2012, 09:03 AM
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1,627 posts, read 256,808 times
Reputation: 295
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Quote:
Originally Posted by britinparis
In contrast, Russia's was only $16,736
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$33,000, acording to the conservative estimate. But GDP represents GDP - nothing more. Not income, not wealth, not even the value of products and services... just GDP.
A very simple example of the GDPs deficiency:
What's the value of this complex?
dimas_vl -
The market value of apartments alone is about 70 billion roubles. But they are provided for free, and only half of that amount went to the GDP.
Free products and services are not measured by PPP - and are not included in the estimate I provided.
Another example: there are megatons of Korean (among others) electronics in Russia, imported and sold illegally (so called grey imports) - they contribute to Korea's GDP, but not to Russian, at least not the full amount.
Even without all shortcomings, GDP wouldn't represent personal incomes. Let alone quality of life, which is really hard to measure or compare. Try to weigh, for example, crazy Korea's work culture.
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09-01-2012, 11:12 AM
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Location: England
7,593 posts, read 2,666,174 times
Reputation: 2696
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GDP per capita is irrelevant, I have no idea why people rely on it so much when comparing the wealth of nations - as the above poster mentions, it doesn't represent the wealth of the average person living in that country, it doesn't represent total income, or anything remotely like that.
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09-01-2012, 02:07 PM
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3,294 posts, read 1,009,273 times
Reputation: 1642
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poland and estonia i suspect are not too far off being developed , id also add in chile which is well ahead of the rest of south america , south africa is still too poor on average to be considered developed , saudi arabia , UAE , those gulf nations , only a minority are super wealthy so they too are not yet developed in the way western europe and north america is
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09-01-2012, 04:44 PM
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1,627 posts, read 256,808 times
Reputation: 295
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Quote:
Originally Posted by irish_bob
poland and estonia i suspect are not too far off being developed
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Estonia has 3rd world incomes, and lacks domestic jobs. |
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09-01-2012, 05:41 PM
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310 posts, read 144,198 times
Reputation: 182
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What measures are we using, exactly? As russiaonline has illustrated, GDP and GDP per capita are useless measurements for growth. One leaves things out and the other benefits specific types of countries (small, usually with one grand city). Maybe we can use Human Development Index, but by that standard, it should be Spain and not South Korea that should be fighting for its "developed" status...
Based on my opinion, however, I believe the following are semi-developed:
South Korea, Taiwan, Kuwait...
Notice how all of these countries are tiny...
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09-01-2012, 11:00 PM
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Location: Irvine
252 posts, read 104,595 times
Reputation: 90
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Malaysia--look at how modern Kuala Lumpur is. Emerging economy as well. Just as developed as Mexico.
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09-02-2012, 11:31 AM
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Location: Fife
5,039 posts, read 2,100,248 times
Reputation: 2160
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09-02-2012, 01:45 PM
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3,294 posts, read 1,009,273 times
Reputation: 1642
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Quote:
Originally Posted by russiaonline
Estonia has 3rd world incomes, and lacks domestic jobs.
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a third world income is less than $3000 per year in my book , estonia is above $15,000 , its richer than russia per head by a distance |
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09-02-2012, 02:01 PM
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Location: Paris, France
320 posts, read 339,317 times
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Estonia is in the euro zone -- so it is developed.
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09-03-2012, 07:25 AM
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1,627 posts, read 256,808 times
Reputation: 295
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Quote:
Originally Posted by paull805
Parts of plenty of cities in the UK can come under semi-developed
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Poverty and disrepair is present in all rich countries - that's just life. |
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