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At the rate MEXICO is going, I think Mexico needs to wait until there's is nominal GDP per capita of $18,000 $20,000, and they are not FAR from getting there, just check last year GDP per capita. I think by 2011 o 2010 they would reach as high as $17 or $18, if canada and mexico merge their economies it would be GREATER than GERMANY's economy.
Quote:
Originally Posted by grmike
To give the US the edge over the EU I think 2 things need to happen
1 make ties with the UK even stronger. Without the UK the EU I don't think could overcome a united North America
2 Mexico's per capita nominal gdp needs to be brought up to at least 12-15000 dollars. An 840 billion dollar economy for a country with over 100 million people, isn't going to do it.
If Canada and Mexico's combined nominal gdp can be brought up to equal Germany's gdp then North America is set.
At the rate MEXICO is going, I think Mexico needs to wait until there's is nominal GDP per capita of $18,000 $20,000, and they are not FAR from getting there, just check last year GDP per capita. I think by 2011 o 2010 they would reach as high as $17 or $18, if canada and mexico merge their economies it would be GREATER than GERMANY's economy.
Mexico does not need to wait. We're headed to meet them... And that's the whole idea behind this.
Mexico does not need to wait. We're headed to meet them... And that's the whole idea behind this.
I don't know it's hard to tell... USA cannot just open the borders just like that. Mexico needs to DO so many things before the uncle says it's okay. Just check their border with guatemala. The wealth distribution, poverty and drug lords, and corrupt people. Just compare the chinese economy, yeah it's boombing but the a LARGE part of chinese are still in poverty. Now divide their GDP by 100,000,000 of mexicans :S
I don't know it's hard to tell... USA cannot just open the borders just like that. Mexico needs to DO so many things before the uncle says it's okay. Just check their border with guatemala. The wealth distribution, poverty and drug lords, and corrupt people. Just compare the chinese economy, yeah it's boombing but the a LARGE part of chinese are still in poverty. Now divide their GDP by 100,000,000 of mexicans :S
At the rate MEXICO is going, I think Mexico needs to wait until there's is nominal GDP per capita of $18,000 $20,000, and they are not FAR from getting there, just check last year GDP per capita. I think by 2011 o 2010 they would reach as high as $17 or $18, if canada and mexico merge their economies it would be GREATER than GERMANY's economy.
no major economic forum, world bank, G8/G20, IMF, look at ppp gdp when sizing up a country's economy, they look at nominal gdp. According to that Mexico's gdp per capita in 2006 was a little over 8000 dollars US. That translated into an 840 billion dollar economy.
According to IMF estimates in 2008 Mexico's nominal gdp will be about 940 billion dollars in size making it about the size as Australia's.
Canada's GDP is expected to grow from 1.28 trillion to 1.53 trillion in 2008 with economies like Russia and Brazil coming in close behind.
Mexico's per capita gdp needs to grow to at least 15000 just to have the same sized economy as Canada.
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