Do you consider Greece, Portugal, Italy and Spain to be first world countries? (how much, tax)
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Wow Taiwan is above them,lol.
Yeah I get your point,but I feel that cultural aspects should probably also be considered into such ranking,and maybe democracy?The four of them are all quite Western.
It just feels weird that Portugal and Greece are taken down from the list....to me.
And don't they all have very high HDI?
Yeah, I get what you mean. It always feel weird when things change. IMF estimates Greece gdp per capita was 24700 in 1980 adjusted for inflation, today it is 24000. The requirement to be a first world country is not the same as 1980. If we never update what countries are first world and what countries are not, then the term will lose its meaning.
Except Naples. There is nothing that could convince me Naples is the first world.
Perhaps the fact that you can enjoy one of the best healthcare in the world? Or nonetheless good roads and infrastructure compared to third world?
I have seen Glasgow for example and it's not that better to give an example.
Yeah, I get what you mean. It always feel weird when things change. IMF estimates Greece gdp per capita was 24700 in 1980 adjusted for inflation, today it is 24000. The requirement to be a first world country is not the same as 1980. If we never update what countries are first world and what countries are not, then the term will lose its meaning.
Btw: Taiwan has in the same period increased from 10300 to 39700.
Yeah HDI is really inaccurate imo.
And Taiwan's 39700 USD is crazy,that's probably built by the nasty speculation of real estate here.Most people here are not wealthy at all,the Taiwanese corporations have their factories in China or SE Asia,and Ma's administration always takes them into account to create some kind of illusion that we have such a powerful GDP.
And this list estimated us to become the 3rd wealthiest economy from 2030 onward....
Wow seriously?WOW I'm speechless,that's totally impossible.That list looks like a fantasy novel,my jaw hit the ground when I saw we are ranked "that" high.Still laughing.
And Taiwan's 39700 USD is crazy,that's probably built by the nasty speculation of real estate here.Most people here are not wealthy at all,the Taiwanese corporations have their factories in China or SE Asia,and Ma's administration always takes them into account to create some kind of illusion that we have such a powerful GDP.
And this list estimated us to become the 3rd wealthiest economy from 2030 onward....
Wow seriously?WOW I'm speechless,that's totally impossible.That list looks like a fantasy novel,my jaw hit the ground when I saw we are ranked "that" high.Still laughing.
I don't think speculation of real estate is driving the gdp up, but I do agree taiwanese gdp per capita is overvalued.
This is why I think living standards are not so high
1. Taiwan work longer hours (2140) which means their productivity is lower
2. Inequality is quite high compared to countries on similar economic level.
3. GDP does not take into account the quality of infrastructure
4. Property prices are very high. That makes life harder for the average person, but some people benefit.
I don't think speculation of real estate is driving the gdp up, but I do agree taiwanese gdp per capita is overvalued.
This is why I think living standards are not so high
1. Taiwan work longer hours (2140) which means their productivity is lower
2. Inequality is quite high compared to countries on similar economic level.
3. GDP does not take into account the quality of infrastructure
4. Property prices are very high. That makes life harder for the average person, but some people benefit.
Speculation of real estate would make some contribution to the GDP data iirc.I'm not sure though.
And yeah people work very long hours here,one of the longest in the entire world,the inequality sucks,and due to the taxes of property dealing are as low as it could get,the rich can buy as many houses and lands as they want.The government is not doing anything to improve it because they are those that benefit from it.GDP per capita in Taiwan is definitely massively overvalued.
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There are prejudices against southern European countries in that question. That there are economic crisis (in variuous levels) in those countries, as well as in other countries of the Eurozone do not change their status.
There are prejudices against southern European countries in that question. That there are economic crisis (in variuous levels) in those countries, as well as in other countries of the Eurozone do not change their status.
Your argument makes no sense. Why can't an economic crises change their status? An economic crisis can seriously reduce standard of living.
Hell no.By that logic,New Zealand,Italy,and South Korea are not first world.
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