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Old 07-18-2017, 07:59 AM
 
Location: In the heights
37,155 posts, read 39,418,669 times
Reputation: 21252

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Quote:
Originally Posted by euro123 View Post
It has booming property market (tallest buildding, most expensive hotel), 2006 25% of all world's cranes were in dubai, its population doubled in less than a decade, the biggest stock exchange in the middle east, IT city. What other city in the world has such achievements in the 21st century?

Only Hong Kong can compare due to the rise of chinese economy + highest % of skyscrapers per sq.m and Tokyo (most populous) but neither of these has recent undertakings so to say...I'm hoping they do though as I love 'em.

I've never been to India btw but from what I've heard Bangalore beats Mumbai when it comes to IT and IT is India's most important industry.
It's booming from a tiny base which means it's still not that big. That percentage growth can't be sustained anyhow. Dubai isn't in the same category of importance as Shanghai or Mumbai.
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Old 07-18-2017, 08:23 AM
 
5,214 posts, read 4,022,912 times
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Quote:
Originally Posted by OyCrumbler View Post
It's booming from a tiny base which means it's still not that big. That percentage growth can't be sustained anyhow. Dubai isn't in the same category of importance as Shanghai or Mumbai.
China/India and their cities are only important in terms of GDP ("overall GDP") which is funny way to measure things because who cares that 2 billion random people taken together have wealth of 100 trillion or so?
Why not group random countries like Colombia, Kongo, Australia, Bulgaria, Ireland, Brazil? Their nominal GDP will be HUGE, this doesn't make such group important as they're as random as possible. Consider this, the Seychelles hold huge % of world's money because most hedge funds are based there, including the ones of Soros.

Dubai is in the same category, small place that attracts rich people.

India/China are the so called "useful idiots" - they can pave the way to a world without Western dominance and open the way to world where Saudi Arabia, Israel, Japan etc will be the ultimate leaders in eveythiing, but China alone can't be leaders.
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Old 07-18-2017, 09:41 AM
 
9,229 posts, read 9,760,484 times
Reputation: 3316
Quote:
Originally Posted by euro123 View Post
China/India and their cities are only important in terms of GDP ("overall GDP") which is funny way to measure things because who cares that 2 billion random people taken together have wealth of 100 trillion or so?
Why not group random countries like Colombia, Kongo, Australia, Bulgaria, Ireland, Brazil? Their nominal GDP will be HUGE, this doesn't make such group important as they're as random as possible. Consider this, the Seychelles hold huge % of world's money because most hedge funds are based there, including the ones of Soros.

Dubai is in the same category, small place that attracts rich people.

India/China are the so called "useful idiots" - they can pave the way to a world without Western dominance and open the way to world where Saudi Arabia, Israel, Japan etc will be the ultimate leaders in eveythiing, but China alone can't be leaders.
I don't know what you mean. Do you know Beijing has the most billionaires in the world, not NYC, London or Dubai?

Japan will be the ultimate leader? Do you live in the 1980s?
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Old 07-18-2017, 09:57 AM
 
14,993 posts, read 23,896,013 times
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Quote:
Originally Posted by euro123 View Post
India/China are the so called "useful idiots" - they can pave the way to a world without Western dominance and open the way to world where Saudi Arabia, Israel, Japan etc will be the ultimate leaders in eveythiing, but China alone can't be leaders.
Nahhh. The term BRIC or BRICS was used earlier in this decade with the prediction that these emerging nations - Brazil, Russia, India, China (and South Africa) would more or less take over the world as the new economic force.
Now the term is a joke, obsolete. That theory was not realized because these economists forgot to realize some of there own training - these countries are still subject to the same rules of macro economic - meltdowns, overheating, inflation, and recession that comes from swift growth. There was no magic forumula in place in these economies. ALL of these countries are in severe economic slowdowns. India and China suffering from overbuilding and inflation (although still powerful economies with great potential), Brazil from corruption and overregulation, Russia is, well, managed like a corner gas station. Not to mention, you can categorize all these nations with different policies and political systems into one classification.
Extend this out to any prediction about any other emerging market.

Japan? Welcome to 1980 when that was the prediction then...then came Japan's "lost decade" in the 90s which they even yet have to recover from.
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Old 07-18-2017, 05:18 PM
 
4,668 posts, read 3,900,630 times
Reputation: 3437
Quote:
Originally Posted by euro123 View Post
China/India and their cities are only important in terms of GDP ("overall GDP") which is funny way to measure things because who cares that 2 billion random people taken together have wealth of 100 trillion or so?
Why not group random countries like Colombia, Kongo, Australia, Bulgaria, Ireland, Brazil? Their nominal GDP will be HUGE, this doesn't make such group important as they're as random as possible. Consider this, the Seychelles hold huge % of world's money because most hedge funds are based there, including the ones of Soros.

Dubai is in the same category, small place that attracts rich people.

India/China are the so called "useful idiots" - they can pave the way to a world without Western dominance and open the way to world where Saudi Arabia, Israel, Japan etc will be the ultimate leaders in eveythiing, but China alone can't be leaders.
It matters because they are a national market, its not just a bunch of random people. Those random countries you mentioned won't be major powers, except Brazil. Congo may be influential in a hundred years, but they have so much to fix.

Japan, Saudi Arabia, and Israel have all peaked in power and influence.

China, India, Brazil, Indonesia, EU, and USA are the future major powers. I don't see anyone being a super power in the next hundred years. I'd say it's debatable if the US is still a super power now.
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Old 07-22-2017, 10:28 PM
Status: "From 31 to 41 Countries Visited: )" (set 10 days ago)
 
4,640 posts, read 13,921,991 times
Reputation: 4052
Emerging entrepreneurial situation on the realistically applicable horizons. Much established significant original foundation already going on at the entrance of Shanghai to the thriving final results of activity. Regarding Mumbai, there just isn’t enough economic wealth preexisting long term with adequate ample modern resources around at a sustainable high carrying capacity pace compared to Shanghai. Overly rustic not delivering the fast mountains of cash return for the annual business revenue. Especially for a store to the customers ratio. Favorable conditions of a logical order is relatively ubiquitous at the immediate periphery in Shanghai. Mumbai’s rules of these systems continues with the tone of obscure, yet easygoing.
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