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About sunny17

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    Advanced Member
  • Birthday 03/26/1985
  1. Whats it about "Asian" countries

    Many of the predictions came true. The "S" of brics does not really belong to the group - the real term should be BRICMIN* Yes the ride for them wont be smooth, but unless one or more of them face USSR style disintegration, they should account for 7 of the top 10 economies of 2050. * = Mexico, Indonesia and Nigeria
  2. Typical thai incomes

    And the battle rages on..... I started the thread to ask about the incomes of a third "second world" country, but now the debate has morphed into matters of the "fourth world"
  3. Whats it about "Asian" countries

    A very good post, but there are couple of hits and misses in it. Asians ARE a collectivist society, not individualistic like the western world. But a very good point, that maybe its their collectivist mindset, which makes it easier to "manage" them. It is the easiest thing to prove that China, India and East Asia were richer than Europe, throughout known history (except selected parts of Europe, like Rome), till about the 16th century (when Europe started its colonial expansion). Again fantastic point, that its all about harnessing the core values. btw, this bit is true everywhere not just in SE Asia. The best results are obtained in the west also, by harnessing the core values - eg - best way to harness the core values of an individualistic society is to foster private entrepreneurship. Yes, from 1960 onwards, East or South-East Asian countries have been the 3 fastest growing economies in the world and this is expected to continue till 2050. Ireland is an exception. Question is why cant other under-developed parts of the world (including many parts of Europe) emulate this growth rate? Could it be because others are "neither here nor there" - they aren't so individualistic like western europe/north america - so encouraging private entrepreneurship doesn't do much for them, AND nor are they collectivist enough for "sustainable state sponsored capitalism" to make much of a difference ? PS - Japan is an exception. They ARE a collectivist society, but with great private entrepreneurship culture. But then Japan is a peculiar mix of east and west in so many other ways also.
  4. Whats it about "Asian" countries

    I think know what you are talking about. And their consequences were disastrous (even Russia tried it) Maybe we could call it "sustainable state sponsored capitalism" - that was certainly not perfected by the Germans of yore. Only in the hands of East Asian countries, did they have lengthy periods of growth, using this technique. So back to square one!
  5. Whats it about "Asian" countries

    China is communist only in its power structure. Not in its economic outlook. The economic policies of communism DOES NOT work, as evidenced by ussr, east germany and north korea. The last two are significant, since their blood brothers were doing very well, whilst they were floundering. The type of economy China has is called "state sponsored capitalism". In fact that may have part of the answer to my original question. This "state sponsored capitalism" is very much an "east asian" thing.
  6. Whats it about "Asian" countries

    The Chinese "horror story" involves 300 millions people going from subsistence income to becoming middle class consumers. And such a meteoric rise in GDP, that it has displaced USA as the biggest economy. If Ireland is only "thank you EU", then maybe the EU can bail out the Belarus's and Albania's also - fat chance! As for "different countries", most of the rest have a "flat" (i.e <4%) growth story.
  7. Whats it about "Asian" countries

    right. As we discuss, Belarus, Kenya, Bolivia and Greece are at the lower end of the GDP ladder. Will they be doubling their economic output/GDP in 12 years? Think about it. PS: Japan did so in the 60ies, Korea in the 70ies, China in the 90ies and India in the last 12 years. Ireland in the 90ies.
  8. Whats it about "Asian" countries

    I am not talking of Western European countries like UK, France, Germany, USA, Canada and Holland (most of whom live off their colonial loot or were born out of genocide) I am talking of eastern European countries, Balkan and Mediterranean countries, I am talking of Latin america and Africa and Asian countries that are not "mongoloid". As for per capita, I have clarified before, except japan and Korea no one can match the "Atlantic" countries. However the article makes no mention of per capita income - you are creating a straw-man argument here. Whether they can or cannot sustain the growth or whether resources run out - is another question - and for the future. The fact of the matter is this - it is already a fact (i.e. it has already happened in the past, so you cannot wish it away) that first japan, then Korea, Taiwan, Singapore, then China and India have grown at 8% or more. Also Ireland. MOST ARE MONGOLOID/"Asian" countries - that was my moot question. Why only them? And Thailand, Malaysia, Indonesia, Philippines and Vietnam are going to follow at breakneck speed from here on. Why doesn't the list say (for example) Ukraine, Bolivia, Kenya and Vietnam are going the be the fastest growing for the next 30 years - then it would be a more demographically balanced list.
  9. Whats it about "Asian" countries

    Alcoholics, philosophers and real estate brokers, coming to the same conclusion as the trained economists at PWC - is quite new. Cheers!
  10. Whats it about "Asian" countries

    Nowhere in the article/study does it say that "per capita income" will rise above today's developed countries. Only the GDP will increase more than most western countries. The "per capita income" or standard of living, will continue to be highest in western europe and north america, with the addition of Japan, Singapore and south Korea. Don't buy these figures if you don't want to, but PWC's research was done by qualified economists and other studies and projections (world bank, IMF etc) - also done by experts, concur. This kind of nay saying was going on 15 years ago also, but in these 15 years China and other SE Asian countries kept growing at 6+ But the moot question was, what is it about these "asian" countries, that makes them grow at these astronomical rates and why cant others emulate.
  11. Hi - here is a study by PWC, about the world in 2050. https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html I request you to go through the webpage, the more interested among you can download the pdf file - its fascinating. Long story short, it says that the economic power of the world will shift to SE Asia, with China having a 60 Trillion economy, India 40T, and all other east Asian countries (japan, korea + ASEAN + Bangladesh) pulling in another 45-50 trillion. Only USA among western countries will come close with about 40 Trillion, and western Europe could pool in another 35 T. But my question is not about the PWC paper itself but an implication of these projected numbers , if it comes true. From around 1965, the only countries that have, at some point, doubled their GDP in twelve years or less (or will do so before 2050, per this study) are - Japan, Korea, Singapore, Taiwan, China, India, Malaysia, Ireland, Indonesia, Vietnam, Philippines, Bangladesh, Thailand and Nigeria. Nigeria is oil rich. All the rest, with the exception of Ireland, India and Bangladesh are "Asian" (as in "east asian", or to use the correct anthropological term, "mongoloid") countries. What is it about these countries/people that they can produce such sustained rapid growth, despite many genocides, "great leap backward" and napalm deaths? Why cant other countries emulate them - the only western country in that grew fast in recent times was Ireland. I know Western European countries cant grow at this pace since they are developed already - but there are other "Western countries" aside of the Atlantic periphery. Why cant Latin american countries, African countries and Balkan and east European (ex-communist) countries grow like this (Poland is projected to do well though). Since this is a Thailand thread, Thailand is also projected to do well. Its already a middle income country, by 2050 it could be developed or close to it. PS - notice, most other (i.e, non-mongoloid) Asian countries do not do so well, unless they are oil rich.
  12. Typical thai incomes

    Instead of creating a thread I seem to have created a monster.
  13. Typical thai incomes

    "There are two kinds of education - one that teaches us how to earn a living and the other that teaches us how to live" - John Quincy Adams
  14. Typical thai incomes

    I never said it did. I was pointing out their "Earning slab"
  15. Typical thai incomes

    They must have taken the "farm laborers from Issan" as their reference point. But come to think of it, house + 2 cars = middle class in developed countries - so they are definitely "almost" hi-so in a "middle income" country like thailand.