June 29, 2009
Which group of countries will have the best total economy in 2050? OPINION?
Kevin asked:
A) Taiwan + Korea + China + Japan + Mongolia B) U.S. + Europe + Australia + Canada
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A) Taiwan + Korea + China + Japan + Mongolia B) U.S. + Europe + Australia + Canada
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Filed under Economics by kris
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Comments on Which group of countries will have the best total economy in 2050? OPINION? »
according to my boyfriend A
Really hard to choose, but if I had to I'd say A. Because of the massive amounts of exports thy produce.
Canada and China are going to be key players in the coming years.
A…
We get all of our goods from A, one day we're going to be too lazy to make anything for ourselves. 'Nuff said.
A would come out top because, as you know i hope that most of B countries are in deficit debt, and buy more than sell ,and A counrties sell more than buy, which means that they get more money in for their econ
Probably A. But only by the ratio of the two's population so I say by 1 to .666. I think each individual will earn the same much though.
To the person who answered after me-
Hey, who said China is going to forever be the supplier of cheap goods. Soon enough, they will start to make better items as there economy rises. This is what happened in Japan. During the 1970 everything cheap is "Made in Japan". This will probably happen to China in a few decades as it happened to Japan. China's condition of living is suppose to rise to an HDI of .94. The western nations is suppose to rise to .97 by 2050. This is like living in Hong Kong compared to Australia right now. If you go to Hong Kong and then Australia, you wouldn't be able to tell who has a more comfortable way of living. It will be pretty equal, besides the fact that it is more crowded in Hong Kong. Simply because people earn very less in China right now doesn't mean it will stay that way. I guess in around 30 or something years, the living conditions of the East Asian countries will rise to those similar of the west. It has yet to get better. It happened to Japan and now China is rising FASTER than Japan did before. Korea and Taiwan already have a pretty good condition of living and is still on the rise. The only country by 2050 in East Asia with living conditions less than those of the west would probably be Mongolia. Besides, Eastern Europe is pretty poor right now too although Russia is rising pretty darn fast. East Asia will have a larger economy because its population outnumbers the west by 3 to 2.
Very tough question to answer. It seems logical to think A would have the best economy just because of the sheer number of people and the fact that the have nots in china are starting to be able to afford some of the basic luxuries that everyone here already has. 1.3 billion people are going to be wanting to buy alot of stuff pretty soon and that can really propel their economy, but on the other hand, we only buy so much crap because its cheap and we have chinese making it for 13 cents per hour. Who's going to make cheap crap for the chinese to buy? Im guessing Africa will. Then their economy starts growing and before you know it, they are leaders. I think US could always be on top though as long as we are innovative & educated about wealth.