M1. INDICATORS (11) ON CURRENT AND DEVELOPING TRENDS IN 2000-11 IN 55 COUNTRIES
With the rates of economic growth we have dealt with recently in an articleParadox - the illusion of faster growth of GDP per capita in US$ than real economic growth - Comparative analysis for 69 countries‚ but with different pretensions:
1) to identify which countries, groups, the most vulnerable to the impact of the global economic crisis, and
2) to fully unmask the paradox that GDP per capita in current U.S. $, grows almost independently of the movement of rates of growth, but much more: (a) from depreciation U.S. $ as the de facto world of money, and (b) from unrealistic exchange rate parity.
In the article Economic movements (growth rate) 2000-12, in 55 countries ranked and segmented, our goal is different, more fundamental- and indicators contained in this article shall facilitate the achievement of this goal -:
1) once again (as we deal with this issue in many of the articles on this sitewww.radmilovicstanko.com) emphasize the enormous and far-reaching dedabalanse in economic growth rates between key countries and groups in the world, and
2) to discover / clarify as much as possible causes / factors on which it depends.
I am aware that the question of the imbalance in economic growth rates are quite different views and reviews, which are reduced approximately to:
(i) it is a well-known effect of low statistical base;
(ii) or, less statistical jargon, this is a elemenarnoj logic that is easier to achieve high growth rate at low levels of development, and vice versa.
That is true, but not the whole truth.
The table below shows that many countries with the same or similar baseline characteristics (as seen in many articles on this site, and otherwise, that are generally known facts) result in significantly different current and development results.
In order to obtain the desired information / answers, obviously require a wider and more versatile analigtička research. And this can not be achieved by looking investment and savings (accumulation), which we presented in the articleM2. Interaction between of economic growth, investment and savings (accumulation) - comparative analysis of the pre-crisis and crisis period, for 69 countries. And we did it just because many consider primarily the size of savings and investment (despite achieving more than weak domestic savings accumulation) is key to boosting economic development. But it is obvious that with only two or three, and several indicators, we do not know and discover much more.
- Quote paper
- Professor Doctor Stanko Radmilovic (Author), 2013, Current and developing trends in 2000-11 (55 countries, 11 indicators), Munich, GRIN Verlag, https://www.grin.com/document/267569