//Dil Se Desi// Growth Factors Of World Economy & Future Trends

Growth Factors Of World Economy & Future Trends 

 

There is no room for suspecting accounting standards of most developed countries however it is different in India or underdeveloped countries. Our exports have very little value additions and too are pushed from behind by huge under serving or illegal incentives. India ranks 135 places among 182 countries monitored by IMF.

 

In my earlier message I had stressed that small countries have abundant resources and can shoot ahead of India in no time.  

 

Recently an American policy maker observed at a seminar "25% of Silicon Valley companies are owned by Indians, 25% by Chinese, 25% by Germans and Rest by British and other European nationals". He was casually emphasizing the importance of contribution by immigrants though Americans also have done well.

 

1 Research & Development, 2 Qualified Workforces, 3 Natural Resources, 4 Discipline, 5 Political Stability and Peace.

 

The countries on top of the per capita chart are small countries with very low population. Iceland has only 3 people per sq.km. Norway has 15 people per sq.km and huge natural resources like oil and renewable law cost hydropower supply all its electricity needs. 100 billion units of electricity that cost $10b or $2200 per capita in India is free to 4.5 million Norwegians. It has significant oil reserves but most surprisingly under oil wells Norway has coal seams estimated to be more three times than world coal reserves. Crude oil exports are 3 million barrels per day more than Indian consumption.

 

Canada too has huge natural resources, three times larger in area than India but India has 40 times more population. But it has highly qualified workforce. Except market to sell its produce everything favors Canada to grow fast.

 

Netherlands was doing very well but floods in recent past affected the economy.

 

In small countries natural resources as well as natural disasters affects economy severely. Good companies or technology developed makes immense contribution to GDP.

 

India too has Natural Resource in 1100 million people but instead of Engineers and Inventors led economy we have "Commission Agents Running The Industries". Revenue to India from several hundred multinational R&D centers in India is presently only $8.5b.

 

In the Chart that follows a message Green Color fonts indicates over 10% growth, Red fonts eight percent growth, yellow highlights stagnant growth and blue highlights indicates shart decline of economy.

 

Ravinder Singh November07, 2006

 

"Sanjay Jadhav" <sanjayjadhav1999@yahoo.co.in>  ------

 

I suspect reliability of this ranking. It has glaring & unbelievable errors. for example

 

1. Iceland ahead of Denmark & Switzerland. Austria ahead of Germany, Japan. Norway can be ahead of Switzerland, 64000 appears too high. In my opinion, Denmark can not be 20% ahead of Netherland. Canada ahead of Germany appears preposterous. Brunei is very low on this ladder. The date needs to be confirmed

 

For economists Per Capita GDP and per Capita GDP multipled by PPP are both important. For strategic Managers, the competitiveness of country and industry are more important than per capita GDP. Again businessman's profit is generated out of arbitrage derived out of international trade policies and labour practice of the nation. Quality of life or HDI are more important for sociologists and public policy planners. I disagree with the pessimism shown by you.

 

Sanjay Jadhav

 

Rank 2005	Rank 1995	Country	GDP2005 per capita	GDP1995 per capita
1		Luxembourg	80,288
2	3	Norway	64,193	23,295
3		Iceland	52,764
4	1	Switzerland	50,532	26,716
5	17	Ireland	48,604	14,068
6	4	Denmark	47,984	22,492
7		Qatar	43,110
8	5	United States	42,000	20,698
9	6	Sweden	39,694	19,373
10	10	Netherlands	38,618	17,183
11	8	Finland	37,504	18,167
12	12	Austria	37,117	16,964
13	18	United Kingdom	37,023	13,492
14	2	Japan	35,757	24,019
15	13	Belgium	35,712	16,512
16	14	Canada	35,133	16,121
17	16	Australia	34,740	14,480
18	9	France	33,918	17,915
19	7	Germany	33,854	18,381
20	15	Italy	30,200	15,172
21	11	United Arab Emirates	27,700	16,992
22	24	Spain	27,226	9,117
23	19	Singapore	26,836	13,303
24	21	New Zealand	26,464	11,650
25	20	Kuwait	26,020	13,254
26		Brunei	25,754
27	22	Hong Kong	25,493	11,163
28	30	Greece	20,327	5,089
29		Cyprus	20,214
30	23	Israel	19,248	10,621
31		Bahrain	18,403
32		The Bahamas	18,062
33	31	Portugal	17,456	4,759
34		Netherlands Antilles	17,270
35	40	Slovenia	16,986	3,492
36	28	South Korea	16,308	5,622
37	25	Taiwan	15,203	8,172
38		Malta	13,803
39	29	Saudi Arabia	13,410	5,408
40	27	Oman	12,664	5,765
41	33	Trinidad and Tobago	12,625	3,900
42	37	Czech Republic	12,152	3,163
43		Barbados	11,088
44		Saint Kitts and Nevis	10,895
45	49	Hungary	10,814	2,176
46		Antigua and Barbuda	10,727
47	45	Estonia	9,727	2,461
48	36	Slovakia	8,775	2,780
49		Croatia	8,675
50		Seychelles	8,556
51	56	Poland	7,946	1,710
52		Lithuania	7,446	1,239
53	58	Mexico	7,298	1,637
54	43	Chile	7,124	2,536
55	51	Latvia	6,862	2,037
56	32	Libya	6,696	4,521
57	60	Botswana	6,439	1,594
58	35	Gabon	6,397
59		Equatorial Guinea	6,205
60		Lebanon	6,034
61	57	Russia	5,349	1,667
62	42	Uruguay	5,274	2,596
63	48	South Africa	5,106	2,186
64	54	Turkey	5,062	1,890
65	39	Malaysia	5,042	3,098
66	52	Mauritius	5,029	2,027
67	41	Venezuela	5,026	2,651
68		Saint Lucia	4,963
69	34	Argentina	4,799	3,713
70	47	Panama	4,794	2,408
71		Grenada	4,670
72	53	Costa Rica	4,620	1,928
73		Romania	4,539	1,229
74	50	Brazil	4,320	2,135
75		Belize	4,146
76		Saint Vincent, Grenadines	3,950
77		Dominica	3,947
78	80	Kazakhstan	3,717	809
79	64	Jamaica	3,657	1,395
80	44	Bulgaria	3,459	2,535
81	78	Dominican Republic	3,411	850
82	25	Turkmenistan	3,406
83		Fiji	3,349
84	46	Algeria	3,086	2,439
85	59	Belarus	3,031	1,602
86	61	Namibia	3,022	1,491
87		Serbia	2,880
88	70	Peru	2,841	1,185
89	62	Tunisia	2,829	1,444
90		Republic of Macedonia	2,810
91	38	Iran	2,767	3,106
92	67	Ecuador	2,761	1,240
93	96	Albania	2,673	442
94	55	Thailand	2,659	1,785
95	63	Colombia	2,656	1,441
96		Suriname	2,637
97	71	El Salvador	2,468	1,059
98		Bosnia and Herzegovina	2,384
99		Maldives	2,350
100		Swaziland	2,336
101	65	Jordan	2,317	1,385
102		Angola	2,129
103		Tonga	2,106
104		Cape Verde	2,066
105	75	Guatemala	1,995	915
106		Samoa	1,832
107		Republic of the Congo	1,785
108	73	Ukraine	1,766	1,002
109	79	Morocco	1,713	848
110	97	People's Republic of China	1,709	440
111	84	Iraq	1,700	708
112	39	Vanuatu	1,530
113	107	Azerbaijan	1,493	353
114	99	Georgia	1,480	412
115	66	Syrian	1,464	1,240
116	72	Paraguay	1,288	1,047
117	88	Indonesia	1,283	668
118	83	Egypt	1,265	738
119		Sri Lanka	1,200
120	91	Philippines	1,168	614
121	76	Honduras	1,148	879
122	89	Armenia	1,140	668
123		Bhutan	1,126
124		Guyana	1,039
125	82	Bolivia	993	790
126		Djibouti	973
127	90	Cameroon	952	636
128	85	Côte d'Ivoire	900	705
129	86	Moldova	861	682
130	81	Nicaragua	850	795
131	105	Sudan	820	356
132	92	Senegal	738	610
133	45	Mongolia	736
134	102	Pakistan	728	382
135	100	India	705	405
136	111	Nigeria	678	311
137		Kiribati	672
138		Mauritania	663
139		Papua New Guinea	662
140	125	Chad	654	169
141		Zambia	627
142	51	Lesotho	621
143	77	Vietnam	618	865
144		Comoros	615
145		Solomon Islands	611
146	112	Benin	592	309
147	87	Yemen	586	670
148	108	Kenya	560	334
149	98	Ghana	512	412
150	104	Laos	485	363
151	119	Haiti	478	222
152	95	Kyrgyz Republic	473	491
153	93	Uzbekistan	444	604
154	123	Mali	432	199
155	118	Burkina Faso	430	230
156		Cambodia	430
157		São Tomé and Príncipe	430
158	121	Bangladesh	400	202
159	94	Zimbabwe	383	574
160	109	Togo	377	331
161	115	Tajikistan	364	268
162		Guinea	355
163		Timor-Leste	352
164	127	Tanzania	336	149
165	110	Central African Republic	335	330
166	130	Mozambique	331	95
167	122	Nepal	322	199
168		The Gambia	306
169	103	Uganda	303	374
170		Afghanistan	300
171	124	Madagascar	282	189
172	116	Niger	274	266
173	114	Rwanda	242	287
174		Sierra Leone	223
175	113	Myanmar	219	288
176		Eritrea	209
177		Guinea-Bissau	190
178	101	Liberia	161	390
179		Malawi	161
180	129	Ethiopia	153	105
181	74	Congo	119	950
182	120	Burundi	107	208

 

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