Vietnam and Comparisons

GDP, Stock Markets, and Income

Source:

http://en.wikipedia.org/wiki/World_Economic_Outlook

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

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This is a weekend without any test and project, so I spend some enjoyable-lazy time to play around with numbers and make a graph. I always love graphing because it’s simply worth more than thousand words.

Most of stock markets outperformed GDP or nation’s incomes. So, in my opinion, this finance crisis will lead to more troubles and longer recovery of economies.

Yet, it’s not in a case of Vietnam.

GDP per capita – the world is a better place

Source: http://www.economist.com/finance/displaystory.cfm?story_id=10852462

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Grossly distorted picture

If you look at GDP per head, the world is a different—and, by and large, a better—place

Using growth in GDP per head rather than crude GDP growth reveals a strikingly different picture of other countries’ economic health…

Focusing on GDP per person also affects comparisons of economic health over time. During the past five years, world GDP has grown by an average of 4.5% a year, its fastest for more than three decades, though not as fast as during the golden age of the 1960s when annual growth exceeded 5%. But the world’s population is now growing at half of its pace in the 1960s, and so world income per head has increased by more over the past five years than during any other period on record (see right-hand chart above). Mankind has never had it so good…

Emerging economies

http://www.economist.com/displaystory.cfm?story_id=10136509&fsrc=RSS

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Dizzy in Boomtown

Nov 15th 2007 | HONG KONG
From The Economist

THE world is experiencing one of the biggest revolutions in history, as economic power shifts from the developed world to China and other emerging giants. Thanks to market reforms, emerging economies are growing much faster than developed ones.

Emerging economies account for 30% of world GDP at market exchange rates (and over half using purchasing-power parity to take account of price differences). At market exchange rates they already account for half of global GDP growth. And by a wide range of measures, their weight is looming larger. Their exports are 45% of the world total; they consume over half of the world’s energy and have accounted for four-fifths of the growth in oil demand in the past five years (explaining why oil prices are so high); and they are sitting on 75% of global foreign-exchange reserves.

Will BRIC conquer the world ?

http://www.spiked-online.com/index.php?/site/article/4390/

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Stuart Simpson

Thursday 21 February 2008

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Essay: We should celebrate the spread of wealth and modernity in the developing world, while recognising that a great shift in global power is not imminent.

The continued rise of the emerging economies, particularly India and China, is never far from the headlines. What impact these economies will have on the twenty-first century is the subject of much debate, with the possibility of a shift in global political power a recurring theme. It is often assumed that the emerging economies are following the same path to development that the established economic powers did – but this assumption is worth questioning.

Developing Asia: Subregional trends and prospects

http://www.adb.org/Documents/Books/ADO/2005/highlights/part020000.asp

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Developing Asia and the world

Overview of economic highlights and prospects

The major industrial economies grew at their strongest rate in many years in 2004. In turn, the economies of developing Asia and the Pacific achieved their highest growth since the Asian financial crisis as aggregate gross domestic product expanded by 7.3%. Domestic demand was buoyant and average inflation remained subdued. The strong economic momentum in most regional economies, together with a continued favorable external environment, augurs well for growth over 2005–2007. Average real growth is expected to be between 6.5% and 6.9%, supported by more buoyant domestic demand and strengthening intraregional trade.

GDP (PPP) of Asia

http://www.iea.org/Textbase/country/maps/asia/gdp_ppp.htm

IEA – International Energy Agency

GDP (PPP): Gross Domestic Product calculated using Purchasing Power Parities.

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Gross Domestic Product [2007]	Gross Domestic Product [2050]
Rank   Country   GDP (millions of USD)   1 United States 13,843,825 2 Japan 4,383,762 3 Germany 3,322,147 4 China 3,250,827 5 United Kingdom 2,772,570 6 France 2,560,255 7 Italy 2,104,666 8 Spain 1,438,959 9 Canada 1,432,140 10 Brazil 1,313,590 11 Russia 1,289,582 12 India 1,098,945 13 South Korea 957,053 14 Australia 908,826 15 Mexico 893,365	Rank   Country   GDP (millions of USD)   1 China 78,000,000 2 United States 38,500,000 3 India 37,600,000 4 Brazil 11,300,000 5 Russia 9,340,000 6 Mexico 8,580,000 7 Indonesia 7,010,000 8 Japan 6,670,000 9 United Kingdom 5,130,000 10 Germany 5,020,000 11 Nigeria 4,640,000 12 France 4,590,000 13 South Korea 4,080,000 14 Turkey 3,940,000 15 Vietnam 3,600,000

http://en.wikipedia.org/wiki/BRIC

GDP per capita: Gap between two worlds – 50 years later?

http://www.visualizingeconomics.com/category/region/asia/

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by Catherine

January 27, 2008

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Comparing the GDP per Capita of the United States with Japan, India, China, and Indonesia over the last 500 years. (GDP per Capita for each country is in 1990 international Geary-Khamis dollars, calculated from purchasing power parities (PPPs) of currencies and average prices of commodities.)