Will the G7 Become the G2?

badguy2000

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agree with you on this. 2050 is too long a time to make any meaningful prediction.


however your assumption that china will continue to grow like today is also very far fetched. if your bubble bursts like the japan bubble you will be in deep mess.
you are holding american debt and consider it as asset. they have a deterrent over you not the other way. if they refuse to pay up in a possible military clash with you in future, your reserves will evaporate like thin air and god knows where your confidence will end up.
even if any of the two above happens you will be out faster than anyone you quoted above.
guy, the power of China come from not its trillions-dollar reserves,but its powerful industry base .

China's powerful industry base is the source of its power.
 

ppgj

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guy, the power of China come from not its trillions-dollar reserves,
so you would not mind if your reserves evaporate??

but its powerful industry base .
China's powerful industry base is the source of its power.
growth from your industrial base is not permanent. you already know about the side effects of a haphazard growth. they will come back in future to bite you badly. why do you think UK, france etc.. are in recession for long. they have saturated. so will be you and us in future.
that is why i said do not make tall claims while thrashing india.
 

sandeepdg

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India's economy is rising by 6-7 % p.a and whose GDP currently is 1.3 trillion USD. Forget 2050, even by 2020-25 India GDP will be more than that all major European nations, probably the fourth biggest in the world after US,China and Japan. I agree with the GDP purchasing power parity factor being low, but you can't just edge out such a massive economy from the world stage especially since now that nobody holds a monopoly on the world economy. India's opinion will matter a lot in the years to come given its growing exports and imports with the major economies of the world today.

http://www.sepiamutiny.com/sepia/archives/000940.html
 

jakojako777

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India's economy is rising by 6-7 % p.a and whose GDP currently is 1.3 trillion USD. Forget 2050, even by 2020-25 India GDP will be more than that all major European nations, probably the fourth biggest in the world after US,China and Japan. I agree with the GDP purchasing power parity factor being low, but you can't just edge out such a massive economy from the world stage especially since now that nobody holds a monopoly on the world economy. India's opinion will matter a lot in the years to come given its growing exports and imports with the major economies of the world today.

CIA has India surpassing Europe in 15 years - Sepia Mutiny
In 2025 it will be EU(as confederation),China, Japan, India than Russia but not US

US will be maybe in top 10 maybe not....That is what I think.:viannen_81:

BTW India's GDP was already 4th in 2007 so it is not such big deal:viannen_10:

Maybe you talk about GDP per capita?:smash:
 
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guy, the power of China come from not its trillions-dollar reserves,but its powerful industry base .

China's powerful industry base is the source of its power.
The industrial revolution started and ended decades ago, China is just manufacturing what nations that moved on no longer want to, but manufacturing sector is a slow growth sector with high investment required ,once this chinese infrastructure buildout is complete the chinese economy will cool down.
 

jakojako777

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India's economy is rising by 6-7 % p.a and whose GDP currently is 1.3 trillion USD. Forget 2050, even by 2020-25 India GDP will be more than that all major European nations, probably the fourth biggest in the world after US,China and Japan. I agree with the GDP purchasing power parity factor being low, but you can't just edge out such a massive economy from the world stage especially since now that nobody holds a monopoly on the world economy. India's opinion will matter a lot in the years to come given its growing exports and imports with the major economies of the world today.

CIA has India surpassing Europe in 15 years - Sepia Mutiny

Silly me of course you talk about GDP per capita...:viannen_10:
The problem is US is only 12th - IMF,13th - World Bank) and on CIA estimate only 17th in the world in 2008!

In 2025 my guess is that US will not be in top 20 if not top 30!
As for India 143th place -by IMF and 131st place - by World Bank in 2008

I don't think it is to realistic for India to be 4th in 2025...even with all that growth, but we will see...:viannen_10:
 

badguy2000

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India's economy is rising by 6-7 % p.a and whose GDP currently is 1.3 trillion USD. Forget 2050, even by 2020-25 India GDP will be more than that all major European nations, probably the fourth biggest in the world after US,China and Japan. I agree with the GDP purchasing power parity factor being low, but you can't just edge out such a massive economy from the world stage especially since now that nobody holds a monopoly on the world economy. India's opinion will matter a lot in the years to come given its growing exports and imports with the major economies of the world today.

CIA has India surpassing Europe in 15 years - Sepia Mutiny
you have to take devaluation of currencys into consideration.
when a economy just is during the initial stage of its industriazlizaton,devaluation of its currency often happens.

for your reference,

Chinese economy grew 9-10% during 1980-1995 and its real GDP doubled in 14 years.

however, because its currency devalued 500% during the time, its nominal GDP(measued by USD) ranks even lower in 1995 than in 1980
 

Known_Unknown

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you have to take devaluation of currencys into consideration.
when a economy just is during the initial stage of its industriazlizaton,devaluation of its currency often happens.

for your reference,

Chinese economy grew 9-10% during 1980-1995 and its real GDP doubled in 14 years.

however, because its currency devalued 500% during the time, its nominal GDP(measued by USD) ranks even lower in 1995 than in 1980
China pegs its currency to the dollar. China's example is hardly useful in any comparison with India's currency.

Also, India has embarked on a different path to economic development, by focussing on its domestic market, and not by becoming the factory for the world.

That's how great nations are built-the US or the Europeans did not prosper by transforming themselves into labourers for the rest of the world, but by innovation, invention and entrepreneurship. That's why Indian private companies are able to compete on the world stage, buying up Jaguar and British Steel, while bloated Chinese state firms buy up natural resources worldwide due to the political backing by the CCP and the Treasury reserves at their disposal. For every Tata Nano or Reva that comes out of India, we have a Chery QQ that comes out of China. :rolleyes:

World class organizations are competitive due to their efficiency, and China has no world class organizations to speak about. As soon as your political system collapses (as it inevitably will), all your heaps of gold and treasure will turn to dust, and overnight you will turn from a potential superpower into a definite basketcase.

The case of the USSR is instructive-they spent all their treasure on beefing up their military and created world class state owned industries, but eventually, their internal differences started showing up, and the constituents no longer wanted to be part of the state.

When that happens in China, and the Tibetians and Uighurs break away to correct the current aberration of history, all that will be left won't be worth mentioning when the topic of the G2 or G7 or even G20 comes up.
 

badguy2000

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China pegs its currency to the dollar. China's example is hardly useful in any comparison with India's currency.

Also, India has embarked on a different path to economic development, by focussing on its domestic market, and not by becoming the factory for the world.

That's how great nations are built-the US or the Europeans did not prosper by transforming themselves into labourers for the rest of the world, but by innovation, invention and entrepreneurship. That's why Indian private companies are able to compete on the world stage, buying up Jaguar and British Steel, while bloated Chinese state firms buy up natural resources worldwide due to the political backing by the CCP and the Treasury reserves at their disposal. For every Tata Nano or Reva that comes out of India, we have a Chery QQ that comes out of China. :rolleyes:
it is just a joke.....pls read more files about the initial stage of captialsim and industrialization in west Europe and USA.....


there was a body of irishman and chinese under every rail of USA's railways.
coal mines in UK were full of child labor ,just because child labor were much more cheaper .

India is not a good example that "
Indian private companies are able to compete on the world stage, buying up Jaguar and British Steel",
because India has more child labour than any other coutries.
 

ZOOM

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India is not a good example that "
Indian private companies are able to compete on the world stage, buying up Jaguar and British Steel",
because India has more child labour than any other coutries.


MODS PLEASE TAKE SOME ADEQUEATE MEASURE ON POSTING OF SUCH THRASH
:tank:
 

redarmy

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The abandoned generations: how child labourers suffer as India ignores the law

From The Times October 15, 2009

India’s woeful record of tackling illegal child labour has been laid bare by official records obtained by The Times under the country’s right-to-information laws.

Only 138 cases were brought against people employing child workers from October 2006 to April 2008 — the only period for which records have been made available. Activists say that the Labour Ministry figures, which equate to less than one case for every three million Indian children, make a mockery of the Child Labour Prevention Act.

India has the largest population of child workers in the world, with an estimated 60 million to 115 million minors forgoing education to earn money. So great is the problem that activists suggest that it is well nigh impossible to spend a day there without using some goods or services — from domestic help to mined minerals — that do not rely on under-age labour.

The child labour law, passed in 1986, bans the employment of children under the age of 14 in a swath of industries, from working on factory floors to waiting on tables.
 

redarmy

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The law carries a maximum penalty of two years in prison and a 20,000 rupee (£270) fine, but official lassitude and a chronic underfunding of enforcement agencies is blighting millions of young lives, critics say.

The National Commission for Child Rights, for example, which was established in 2007 and which is responsible for protecting India’s 420 million children, has a staff of ten.

Many of India’s child workers, like Mohammad, 10, who was rescued from a sweatshop in Delhi two weeks ago, endure miserable existences and are paid a pittance. He was trafficked from his home in the impoverished northern state of Bihar to Delhi, where he spent nine months working 16-hour days, making cheap garments. He was paid 50 rupees (69p) a week. “We bathed outside, otherwise we were kept in one room without windows,” he told The Times.

The Labour Ministry figures show that in Delhi, where hundreds of under-age workers like Mohammad are rescued every year — while thousands more go undetected — there was no record of any official investigation into child labour being carried out by the authorities. There were no records of any prosecutions. Similarly, in the state of Goa, with its range of beach resorts that are favoured by British holidaymakers, there was not a single investigation into child labour.

In Maharashtra, just two official inspections for child labour were carried out in 19 months, despite Mumbai, the state’s largest city, being known to be a hotbed of sweatshops that rely on under-age labour.

Bhuwan Ribhu, of Bachpan Bachao Andolan, the activist group that rescued Mohammad, said: “This indicates a serious lack of political will and lack of preparedness on the part of government to implement the law.”

The concern now is that India’s massive young population — about one third of the country is under 18 years of age — may prove a crippling burden, sufficient to derail the country’s economic renaissance if huge numbers are denied a basic education.

India is ranked a lowly 102 out of 129 countries in the 2009 Unesco Education for All Development Index, a measure of the quality of primary education and adult literacy. A World Bank report published in 2004 found that as many as 25 per cent of Indian teachers were absent at any one time. That, along with the high rates of child labour, helps to explain why about one third of India’s 1.2 billion people cannot read or write, compared with 9 per cent in China, analysts say.

According to the Government’s own census of 2001, more than 12 million children work, including many in the agricultural sector, where child labour is not banned.

Estimates by non-governmental organisations and activist groups are much higher, and place the numbers of children employed as domestic servants and at roadside eateries as high as 20 million.

Only five of India’s twenty-eight states and seven union territories have set up state-level commissions to protect child rights, despite them all being called upon to do so.

There is also evidence of public apathy, especially among the middle classes, who often employ young girls as maids. From April 2007 to March 2008 the commission received just 439 complaints from the public — roughly one for every million children.

:india:
 

badguy2000

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MODS PLEASE TAKE SOME ADEQUEATE MEASURE ON POSTING OF SUCH THRASH
:tank:
on paper ,India has a good law to restricting child labour — but in reality.....
Child Labour in India

India has good laws restricting child labour — but they are not enforced - Times Online

In china, there are also illegal child labour in some lonely corners....but at least chinese people don't take child labour as granted and such filthy exploit of children have to be hidden in lonely corners in china.
 
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Two points about the G2 when has an Economic and Military superpower ever shared the spotlight with a third world developing country?? How do you get a G2 when USA with 300 million plus population and 48,000 GDP per person is paired with China 1.2 billion and 6,000 per person by this measure USA is still 32 times more economically advanced than China or China is at 3.3% of USA's GDP per capita level. Calculations done:

USA 4 times smaller than China in population
USA 8 times bigger tnan China in per capita GDP

4X8=USA is 32 times bigger in GDP per capita income
 

Koji

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Two points about the G2 when has an Economic and Military superpower ever shared the spotlight with a third world developing country?? How do you get a G2 when USA with 300 million plus population and 48,000 GDP per person is paired with China 1.2 billion and 6,000 per person by this measure USA is still 32 times more economically advanced than China or China is at 3.3% of USA's GDP per capita level. Calculations done:

USA 4 times smaller than China in population
USA 8 times bigger tnan China in per capita GDP

4X8=USA is 32 times bigger in GDP per capita income
As a measure of national economic clout, the per capita income rank has to do with little. The reason why the US is proposing the G2 because on a nominal scale, China holds enormous influence on global trade.
 
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The numbers don't validate but if China is going to buy more worthless US debt of course they belong in a G2 , this is a good trap to lay down for China by USA.
 

shotgunner

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Two points about the G2 when has an Economic and Military superpower ever shared the spotlight with a third world developing country?? How do you get a G2 when USA with 300 million plus population and 48,000 GDP per person is paired with China 1.2 billion and 6,000 per person by this measure USA is still 32 times more economically advanced than China or China is at 3.3% of USA's GDP per capita level. Calculations done:

USA 4 times smaller than China in population
USA 8 times bigger tnan China in per capita GDP

4X8=USA is 32 times bigger in GDP per capita income
Your achievement in mathematics is breath-taking!

I thought per capita GDP, according to your data, should be 48000:6000 i.e. 8:1 but you are right, it should be 48000x4:6000x1 ! ... great ...
 

shotgunner

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You thanks to my post? Oh what should I say then ... my pleasure ...

Lethalforce, your maths, so as logics, are so advanced ... well demonstrated by your posts ... American does rock!
 

redragon

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Hey you two, I think Lethalforce just want to say thanks for point out the mistake, please be houdou.
 

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