[QUOTE=RainbowStalin;33904777]Seeing as the UK has virtually no production or manufacturing anymore I'm hardly surprised.
We just import everything.
And people wonder why things are so bad.[/QUOTE]
We've always been a nation that imports alot seeing as we had an empire. To put it in plain terms we just don't have the unskilled labour anymore.
[QUOTE=Thoughtless;33919167]Adjusted for inequality It drops to 23rd (from 4th).[/QUOTE]
We're talking about GDP per capita not HDI
[editline]27th December 2011[/editline]
[QUOTE=NoDachi;33919401]Hey look, someone doesn't understand economics![/QUOTE]
Actually I do, I'm just proposing that GDP per capita isn't an accurate measurement of standard of living
[QUOTE=SomeRandomGuy16;33924452]
Actually I do, I'm just proposing that GDP per capita isn't an accurate measurement of standard of living[/QUOTE]
Who said anything about quality of living lol
[QUOTE=NoDachi;33926542]Who said anything about quality of living lol[/QUOTE]
Some guy up there did
[QUOTE=Atlascore;33905063]It doesn't matter how much money they have, 35% of your country's population growing too old to work and only having one child is going to harm your economy.
[editline]26th December 2011[/editline]
Whoops, sorry about that.[/QUOTE]
And let's not forget how many of the population are too young or have some sort of disability preventing them from work.
[QUOTE=toxicpiano;33904005]surprised they're forecasting the us as the no 1 in 2020, it's been suggested over and over that china will have the largest economy by the middle of this decade[/QUOTE]
Economic growth is not linear.
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