Turn on thread page Beta
    Offline

    2
    ReputationRep:
    (Original post by Trier)
    Growth rate was over 5% in March 2004 if that is what you mean?

    However, that is not in GDP per capita terms.

    It is 2.1% using that measure which dispels a lot of the rumours about the doom of the EU economies.
    arent GDP growth rates more important than gdp per capita?
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    and?dont all politicians are taking **** before and during elections?well they dont talk ****. they are trying to persuade people to vote for them.all politicians will promise great things so that public would vote for them.It is not words, it is the actions.
    It shows the rejection of the current heavily socialist economic model which has been proven to not work in Germany and the redirection to a more competitive, UK like one.
    Offline

    2
    ReputationRep:
    and here is a link, go down to economy http://www.cia.gov/cia/publications/...k/geos/us.html thats for us

    http://www.cia.gov/cia/publications/...k/geos/ee.html thats for eu

    i d say there is a massive difference.
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    arent GDP growth rates more important than gdp per capita?
    It depends.

    My position is that a large economy is only useful if the people benefit by becoming wealthier.

    GDP measures the size of the economy, looking at it in per capita terms looks at how wealthy the average person is becoming.
    Offline

    2
    ReputationRep:
    (Original post by Trier)
    It shows the rejection of the current heavily socialist economic model which has been proven to not work in Germany and the redirection to a more competitive, UK like one.
    well she didnt come to power yet. she is just making promises. lets see if she is the Iron Lady. Some people have already said no to it, because she is going to increase VAT to 18%
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    and here is a link, go down to economy http://www.cia.gov/cia/publications/...k/geos/us.html thats for us

    http://www.cia.gov/cia/publications/...k/geos/ee.html thats for eu

    i d say there is a massive difference.
    The overall economy size is similar- and perhaps greater when you consider the increasing size of the EU.

    And, as I have shown- GDP growth isn't that radically different (and the US has it's own economic problems to solve) so Europe is hardly falling by the wayside.
    Offline

    2
    ReputationRep:
    (Original post by Trier)
    The overall economy size is similar- and perhaps greater when you consider the increasing size of the EU.

    And, as I have shown- GDP growth isn't that radically different (and the US has it's own economic problems to solve) so Europe is hardly falling by the wayside.
    but the gdp per capita in EU seems like twice less than USA's.
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    well she didnt come to power yet. she is just making promises. lets see if she is the Iron Lady. Some people have already said no to it, because she is going to increase VAT to 18%
    I was just using her as an example as the growing change in the outlook of Germans.
    Offline

    2
    ReputationRep:
    (Original post by Trier)
    The overall economy size is similar- and perhaps greater when you consider the increasing size of the EU.

    And, as I have shown- GDP growth isn't that radically different (and the US has it's own economic problems to solve) so Europe is hardly falling by the wayside.
    also,even if it is true that US gdp per capita growth rate is similar to EU's, I think the gdp per capita growth rate for the higher gdp per capita means the growth rate is higher. So much more new money are generated.
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    but the gdp per capita in EU seems like twice less than USA's.
    Yes- but not all states in the EU are equally wealthy.

    Some smaller states have a higher GDP per capita than the US.

    But I'm not trying to argue that the EU is wealthier than the US- just that there isn't a catastrophic economic decline and that the EU isn't falling that far behind the US economically.
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    also,even if it is true that US gdp per capita growth rate is similar to EU's, I think the gdp per capita growth rate for the higher gdp per capita means the growth rate is higher. So much more new money are generated.
    The reason the US GDP is growing faster is a lot to do with the fact that its population is growing quickly, whilst the EU's is stabilising.
    Offline

    2
    ReputationRep:
    (Original post by Trier)
    The reason the US GDP is growing faster is a lot to do with the fact that its population is growing quickly, whilst the EU's is stabilising.
    i think thats where USA's advantage comes. The taxes in USA are not going to rise as in EU in order to support the elderly people, because the working population in USA is higher. With higher taxes, always comes less public expenditures. And thats where economy collapse comes.
    Offline

    1
    ReputationRep:
    (Original post by IZZY!)
    i think thats where USA's advantage comes. The taxes in USA are not going to rise as in EU in order to support the elderly people, because the working population in USA is higher. With higher taxes, always comes less public expenditures. And thats where economy collapse comes.
    Well, it is certainly a problem which will have to be tackled.

    The US has the benefit of immigration, and the EU can always open the floodgates if neccessary.

    Let us not forget that the US also has problems though- General motors is failing under the weight of health insurance claims.

    EU citizens have also been saving far more for their retirement and are in less debt than their US counterparts- a problem when the US pensions crisis arrives.
 
 
 
Poll
Black Friday: Yay or Nay?
Useful resources

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.