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Japan's GDP per capita in 1995, is 60% more than that of US. Now their GDP per capita is 60% of U.S...which says a lot. The rank actually doesn't say too much.
by tanilama 9y ago
Japan's GDP per capita in 1995, is 60% more than that of US. Now their GDP per capita is 60% of U.S...which says a lot.
The rank actually doesn't say too much. Japan's power is waning, while European country, I know is controversial and hated by conservatives, has EU. EU has a much bigger representation in world economy in terms of the effects of policy and regularization.
- mc32 9y agoThe EU will continue to shape regulation and policy, but with rising China and India, there may be some change in that. I'd say it's good to have the EU and the US set some regulation minimums (EU is stronger in some areas, the US is stronger in other areas) but China and India will likely begin influencing policies --perhaps for the better. For example, China regulating (banning) the importation of certain rubbish. W/re GDPP[1], they have always had an issue with productivity vis a vis the US. However, your figures exaggerate the extent, according to this: https://www.bls.gov/ilc/intl_gdp_capita_gdp_hour.htm#table02 https://www.bls.gov/ilc/intl_gdp_capita_gdp_hour.htm#table02 [[1], to your point below]GDP per employed person at PPP which to me is more reflective of an economy.
- tanilama 9y agoYour referred number is PPP, not GDP. My source is from World Bank: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=JP-US https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
- seanmcdirmid 9y agoA lot of that was just asset bubbles though. That wealth wasn’t real, just like the Chinese property bubble today.