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> Russia is ranked around #60 in the world on GDP per capita. Nonetheless, GPD rank is ~12 https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) ht

> Russia is ranked around #60 in the world on GDP per capita. Nonetheless, GPD rank is ~12 https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi... Per-capita rating of countries like India, China is lower (~100). But these are apparently strong economies.

dmoy 8y ago
Right but India and China have solid gdp growth for decades, and have been educating hundreds of millions and pulling them out of poverty while Russia: https://tradingeconomics.com/russia/gdp-growth https://tradingeconomics.com/russia/gdp-growth Three decades ago Russia had a literacy rate of like 99%++, while China was at like 60-70%. There was a lot of "free" growth to be had in China (obviously not free) by lifting the population. China's still got room to grow there. Like a lot of things in economics, trajectory is important (maybe too important, idk).