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This is also a natural consequence of globalization, and the increasing complexity of digital layers. At one point, it becomes impossible to have a 100% home gr
by seren 8y ago
This is also a natural consequence of globalization, and the increasing complexity of digital layers. At one point, it becomes impossible to have a 100% home grown solution, except maybe if you are really big, like the US or China.
- danmaz74 8y ago> except maybe if you are really big, like the US or China Or, potentially, the EU...
- seren 8y agoThe point is that we are a long way to have a common EU intelligence service. Even if services are cooperating, every nation state wants to keep some cards in hands.
- tanilama 8y agoEU is not a unified entity in terms of defense. Thought they might try to stay away from a close tie with US under current administration, I doubt that they can or want to get rid as an ally as whole.
- glenndebacker 8y agoNot being disrespectful but the country that is a lot against unification or more EU collaboration is leaving in March next year. So while I'm not particular pro-brexit but I do think this could have also a positive impact to the EU in regards of more unification or more EU collaborations.
- kryptiskt 8y agoIt's not going to happen. The Nordics are skeptic against a more federal EU. Most of Eastern Europe is too. Italy has flipped now. Hell, even Germany are rolling their eyes at a lot of Macron's proposals.
- tanilama 8y agoUnified defense usually requires a unified identity, commonly, under umbrella of a nation. EU is still quite far from getting there, maybe never
- ExpiredLink 8y agoWell, the EU is just the largest economy in the wold.
- the_duke 8y agoActually, the US is still the largest economy, with the EU closely behind and China a runner up. [1] Note though that the US will have a significant lead again next year when the UK leaves. [1] https://en.wikipedia.org/wiki/World_economy https://en.wikipedia.org/wiki/World_economy
- tzs 8y agoHold on a second. Which is larger depends on if you use nominal GDP or PPP GDP. Your link has tables for both, and the US and the EU swap positions in the two tables.
- the_duke 8y agoWell, I to me larger means in absolute terms. Purchase price parity is of course a valid view but not what I would consider in this context.
- jcranmer 8y agoTo elaborate a bit: Nominal statistics take into account the current exchange rate, while PPP ignores exchange rates and instead normalizes it in terms of things like Big Macs (albeit expressed in dollar terms instead). PPP is essentially an adjustment for cost of living, and so it generally makes more sense to use PPP when you're referring to per capita statistics (since you're generally trying for a sense of cost living anyways). Conversely, for comparing the size of economies or trade, you want to use nominal, as trade is conducted in nominal terms. There are reasons to go the other way, but these choices should be your first inclinations.
- the_duke 8y ago