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Thread: Is China a first world country

  1. #21
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    Superpower status requires two competencies - 1) economics / technology and a 2) developed military industry. Only the USA and the USSR were passable for both of this. China does not and will not have a second. Russia has problems with the first. And the United States is also losing its competences.
    P.S. Thread is not about this. I think that only few big cities (trade/tech centres) in China can be listed as "first world".

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    Veteran Member TheOldNorth's Avatar
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    first world means a country that was allied with the west during the cold war, third world means a country allied with USSR during the cold war, so China is by definition a third world country

  3. #23
    Yes Ranger0075's Avatar
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    China used to be 0,667 on HDI some years ago, now they're about 0,761.

    Being 0,761 they are between Colombia and Ecuador or a little behind Brazil.

    We call these countries in development, not developed.

    Chile still best Chi

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    Veteran Member luc2112's Avatar
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    Quote Originally Posted by KirillMazur View Post
    Superpower status requires two competencies - 1) economics / technology and a 2) developed military industry. Only the USA and the USSR were passable for both of this. China does not and will not have a second. Russia has problems with the first. And the United States is also losing its competences.
    P.S. Thread is not about this. I think that only few big cities (trade/tech centres) in China can be listed as "first world".
    Nope, it is basically measured by per capita income that simply defines the percentage of the population that is considered poor.
    Army and country size define an influential economic bloc in other smaller countries that in theory provides some economic benefit to the population of the largest country.

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    Quote Originally Posted by luc2112 View Post
    Nope, it is basically measured by per capita income that simply defines the percentage of the population that is considered poor.
    Army and country size define an influential economic bloc in other smaller countries that in theory provides some economic benefit to the population of the largest country.
    I don't believe in neoliberal metrics - they are very manipulative. As an example, the calculation of GDP in the United States - it even takes into account your visit to the hairdresser, that is, transferring money from your pocket to the pocket of the hairdresser increases GDP by the price of a haircut.

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    Veteran Member michal3141's Avatar
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    Quote Originally Posted by KirillMazur View Post
    I don't believe in neoliberal metrics - they are very manipulative. As an example, the calculation of GDP in the United States - it even takes into account your visit to the hairdresser, that is, transferring money from your pocket to the pocket of the hairdresser increases GDP by the price of a haircut.
    Agree. America is a paper tiger. Plus their GDP is inflated by printing tons of money because of dollar position in the international system. The fall of dollar and hence America is very near though.

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    Quote Originally Posted by michal3141 View Post
    Agree. America is a paper tiger. Plus their GDP is inflated by printing tons of money because of dollar position in the international system. The fall of dollar and hence America is very near though.
    It seems to me that the dollar will not give up its positions so easily. Firstly, a full-fledged alternative has not yet been invented (I hope it will be, and not from the Fed), and secondly, the reputation of the dollar rests, among other things, on the US military force, and it is necessary to somehow militarily humiliate them first, so that the positions staggered.

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    Veteran Member luc2112's Avatar
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    Quote Originally Posted by KirillMazur View Post
    I don't believe in neoliberal metrics - they are very manipulative. As an example, the calculation of GDP in the United States - it even takes into account your visit to the hairdresser, that is, transferring money from your pocket to the pocket of the hairdresser increases GDP by the price of a haircut.
    Yes, based only on currency circulation, But in China it was able to lift 30% of its population out of poverty and today there are megacities where only existed a village.

    There are other other parameters to compare with per capita income such as cost of living, housing deficit and unemployment. The Soviet Union was not based on currency circulation and had other parameters, I believe that it was never correctly understood in the West.

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    Veteran Member luc2112's Avatar
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    Quote Originally Posted by michal3141 View Post
    Agree. America is a paper tiger. Plus their GDP is inflated by printing tons of money because of dollar position in the international system. The fall of dollar and hence America is very near though.
    That's right for the modern economy. The more currency in circulation the better, as long as there is no inflation. Your biggest problem is overpriced for some things

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