Do you think it's slightly weird that there's almost twice as much money in the UK (which is the size of Wyoming) as there is in Canada? Or that there are equal amounts of money in Portugal as there are in Russia? Take a look at a map!
2006-12-15 17:07:32 · 5 answers · asked by rage997 3 in Social Science ➔ Economics
Yes I know about GDP, population, etc...I have an MA in Econ. I just wanted to ask a question marvelling at the nature of the world.....where you have more goods and products being produced within stamp-sized Portugal than you have in eleven-time-zones Russia.
2006-12-15 17:35:36 · update #1
The UK doesn't have "more than twice as many people as Canada". The UK has 60.5m; Canada 32.7m.
2006-12-15 17:39:26 · update #2
Trolling: the Masters serves me fine thanks. I could ask questions of such a technical nature you would be shivering by the time you reached the question mark! Here, however, I was marvelling at the world, with almost childlike wonder; using language everyone understands, not GDP per person at PPP!
2006-12-17 08:33:24 · update #3
Are you talking about "money" or "wealth"? They are not the same - please clarify and I'll try to answer your question.
That M.A. didn't serve you well if you use "money" and "wealth" interchangeably.
2006-12-15 17:19:40 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It's more about population than land size. The UK has more than twice as many people as Canada.
As for Portugal and Russia, Portugal hasn't had their economy completely change and financial system crash in the last 20 years like Russia has. Also, look at GDP, not currency in circulation.
2006-12-15 17:18:33 · answer #2 · answered by CaptainObvious 3 · 0⤊ 0⤋
Well don't look at a map of the Pacific Ocean, you'll have a heart attack. Not to denigrate your philosophical musings but there are no surprises here. Wealth is based 100% on people, and is a function of nothing except population and productivity of that population. (Land creates no wealth until people manipulate it to create value).
Neither wealth nor money nor value exist in the absence of human society; just as consciousness does not exist in the absence of a living person.
2006-12-15 18:17:55 · answer #3 · answered by KevinStud99 6 · 1⤊ 0⤋
Population, industrialisation, economic inertia all play their parts. The 1917 revolution and the development of the Marx/Lenin economics reduced aspects of the Russian finances to the level of a third world nation.
2006-12-15 17:36:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The thing that amazes me in the UK regarding wealth is the fact that you can't tell who and who has not got money. Ppl that have millions of pounds still live in social housing which they have brought or rather ex council properties. Alongside neighbours that are living off benefits it's so weird.
The only reason i can think that makes us better off then any of the above country's is fact that the pound is so strong
2006-12-15 17:13:07 · answer #5 · answered by deb_star_82 3 · 0⤊ 1⤋