Lohrenswald
世界的 bottom ranked physicist
does this thing have a three-letter ALL CAPS shortening like GDP PPP HDI ETC
Guess the map 11: New map at least once per year
- Thread starter Lohrenswald
- Start date
- Status
Goodfella
Showing results for
You can have trade as a % of gdp greater than 100. For instance, Luxembourg's is over 400%.
inthesomeday
Immortan
- Joined
- Dec 12, 2015
- Messages
- 2,798
Really? Hm, I suppose GDP is an even more flawed measure of economics than I previously thought
#Qatarnumerouno
And what would you propose to replace it?
Other than the collapse of the Soviet Union being a turning point, this map befuddles me.
yes
Trade as % of GDP
That ratio has a name as well: "The map shows trade openness – the sum of exports and imports of goods and services measured as a share of grossdomestic product"
From: https://ourworldindata.org/international-trade
A real nice in depth article with also nice analyses on trade and this indicator from 1600 onward, including the effects of colonies, the Napoleontic wars, the WW1,2 wars. and the rapid decreasing cost of transport since WW2.
Does trade increase push GDP growth, or inequality ? etc.
Also many interactive graphs and charts where you can compose yourself the countries, time etc.
I guess it was a difficult map because both trade and GDP could change the indicator up and down over time. Although in general a slow trend up if nothing special happened.
So an area becoming darker was mostly higher trade, and indeed visible after the fall of the iron curtain in East-Europe, in the oil exporting countries, minerals. But also visible in countries like Myanmar, recently opened for trade. Or the opposite effect from trade in Cuba, where the ratio falls steeply after 1990 with the collapse of the Soviet-Union, because of less trade with the Soviet-Union block.
Russia became darker in 2000 compared to 1990 because the GDP had collapsed much more than the trade.
To consider also:
Very small countries must trade a lot because too small to manufacture themselves. So they have to be good in something to export. Or be the harbor or the canal of big other countries (like Belgium, the Netherlands, Panama)
If in for example the US the granular level would have been states, adding up intra-state trade to the country trade, the US would be more comparable to Europe, with a higher ratio.
EDIT:
back on the hot topic of trade with the head of states G7 in a few days.
Big countries or trading blocks can use neo-colonial strategies towards "other", protecting their home market, because their home economy has enough scale size to enable specialist level competitive sectors at home for almost everything needed.
Small emerging countries cannot. And have to import from the big blocks..... selling out raw resources, or build up their own alliances with close by countries, to grow their own specialist competitive sectors between them.
From there, I think, developing countries have more to gain from trade openness in building up together a diversified economy, making them less dependent on the big blocks.
A big US has not that much to gain from it.
=> Trade openness as a way to scale up your country to the size needed for the common diversity at high enough specialised competitiveness of todays economy, of todays consumer demands.
Last edited:
Goodfella
Showing results for
I'll try to post in a little but if someone has one already, feel free.
Not all white countries have no data. I just only included top and second tier. Otherwise it would be even more obvious what this is
Not all white countries have no data. I just only included top and second tier. Otherwise it would be even more obvious what this is
ok
does that mean that there is a ranking between blue and red ?
Last edited:
That was my very first question too!
Either lack of education, or a spherical one would help you there.
(like Pythia would say
)I know a bit about Belgium, but on Serbia....
Hoping to find two official languages:
TIL that Serbia is digraphic, "the speakers of Serbian are fully functional digraphic" https://en.wikipedia.org/wiki/Serbian_language
The Serbian Cyrillic alphabet was devised in 1814 by a Serbian linguist and the Latin alphabet was designed by a Croatian linguist in 1830.
Hoping to find two official languages:
TIL that Serbia is digraphic, "the speakers of Serbian are fully functional digraphic" https://en.wikipedia.org/wiki/Serbian_language
The Serbian Cyrillic alphabet was devised in 1814 by a Serbian linguist and the Latin alphabet was designed by a Croatian linguist in 1830.
- Status
Similar threads
