Hasdrubal Barca
Emperor
- Joined
- Jun 27, 2007
- Messages
- 1,441
Growth rate is important but can be misleading, for example, not only counting that a poor country that as nothing, if you build something there the growth rate will increase by 10% alone, but the real trick here is globalization, wealth is now global, for example France, its domestic growth rate is lower then Germany but its enterprises are far better internationalized and globalized then german one´s, so in a financial point of view France is actually growing much more then any other european country, same can be said of Brazil and its south american neighbours, while its GDP is lower, brazilian enterprises are now in a global stage and coming in force.
So watch out when you take conclusions based on rates alone...as Sun Tzu said, march divided, so the enemy will not now your real strenght.
So watch out when you take conclusions based on rates alone...as Sun Tzu said, march divided, so the enemy will not now your real strenght.