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Fastest growing economies in the world
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Joined: 04-Jun-2007
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Posts: 0 		  Quote Socom Quote  Post ReplyReply Direct Link To This Post Topic: Fastest growing economies in the world
    Posted: 21-Jun-2007 at 14:54
Originally posted by mamikon

The problem with economies driven by one sector only (such as oil) is that others are neglected and usually decrease. Azerbaijan already is suffering from the Dutch Disease as did many ME nations 30 years ago...


A good example of this would be in the 1600-1700's during the age of mercantilism. Many countries, most notably Spain, solely relied on gold from their overseas colonies to fuel their economies and ignored home industries.
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  Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 21-Jun-2007 at 19:10
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Posts: 1108 		  Quote ataman Quote  Post ReplyReply Direct Link To This Post Posted: 25-Jun-2007 at 04:13
Originally posted by Cywr


This should be right up your alley:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html
 
Good site, but there are some mistakes. The real growth rate for Poland in 2006 was 6,1% (there is 5,8% on the list). In the first quarter of this year we have 7,4%.
 
 


Edited by ataman - 25-Jun-2007 at 04:25
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Posts: 1108 		  Quote ataman Quote  Post ReplyReply Direct Link To This Post Posted: 25-Jun-2007 at 04:21
Originally posted by Kalevipoeg


Estonias economic growth has been up to 12% in recent years, and is around 10 or so these days, 8,..% this last quarter, although many people now want it to stop its pace to prevent over heating.
 
The economic growth of Estonia (also Latvia and Lithuania) is really impressive. In 10 years Estonians will be richer than Germans, although 10-15 years ago Estonia was one of the poorest European country. This is really a big achievement.


Edited by ataman - 25-Jun-2007 at 05:20
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Posts: 1108 		  Quote ataman Quote  Post ReplyReply Direct Link To This Post Posted: 25-Jun-2007 at 04:35
Originally posted by Maharbbal

It would be interesting to see the GDP rise over 5 or 10 years
 
I'd like to see this too.
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Posts: 2810 		  Quote Styrbiorn Quote  Post ReplyReply Direct Link To This Post Posted: 25-Jun-2007 at 05:57
Originally posted by ataman

 
The economic growth of Estonia (also Latvia and Lithuania) is really impressive. In 10 years Estonians will be richer than Germans, although 10-15 years ago Estonia was one of the poorest European country. This is really a big achievement.


Possible, but not definite. As the standard of living and economic development increase the growth rate will decrease as the divide between Estonia and its western neighbours gets smaller. 75% of the foreign investments in Estonia comes from Sweden and Finland, and the low salaries have been a major reason for investors to open their wallets. Those salaries are rising however, so it might change.
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