...You wouldn't believe it unless you see it ... so ...
During the last 30 years ...
The world's growth didn't run like a cheetah!
It was more like a Turtle ...
This was the situation in 2007. Until here and after taking a closer look at this image, you will not notice any substantial different piece of information, compared with what has been posted in the news / media, throughout the world, during the past decades ...
Image from the Wikipedia Website. It can be viewed here:
This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported, 2.5 Generic, 2.0 Generic and 1.0 Generic license.
...And, concerning the evolution of the GDP per capita, PPP, in the past 30 years ...
Looks nice !? No it shouldn't.
If you look closer you will notice that this is a 30 years chart and that the average Growth,
year end, Real GDP, per capita,
was in most countries, lower than 1% per year.
This means that there was not enough wealth created in those countries during the past 30 years, to support growth rates on the side of expenditure, bigger than 1%. And in most cases, many countries grew their budget expenditure many times more than they should, creating one of the biggest problems that threatens democracy and stability, worldwide. That is why, if you don't have the ability to print or to borrow money indefinitely, as in most cases, you should concentrate all your efforts on good management.
No comments:
Post a Comment