Neither does our private sector. For example the 60,000 hectares of land under sugar cane will produce barely 1% of our GDP this year. That's roughly the size of Singapore which has the world's 36th largest economy. Which means that they generate 2,458X more value for every acre of land that we have under sugar cane. Hey, but don't worry they're not the gateway to Africa. Plus their national animal is not a lazy bird which died in the same year as Pascal. Probably of diabetes. We just need to make it clear to the world where in the open seas does that gateway start. And where it ends.
Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts
Thursday, April 21, 2016
Thursday, January 5, 2012
Asia on Track To Reclaim Economic Dominance
By 2050 if it avoids the middle-income trap and current growth trends persist. So says an ADB report. It would then account for 52% of World GDP just like it used to 300 years ago before it failed to make the most of the industrial revolution. Otherwise it will be about one-third less important. In other words it has to Samsung its way up to the new level. Is the Tigger of the Indian Ocean paying attention?
Labels:
Asia,
Asian Development Bank,
Middle-Income Trap,
Tigger
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