World economics intro

Сентябрь 9, 2022

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World economics intro

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3. COURSE STRUCTURE
4. PROGNOSIS OF COUNTRIES DEVELOPMENT IN 1990S AND REALITY
5. NEW The Gross Domestic Product (GDP) of an economy is a measure of total production. More
6. WORLD DEVELOPMENT IN DYNAMIC GDP, PPP (current international $) GDP growth (annual %)
7. GDP, GNP, GNI AND GDP PPP
8. TOP 100 COMPANIES BY COUNTRY – TRENDS 2009-2017
11. CHANGING WORLD The history of urbanization, 3700 BC – 2000 AD http://metrocosm.com/history-of-cities/
12. The economy of the United States is the largest in the world. At $18 trillion, it
13. FASTEST-GROWING ECONOMY The US may not dominate for much longer, however. Although China trails the US
14. THE BIGGEST ECONOMIES IN 2050 A new study by PricewaterhouseCooper says that China will be in
15. THE WORLD IN 2050
16. RULE 72 The rule of 72 is a shortcut to estimate the number of years required
17. INCOME Incomes per person in poorest countries are $300-500, for developed – above $20,000 For transition
18. The most time has spent on growth from low level to middle (!) the stable growth
21. Скачать презентацию

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COURSE STRUCTURE

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PROGNOSIS OF COUNTRIES DEVELOPMENT IN 1990S AND REALITY

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NEW
The Gross Domestic Product (GDP) of an economy is a

measure of total production. More precisely, it is the monetary value of all goods and services produced within a country or region in a specific time period. While the definition of GDP is straightforward, accurately measuring it is a surprisingly difficult undertaking. Moreover, any attempts to make comparisons over time and across borders are complicated by price, quality and currency differences. This article covers the basics of GDP data and highlights many of the pitfalls associated with intertemporal and spatial comparisons.

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WORLD DEVELOPMENT IN DYNAMIC
GDP, PPP
(current international $)
GDP growth
(annual

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GDP, GNP, GNI AND GDP PPP

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TOP 100 COMPANIES BY COUNTRY – TRENDS 2009-2017

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CHANGING WORLD
The history of urbanization, 3700 BC – 2000 AD
http://metrocosm.com/history-of-cities/

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The economy of the United States is the largest in the

world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures.

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FASTEST-GROWING ECONOMY
The US may not dominate for much longer, however.
Although China

trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared with America’s 1.6%, according to the IMF.
China has also overtaken India as the fastest-growing large economy. The IMF’s World Economic Outlook estimated China’s economy grew at 6.7% in 2016, compared with India’s 6.6%.
Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so.
The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP. That’s compared to North America, which represents just over a quarter, at 27.95%.
Europe comes third with just over one-fifth of global GDP (21.37%).
Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.

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THE BIGGEST ECONOMIES IN 2050
A new study by PricewaterhouseCooper says that

China will be in first place by 2050, because emerging economies will continue to grow faster than advanced ones.
India will rank second, the US will be third, and fourth place is expected to go to Indonesia.
The UK could be down to 10th place by 2050, while France could be out of the top 10 and Italy out of the top 20 as they are overtaken by faster-growing emerging economies such as Mexico, Turkey and Vietnam.
The report also says that the world economy could more than double in size by 2050, far outstripping population growth, due to technology-driven productivity.

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THE WORLD IN 2050

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RULE 72
The rule of 72 is a shortcut to estimate the

number of years required to double your money at a given annual rate of return.
If Gross Domestic Product (GDP) grows at 4% annually, the economy will be expected to double in 72 ÷ 4 = 18 years.
GDP grows at 1% - the GDP doubled in 72 years
GDP grows at 7% (the world higher level of growth) – the GDP doubled in 10 years
GDP growth of Ukraine 2,3
China 6,7
USA 1,5
World 2,24

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