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Singapore’s Rise: Boom or Bubble?
There is one that is soaring into the sky, called Singapore. In just 3 years, while other developed countries are still struggling to survive, Singapore’s per capita GDP is like a rocket booster. No country can achieve such an increase in the next year (2020-2021), and it is actually stable. Stand high. Image data source: World Bank Japan’s stock market recently exceeded 40,000 points, reaching a record high, but it is not enough in front of Singapore. Because just last month, Japanese media also released news that Japan’s nominal GDP in 2023 was initially estimated at 4.2 trillion U.S. dollars, which may be surpassed by Germany (nominal GDP in 2023…
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Japan’s Economic Decline: From “Economic Giant” to “Political Dwarf”
The recent remarks made by the famous economist Yukio Noguchi have once again aroused Japanese society’s great concern about its economic decline. Noguchi pointed out that Japan’s per capita gross domestic product (GDP) ranking is declining rapidly, falling to 27th among 40 developed economies in the world, and is on the verge of being kicked out of the ranks of developed countries. In fact, Noguchi is only concerned about per capita indicators. If we focus on aggregate indicators, the decline of Japan’s economy is even more obvious, and whether it is viewed from the long-term trend, current trends, or future trends, it is showing an increasing trend. Long-term Trend: The…
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The Economy is Not a Zero-Sum Game: A Refugee Camp Story
Our forebears often held the belief that the sole means of ameliorating our circumstances was to appropriate the riches of others or other societies. They perceived the economy as a zero-sum contest. The English nomenclature for this concept is “game,” which, when translated, signifies “game.” It denotes the pursuits undertaken by two or more individuals engaged in interactiave endeavors. A zero-sum game resembles the division of 100 yuan between you and me. If you receive a greater share, I am left with less. Hence, if I aspire to augment my own wealth, I can only pilfer yours. However, the economy is not a zero-sum game; rather, it is a positive-sum…
