"Oleg Smirnov" <
Olegs...@yahoo.com> wrote in message
news:XnsA93A6850...@46.165.242.91...
I wonder what was the fraudster's point to post it backdating, and, by the
way, a few signs in the headers of this message have hinted to me who exactly
of the Usenet regulars is this "46.165.242.91" fraudster.
> Russia's Surprisingly Small Economy
> Russia's GDP is smaller than you might think.
>
> How big do you think Russia's economy is? It must be huge, right?
It's the 5th world economy.
> Just look at a map. In terms of landmass, it's almost twice as large as
> the second-largest country in the world, Canada.
>
> Yet it turns out that Russia's economy is actually quite small. Its gross
> domestic product (GDP) in 2015 was half the size of California's or
> Canada's.
>
> You read that right. When it comes to economic might, Russia doesn't even
> crack the top 10 in the world.
>
> The main reason is that Russia has a smaller population than its landmass
> would lead one to believe. It takes the ninth spot in the world, with 142
> million people, outranked by the likes of Brazil, Nigeria, Indonesia, and
> Bangladesh. This matters because the size of an economy is dictated by
> labor and capital. The more of one or both, with all else being equal, the
> greater the GDP.
>
> On top of this, the sharp drop in oil prices since 2014 has crippled
> Russia's economy. Its GDP has dropped 40% since the year before energy
> prices tanked. To put that in perspective, the U.S. economy dropped a
> maximum of 26% during the Great Depression.
Such a comparison with the American Great Depression is very useful because
it illustrates the simple fact that it's pointless to compare national GDPs
without considering purchasing power parity (PPP).
The Great Depression was very visible and was accompanied by painful social
processes. Most of the regular Americans could feel it on themselves, in
their personal affairs. The Depression caused a few millions of irregular
deaths among the US population, - because of malnutrition and diseases etc, -
about which you may be not aware because the facts were cleaned out from the
American historical myths (and all the relevant / sensitive statistical data
are available today only since mid-1930s, - just try to find them yourself).
Comparing the Great Depression with the Russia's 2013 - 2018 developments
would be a very silly joke, since most of the regular Russians, as well as
most of the Russian businesses, had not experienced any tangible 'crippling'
effects due to the sharp drop in oil prices. The Russians today are living
basically the same way as in 2013. Russia's economy has managed to cope well
with several large projects, like the Crimean bridge or facilities for the
World Cup 2018. Various construction and improvement is going on everywhere,
new roads, railways, the N1 world wheat exporter and so on. So the fact that
"GDP has dropped 40%" may sound bold but it has little to do with the real
life and the real economy. Comparison of GDPs without PPP makes sense only if
the PPs in the compared economies are close to each other.
'Physical' meaning of GDP without PPP is the amount of goods an economy can
buy in the international market at a price equal to its GDP. The situation,
when a nation uses all its GDP to buy something in the international market
is purely hypothetical, - it can not happen in the real life, one can only
imagine it. In turn, a national GDP calculated with PPP has much more clear
physical meaning. It matches the real quality of life, and, for example, it
tells how long and well the nation can feed itself in the case of war etc.
Juggling with the GDP numbers without PPP is quite a notorious 'trick' the
Atlanticist propaganda uses to brainwash and cheat mainly their own English-
speaking populace. Due to the misleading numbers a large part of the regular
Americans live within shit and eat shit, but still believe they are living
incomparably better than people in other countries do. A useful delusion.