Rohan ClarkeBusinessinsider
"If we look at the indirect impact, our research also shows that for every one percentage point faster in China's growth, that raises on average the level of GDP in other economies in the medium term by about 0.3 percentage," said Barnett. The figure underscored that strong sustainable grow...
Share of international trade of goods and services in nominal GDP for Taiwan Source: Charles Schwab, Taiwan Directorate General of Budget Accounting and Statistics, Macrobond data as of 3/7/2024. China makes up 22% of Taiwan's exports, more than double the next largest country's (Japan)...
if you are comparing the 26% of GDP to European numbers, don’t. You need to add in state and local spending. If the US federal government moved up to 26% of GDP, then total government spending would move up to the bottom end of the Western European level, and above Australia/Canada...
“Australia significantly underperforms against most OECD countries when it comes to investing in public schools, new data shows.“ Australia spending more on private schools than other developed nations,Nine News “The gap in Australia’s education system has been revealed in new research examining ...
Historically in Australia, all levels of government created collective wealth by owning and operating infrastructure, and managing natural assets, key public goods and essential services while being answerable to the public. This strong state tradition w
The size of the chinese economy makes it real burden for them. Indeed they are able to invest lesser pecent of their GDP in R&D, and the fundamental science is dimmed in the shadow of the necesities - energy, food... Offline Like button can go here ...
Australia Canada Denmark New Zealand Ireland Finland United Kingdom Iceland Japan South Korea U.S. Healthcare Spending The situation was roughly the same five years before, in 2017. OECD data listed the U.S. as the country with the largest healthcare spending, sitting at $10,045 per capita...
investing capital abroad or enabling such transactions through financial or logistical support—qualifies as international commerce. It serves as the lifeblood of today’s globalized economy. Understanding its dynamics is indispensable for governments aiming to create jobs and grow GDP, for companies expand...
high standards of living, capitalist economies, and economic stability. Other measures that may be used to indicate first world countries include gross domestic product (GDP) or literacy rates. Broadly speaking, countries that may be considered ...