Discussion in 'Letting Off Steam' started by Firefly, Mar 7, 2016.
What’s got to do with North Korea?
Not much, why?
Nothing wrong with them, they are simply insufficient. Economic growth is generally accepted as good, but if that economic growth is based on the construction of 50,000 apartments in rural towns and villages, then it is somewhat a fools gold. By concentrating on the monetary value of GDP alone, and its increase in value over the inflation rate, it is masking other inefficiencies or other costs that are not factored into economic development.
I agree, that's why GNI is a better measure.
It is still an insufficient measurement. It masks inefficiencies building up in that 'growth'.
Given the universal acceptance of the Paris Climate Change accord, I would think that carbon emissions would now be an integral part of calculating GDP?
Its fine if employment rises and economic activity creates extra $$$ and 'growth' but if it is dependent on burning extra fossil fuels then some form of calculation to take that into account, reducing the level of GDP, should be considered.
I also think calculations derived from a broad spectrum of activities should be factored into measuring growth - education, crime, health, voluntary sector, arts & culture, etc...etc...
The way I see it, all that apparently matters is trade. How much it costs to produce consumable goods and how how they can sell for. That is a very narrow and limited way to measuring economic growth in my opinion.
Better to maintain or improve growth with greener energy sources, more like.
You'll find that richer countries have better "education, crime, health, voluntary sector, arts & culture, etc...etc..."
Is it not more a case of measuring economic growth being a very narrow and limited way to measure the growth, development and success of a country and/or society?
Perhaps yes. I dont distinguish much between society and the economy. The two are too interwoven to plausibly seperate from each other.
The GDP measurements, to which governments place too much store in, relate only to the monetary value attributable to economic activity in commercial trade.
Its obviously highly significant, but economic activity is everywhere and is not always measured in €€€.
I agree, in general. Not sure what your point is, although admittedly NK is not getting much of a look in now
Please guys buy a history book.
The most recent one I read was Humanity - A Moral History of the 20th Century by Jonathan Glover. Seems pretty apt to this thread.
Sadly the moral horrors of WWI trenches, Nazism, Stalinism and the gulags, Pol Pot and Yugoslavia are being continued in the 21st century by North Korea.
Contributions from your recent readings are welcome...
NK is playing a diplomatic blinder in my opinion.
After months of antagonism with the US and rocket launches and at least one nuclear test, they are now apparently offering a shutdown of nuclear sites and freeze on further testing.
The participation in the Winter Olympics and the approval of SK pop bands performing in the north signals a willingness for change imo.
From my armchair the NK play is this - we are open for business and open for reform and willing to move toward reunification.
The flip side is that the security of the regime leaders will be gauranteed by China and guaranteed some ambassador role (so no repeat of Saddam or Gaddaffi) and that US forces will retreat off Korean soil in return for a US embassy in the North to negotiate long-term diplomatic, security and trade agreements.
All just a hunch of course.
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