An independent podcast examining what the U.S. Congress is doing with our money and in our names. www.congressionaldish.com Follow @JenBriney on Twitter
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Measuring What Matters: Why GDP Is Not Geopolitical Destiny
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Manage episode 415613986 series 2598538
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Despite economic headwinds, China will still overtake the US in terms of real GDP How can power be measured between states? Key challenges in applying the power as resources approach China manipulates and likely exaggerates publicly released data on its economy and currency Net vs. Gross Metrics While Chinese real GDP is a source of power, it is counteracted by a number of significant economic costs. Utilising a net approach would account for the significant economic costs that China faces which counteract its large GDP, for example; an increasingly ageing population (contributing to a significantly declining working population); male-dominated demographics; overexploitation damaging much of its arable land; industrialisation and pollution causing substantial water scarcity and negative health externalities; huge welfare and internal security burdens; and increasing infrastructure and education costs. Spending money will always increase GDP even if THE money is wasted, as seen with China's ineffective infrastructure investments. Moreover, GDP counts production costs as output; therefore, spending money will always increase GDP even if money is wasted, as seen with China's ineffective infrastructure investments. Power Conversion Problems The USSR reached its military peak in the 1980s despite its economy being in a "death spiral", demonstrating that military power is often a lagging indicator. The USSR reached its military peak in the 1980s despite its economy being in a "death spiral" Conclusion
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44 episodes
MP3•Episode home
Manage episode 415613986 series 2598538
Content provided by Wavell Room. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Wavell Room or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Despite economic headwinds, China will still overtake the US in terms of real GDP How can power be measured between states? Key challenges in applying the power as resources approach China manipulates and likely exaggerates publicly released data on its economy and currency Net vs. Gross Metrics While Chinese real GDP is a source of power, it is counteracted by a number of significant economic costs. Utilising a net approach would account for the significant economic costs that China faces which counteract its large GDP, for example; an increasingly ageing population (contributing to a significantly declining working population); male-dominated demographics; overexploitation damaging much of its arable land; industrialisation and pollution causing substantial water scarcity and negative health externalities; huge welfare and internal security burdens; and increasing infrastructure and education costs. Spending money will always increase GDP even if THE money is wasted, as seen with China's ineffective infrastructure investments. Moreover, GDP counts production costs as output; therefore, spending money will always increase GDP even if money is wasted, as seen with China's ineffective infrastructure investments. Power Conversion Problems The USSR reached its military peak in the 1980s despite its economy being in a "death spiral", demonstrating that military power is often a lagging indicator. The USSR reached its military peak in the 1980s despite its economy being in a "death spiral" Conclusion
…
continue reading
44 episodes
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