Canada's Economy--The EARTH is one but the WORLD is not.

Canada's Economy--The EARTH is one but the WORLD is not.

by Al Alex-Alexander D. Girvan on Tuesday, 13 July 2010 at 07:51

TOP 10, RICHEST COUNTRIES IN THE WORLD

Last updated on: June 7 2012, the following is a list of the top ten richest countries in the world (we could call them the G10): Qatar, Luxembourg, Singapore, Norway, Brunel, United States, United Arab Emirates, Switzerland, Netherlands , Austria. This list is based on 2011-2012 reports from the International Monetary Fund, Which uses the Gross Domestic Product (GDP) per capita of each country, adjusted for cost of living and purchasing power. GDP is the total market value of all final goods and services produced in a country in a given year.

Notice: at the recently hosted G8 summit Stephen Harper argued that free trade is an alternative to austerity cutbacks and that there are ways to resurrect teetering economies that involve neither devastating austerity measures or massive stimulus spending. “It doesn't have to be an either/or situation; trade, for example, is a way to cultivate growth,” the senior Canadian government official said; at the G8 summit, being held for the first time at this lush luxurious, leafy, presidential, retreat tucked away in the scenic Blue Ridge Mountains.
(Canada does not even come close to making the list and hasn't for a while. The United States of the Americas is ranked only sixth. So, since, Canada IS NOT A G8 COUNTRY, other than that it provided HIM AND HIS FAMILY a holiday and photo opportunities, paid for out of tax-payer money, WHAT WAS HE EVEN DOING THERE?) 

“Free trade deals create jobs and stimulate growth and don’t involve government spending a lot of money.”
(Although we often speak of "Government Spending" government do not have any money to spend; they disperse taxpayer money.  As confirmed by the usual ten or eleven cent Canadian dollar (real value-Canadians SELL CANADIAN-they BUY U.S.); most of the jobs and stimulated growth are created in other countries

In the rankings of the World's Top 10 Richest Countries in 2011, Qatar came in first, knocking Luxembourg from its top position. Like Canada, Qatar is an oil rich country with other money-making natural resources, such as natural gas. And like Canada, despite being the richest country, much of Qatar's population is very poor (in Canada it’s seniors and others on “FIXED INCOMES), and the wealth disparity in the country is extreme. Among the countries THAT ARE ON THE LIST, four are from Asia (Qatar, Singapore, Brunei, and United Arab Emirates); five are from Europe (Luxembourg, Norway, Switzerland, the Netherlands, and Austria) and ONLY ONE IS FROM THE AMERICAS (THE UNITED STATES OF THE AMERICAS). International financial services, tourism, petroleum and natural gas exports, electronic goods manufacturing, aiding movement of goods (as in the case of Singapore) and flourished service sector are the keystones behind the economic success of these nations.

Canada in a Global Context
We all depend on biosphere for sustaining our lives. Yet each culture, each community, each country, each economic union, strives for survival and individual perceived prosperity. Some countries -- with no regard for its impact on others-- claim an inherent “RIGHT” and consume the Earth’s resources at a rate that will leave little or nothing for future generations. Others, many more in number (largely due to excessively large human populations), consume far too little and live with the prospect of hunger, squalor, disease, and early death.
Although “WESTERN” nations often choose to ignore the truth; historically and traditionally, China and India used to be the world’s largest economies. Even the Roman Empire and colonial powers like the UK and France accounting for just 5.4 and 5.2 of the world’s output at that time were behind. The US was at number nine in the 1800s. From being a small economy in 1820, through ruthless aggression, dictatorial compulsion, over exploitation and opportunism, the US economy grew at an astonishing and VERY DANGEROUS rate to FOR A VERY SHORT TIME become the largest economy in the world. Clearly, for a short period, the US economy outperformed the former economic powers of the UK, France, Spain, and Japan in the “developed/Western world. But, the USA is now a dying nation. Through the complacency and non-thinking of the average citizen,  and our Canadian government policy???, the Canadian economy is ”inseparably” conjoined with the U S economy. “Soon, replacing many of the developed countries will be emerging markets like: Mexico, Indonesia, and RUSSIA”???

By 2050, China is projected to jump back into its traditional #1 position, overtaking the US and India is estimated to again become the third largest economy.

©Al (Alex Alexander) D. Girvan @010