Country which u think can withstand global crisis
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Okay everyone this is a thread asking for opinion. Name one advanced country that you think is in a good position to buffer the global crisis. No need to tell why but you are of course allowed to explain your opinion.
I go first: Israel.
I know the stocks are falling too in Israel but I think they will be able to come out of the crisis pretty well. At least better than most other advanced countries.
Which country do you think is best prepared to withstand the global crisis? Russia? India?
Perhaps we could even make a poll in the end to see which country ranked most voted.
One forumers one nation. otherwise the poll would be meaningless.
I try to check this thread as often as I can(I have to reject Bhutan I assume the poster wasn't being serious)
Poll:
Israel: 1
China: 1
United Arab Emirate: 1
Australia: 1
Malaysia: 1
Thailand: 1
(I put Thailand in because somebody mentioned it? Besides the king of Thailand is the richest man on the planet lol)
Iran: 1
(Well I agreed to put Iran in because I think it does have a huge reserve of oil though it may not be considered a developed country yet). Though you have to realize the the price of oil is dropping substantially from over US140 each barrel down to less than US$50 per barrel.
Singapore: 1
At the moment there is no one single country which we could agree able to buffer much of the global crisis or pretty well able to buffer itself from its effects.
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China, because i think its leaders have a realistic idea of the problem. it can also rely on domestic consumption to tide over the crisis.
India relies too heavily on exports while Russia is dependant on high oil prices to fuel its economy.
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No one. The shorters are winning.
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Originally posted by Miracles&Prophecies:
Okay everyone this is a thread asking for opinion. Name one advanced country that you think is in a good position to buffer the global crisis. No need to tell why but you are of course allowed to explain your opinion.
I go first: Israel.
I know the stocks are falling too in Israel but I think they will be able to come out of the crisis pretty well. At least better than most other advanced countries.
Which country do you think is best prepared to withstand the global crisis? Russia? India?
Perhaps we could even make a poll in the end to see which country ranked most voted.
One forumers one nation. otherwise the poll would be meaningless.
Dubai....Du-(gu qiu)-bai
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Afghanistan, Congo, Zimbabwe and all the other shitholes..
basically, before the global financial crisis, they were shitholes.. during the crisis, they'll still be shitholes.. and after everything settles and the world pulls out of it, i wager they'll remain shitholes...
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Originally posted by the Bear:
Afghanistan, Congo, Zimbabwe and all the other shitholes..
basically, before the global financial crisis, they were shitholes.. during the crisis, they'll still be shitholes.. and after everything settles and the world pulls out of it, i wager they'll remain shitholes...
LOL well said santa bear
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Originally posted by the Bear:
Afghanistan, Congo, Zimbabwe and all the other shitholes..
basically, before the global financial crisis, they were shitholes.. during the crisis, they'll still be shitholes.. and after everything settles and the world pulls out of it, i wager they'll remain shitholes...
Thank you for your useles assessment next,
I said advanced or rich country......
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China.
They have people who're willing to work 24/7 and not request for any workers' benefit whatsoever. -
Australia.
Self-sufficient most of the time.
Has their own natural resources so in good stead to ride thru the crisis.
The one that cannot withstand:
Singapore - Always in hot water when the global economy dips. No matter what our highest-earning-in-the-world politicians do, there's nothing they can put in to stop it, and they will always blame the world for putting Singapore in crisis, and take credit when Singapore does well.
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Originally posted by Miracles&Prophecies:
Thank you for your useles assessment next,
I said advanced or rich country......
they are advanced in their decomposition...btw.. "advanced" is a weird thing.. for a country to be "advanced" in the flawed economics being taught by the world, the country is considered strong and progressive if they can consume at a faster rate than anyone else...
so.. what is the world trying to do to get itself out of the rut?
the idiot economists are saying "china has to consume more" and "we must spend our way out of this rut"
how the hell did the world get into this rut in the first place? it was through reckless and indiscriminate consumption...
which "advanced" country can weather this best? if they keep going like they are going now, none.. because we are at the stage where it looks like we're past the stage where the world can sustain the population... yet every single government is telling us to increase the population...
something must give...
so.. there.. NO ONE is going to weather this well in the long run...
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Yes in the long run everyone suffers but the extend at which they suffer may differ greatly as one country may be able to buffer much or some of the crisis effect while the other is hit hardest.
To the next economy rebound everyone!
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To be honest, i'd say Iran.
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Originally posted by Pentaxdude90:
To be honest, i'd say Iran.
Iran heavily depend on oil.. Oil price will not go much higher during downturn time. In fact, they are already feeling the heat, economy start to feel strain. -
bhutan
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dont think oil price will stay low 4 long
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Our neighbour Malaysia
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Originally posted by 诸葛亮:
Our neighbour Malaysia
indeed.. a country that cycle around themselve
30% malay
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A country that has plenty of arable land, but does not have a high population density....
Thailand?
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Originally posted by Stevenson101:
China, because i think its leaders have a realistic idea of the problem. it can also rely on domestic consumption to tide over the crisis.
India relies too heavily on exports while Russia is dependant on high oil prices to fuel its economy.
Eh? China's domestic market is pathetic in size and consumption compared to the US or Europe. A lot of major Chinese companies there overestimated the short term demand and now are short on credit as well.
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Originally posted by Fingolfin_Noldor:
Eh? China's domestic market is pathetic in size and consumption compared to the US or Europe. A lot of major Chinese companies there overestimated the short term demand and now are short on credit as well.
Granted, they won't be enjoying the same kind of growth they had but what i understand from what the TS is asking is whether it can withstand the economic crisis.
But the general impression i get from talking with my Chinese colleagues and surfing their news websites is that they have a pretty decent understanding of the stituation and are dealing with it.
The recent Mumbai attacks have also affected investors' confidence in India and that would affect India's ability to withstand the crisis.
So overall yea, i think China's in a better position to survive the stituation.
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I think those that will survive well will be those that diversify out of US Dollar in currency reserves. Hahhaa.
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Originally posted by Shotgun:
I think those that will survive well will be those that diversify out of US Dollar in currency reserves. Hahhaa.
Heh, I think you've pretty much hit on the core of the issue here.
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Originally posted by the Bear:
Afghanistan, Congo, Zimbabwe and all the other shitholes..
basically, before the global financial crisis, they were shitholes.. during the crisis, they'll still be shitholes.. and after everything settles and the world pulls out of it, i wager they'll remain shitholes...
funny, i was just talking about this with a neighbour this afternoon, about how life is still shitty for the poor with or without the crisis. they're living hand to mouth anyway. its only those who found themselves unable to spend on luxuries that were more affected.
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singapore
we have a good minister in cheif and good staffs
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I vote for brunei.
They got oil, they got agriculture, that basically cover most necessities in life already.
Their car can move, they have food to eat.
The rest of the things which need to import from overseas can be reduced and delayed during bad economy times, so not a problem.
Furthermore, their government don't need to buy expensive weapon and go around the world to bully other countries, that already save a lot of budget.
Their government don't play gambling in stock market which is large dependent on US economy and the banker's moral, so they are very little affected.