I never said it was the sole criteria, Tenpenny. But it is at least the main criteria. And in the definition I have posted, it indeed was the sole criteria. So it can be the sole or the main criteria.
What is a developed country?
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I never said it was the sole criteria, Tenpenny. But it is at least the main criteria. And in the definition I have posted, it indeed was the sole criteria. So it can be the sole or the main criteria.
And where did I say that that was the sole criteria? Mind you, according to one definition that is the sole criteria. So I wouldn't be wrong if I said that is the sole criteria. So you are arguing about nothing.
But what I am saying here is that a country cannot be developed without high per capita income, per capita income has everything to do with it. But other factors could also contribute.
But I fail to see how you go from one to the other.
Let me give you an analogy. Being intelligent, being smart has everything to do with becoming a doctor. That doesn't mean that that is the only factor. What that mean is that if you are not intelligent, you won't become a doctor.
Quite so; it is but it isn't, and I said it was but I didn't say it was.
You're trying to argue about nothing, because I agree with you completely when you say that you said it or you didn't say it, and that it is or it isn't.
It's quite refreshing that you have opened your mind, and are now able to see the Truth.
You're trying to argue about nothing, because I agree with you completely when you say that you said it or you didn't say it, and that it is or it isn't.
It's quite refreshing that you have opened your mind, and are now able to see the Truth.
Being intelligent or smart has a lot to do with being an electrician or a carpenter, in fact most jobs. I learned years ago there are 7 different kinds of intelligence, the important thing is to have the type needed for the job you choose.
Actually for most jobs there are other criteria as important as intelligence- determination, ability to plan, meticulousness, patience.
Cool, we can all relax now and quit working so hard. We're developed now.
Um, does that mean we need another goal to reach for or have we done it all?
Surely you can think of examples why a per capita based approach might be skewed? Take the Chinese example. Chinese policy has a lot to do with the disparate income distribution amongst it's citizens. The Hukou Registration system has been described as China's apartheid.
When the state controls income, rather than markets, it's perverse to use the same economic benchmark to compare against countries which have more open and mobile economies for their citizens.
The opportunity for China to improve living conditions and wages is much better than in countries with similar GDP per capita figures, like Cameroon or Guatemala.
We are getting off topic but here they are 7 kinds of intelligence (which are all necessary for a developed nation)
[FONT=Arial, Helvetica, sans-serif]1. Linguistic Children with this kind of intelligence enjoy writing, reading, telling stories or doing crossword puzzles. [/FONT][FONT=Arial, Helvetica, sans-serif]2. Logical-Mathematical Children with lots of logical intelligence are interested in patterns, categories and relationships. They are drawn to arithmetic problems, strategy games and experiments. [/FONT][FONT=Arial, Helvetica, sans-serif]3. Bodily-Kinesthetic These kids process knowledge through bodily sensations. They are often athletic, dancers or good at crafts such as sewing or woodworking. [/FONT][FONT=Arial, Helvetica, sans-serif]4. Spatial These children think in images and pictures. They may be fascinated with mazes or jigsaw puzzles, or spend free time drawing, building with Leggos or daydreaming. [/FONT][FONT=Arial, Helvetica, sans-serif]5. Musical Musical children are always singing or drumming to themselves. They are usually quite aware of sounds others may miss. These kids are often discriminating listeners. [/FONT][FONT=Arial, Helvetica, sans-serif]6. Interpersonal Children who are leaders among their peers, who are good at communicating and who seem to understand others' feelings and motives possess interpersonal intelligence. [/FONT][FONT=Arial, Helvetica, sans-serif]7. Intrapersonal These children may be shy. They are very aware of their own feelings and are self-motivated. [/FONT]
[FONT=Arial, Helvetica, sans-serif]1. Linguistic Children with this kind of intelligence enjoy writing, reading, telling stories or doing crossword puzzles. [/FONT][FONT=Arial, Helvetica, sans-serif]2. Logical-Mathematical Children with lots of logical intelligence are interested in patterns, categories and relationships. They are drawn to arithmetic problems, strategy games and experiments. [/FONT][FONT=Arial, Helvetica, sans-serif]3. Bodily-Kinesthetic These kids process knowledge through bodily sensations. They are often athletic, dancers or good at crafts such as sewing or woodworking. [/FONT][FONT=Arial, Helvetica, sans-serif]4. Spatial These children think in images and pictures. They may be fascinated with mazes or jigsaw puzzles, or spend free time drawing, building with Leggos or daydreaming. [/FONT][FONT=Arial, Helvetica, sans-serif]5. Musical Musical children are always singing or drumming to themselves. They are usually quite aware of sounds others may miss. These kids are often discriminating listeners. [/FONT][FONT=Arial, Helvetica, sans-serif]6. Interpersonal Children who are leaders among their peers, who are good at communicating and who seem to understand others' feelings and motives possess interpersonal intelligence. [/FONT][FONT=Arial, Helvetica, sans-serif]7. Intrapersonal These children may be shy. They are very aware of their own feelings and are self-motivated. [/FONT]
No doubt there are big income disparities in China, and Communism keeps it that way, people don’t speak out against the disparities. But China’s low per capita income tells us that even when all the income is added, China does not have much, considering its huge population.
Per capita income tells us about the average wealth of each individual.
And why would that be? Per capita income is the measure of wealth. If one man has 100,000 $ and another 1,000 $, we can safely say that the first man is better off than the second man. This regardless of distribution of wealth, whether he has that money is cash, stocks, real estate etc.
You are right, but not for the reason that you think. China has a better potential to improve wages and living conditions because it has a high growth rate, one that is not found in Cameroon or Guatemala. Also, if you look at the list of countries, per capita income of China is higher than that of either Cameroon or Guatemala. You picked two of the poorest countries in the world.
So China’s ability to improve living conditions of her citizens is attributable to high growth rate and higher per capita income (compared to Cameroon or Guatemala). It again comes down to per capita income. That is the best indicator to judge the wealth of a country.
While amount of income may be important it is not absolute. Countries who barter among themselves a lot have an advantage over those who don't.
That may well be, but we don't have any measure of how much barter goes on in each country. Since barter is probably illegal in most countries, there is no way we can get an accurate measure anyway. Per capita income or GDP is the best means we have of judging the wealth of a country. Other factors such as industrialization or Human development Index tell us how that wealth is utilized.
It is not illegal for minor things. For example if you mow your neighbour's lawn in summer and her promises to plough your driveway in winter you have a deal. Where barter becomes illegal is when it is done to avoid paying taxes. For example you go to an automobile dealership and buy a car with the promise that you will do the dealership's taxes for the next ten years. Since no money changes hands, there is no income and the government cannot collect its share of the revenue.
Bartering is quit legal in Canada and can be done if all things are considered at fair market value, as Bar states, no tax is collected or due on a non cash transaction. Like when you trade in an old car to by a new one, you only pay tax on the difference.
Off topic sort of, Tenpenny loves Fyodr Dostoyevsky.