LOGO
USA Politics
USA political debate

Reply to Thread New Thread
Old 12-07-2009, 07:27 PM   #1
AccusaJalsBub

Join Date
Oct 2005
Posts
550
Senior Member
Default
It's in a few papers, however I don't put much credence in think tanks they often get things very wrong.

http://www.telegraph.co.uk/finance/economics/6750844/Britain-risks-falling-out-of-worlds-top-10-economies.html

As you have already mentioned Alonzo the current high strength of the Euro and exchange rates has affected Britain's position in relation to some European countries, whilst Canada and Australia are much bigger countries with far greater natural resources. However it's not that Britain is going to decline, it's a case of other countries such as the BRIC Nations are growing rapidly and some countries have vast natural resources such as Russia, Canada and Australia.


As you're aware, the populations of Canada and Australia are much than the UK's. However, as you note, they have a lot of natural resources. By contrast, a main driver of Britain's economy is financial services, and its world-wide market share in that segment will shrink dramatically.
AccusaJalsBub is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 07:14 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity