Re: When VN becomes a real Tiger?

[Thanh Tung Truong <tung.truong@e-technik.tu-chemnitz.de>]

> VN is, as people say, a tiger in a bycircle. Is it true or not?
> First, let read my primitive forecast about VN-se economical growth.
>
> -----------------------
>
>  GROWING PERCENT 9.0 % PER YEAR.
>
>  ACTUAL INCOME 250.00 $ PER PERSON.
>
>  QUESTION: How is INCOME per PERSON after 50 years ?
>
>
>  After 50 years : 18589.38.
>
> ---------------------------
>
>  VN-se INCOME per PERSON IS EQUAL 18589.38 $ AFTER 50 YEARS.
>

> So VN need at least 50 years for achieve actual state
> of many countries. THE DARK SIDE OF THE MOON!

Dear all:

Following are my opinions on the GDP and income per capita issues:

1. The GDP figure is only an imperfect measurement for the strength and the 
potential of an economy. 
Important factors such as enviromental conditions, intellectual potential, 
social security, buying power or the amount of peoples leisure time remain 
unreflected in GDP figures.

2. Long-term growth cannot be predicted by just a simple mathematical 
operation. Growth depends on many factors and will cease as soon as 
available resources are exhausted. There is a chance that the income per 
capital of people in the top countries might at certain point begin to 
decline.
After all, an infinite growth is impossible on our Earth. 

3. Income per capita cannot be used to measure peoples' wealth and 
happiness. In fact, much much much money and resources have been wasting on 
luxury/nonsense, especially in the first world. 
The Vietnamese people can live with a modest income per capita if they 
don't repeat the mistake others have been making.

One question to experts on the list: 
Does a revaluation/devaluation of domestic currency have any effect on the 
GDP figure?

Cheers,
Thanh-Tung Truong