Interpretation -- FCS Discussion Forum

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Subject: Interpretation

Author:
Nick (UK)

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Date Posted: 10:05:38 01/14/05 Fri
In reply to: Ian (Australia) 's message, "I can't claim to understand all this" on 18:23:06 01/13/05 Thu

The best chart is the one that shows the UK, Australia and Canada maintaining a virtually flat relationship to each other and the US in GDP at purchasinbg power parity terms (between 70 and 80% of US levels consistently between 1950 and 2004), while other industrialised nations (shown on other charts) rise and fall around them. The implication is clearly that our common zeitgeist and business culture leads our economies to perform closely in-line despite the issues of geographical distance, increasing 'political' distance and even economies dominated by very different types of product. It also suggests to me that while we all perform closely in-line with the US economy as well as each other, its relative size and strength means it would not be an equal parter while we could unify without noticing an economic impact or feeling dominated by any one economy. This is one of the best arguments for economic and political integration of an FC you could produce (although the writer is not coming at it from that angle). It also clearly suggests that the UK would be far better off in the long run pooling its resources with Australia and Canada than with Italy, France and Germany, as our economies and societies perform 'in-line' and so will not be subject to the same pressures that are likely to go on undermining European unity. Essentially the article supports everything I've been saying.

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[> [> [> Subject: We need to quote this article when talking to doubters
Author: Jim (Canada) [ Edit \| View ]	Date Posted: 12:16:38 01/14/05 Fri [ Post a Reply to This Message ]