Gross domestic product (GDP) measures the income and output for the economy of a country. The world GDP has been calculated at $65.61 trillion by the CIA World Factbook (2007). Another comparative measurement of wealth is purchasing power parity (PPP). It is the relative values of two currencies.
Now, look at the world from the Wests perspective. China occupies Tibet. Any dissent is swiftly dealt with using brutal efficiency. The death sentence is enforced and organs harvested from executed criminals. Many in the West view these practices as, at the least, distasteful. But this is the accepted way in China.
It has become a catch-up concept to describe a range of trends and forces leading to openness, integration, and interdependence of economies. In short, LPG process–liberalization, privatization, and globalization–has engulfed the earth, ignoring the international boundaries to quite an extent.
Germany also keeps itself in the world’s top five greatest economies, being the largest in Europe. The country has a powerful technological base. Germany is the twenty-third highest in the world regarding per capita income: $38,860. The GDP PPP is at $2,833 trillion, improving more than 2% in 2007.The United Kingdom is Europe’s second-largest economy and the sixth largest in the world. Purchasing power parity is at $2,147 trillion. As far as per capita income, the German people are quite wealthy, with an income of $42,740.
But this doesn’t mean the end of the West. In the Western economies, we enjoy a high standard of living. Consider this; when Far Eastern workers look at the outside world, what do they see? The affluence of the West. They want the things that we have. Having traveled to the Far East some times I know that you can buy goods there for a fraction of the cost of the cost in the West. So what’s the problem? The Far Eastern workers. Comparatively speaking, their wages are far lower than ours. The MP3 player mass produced in China may have only cost you $8, but that could be half a days wage to the average worker in China.
You have to go back to the Depression in 1929 to find something this serious within the global economy. During that dark time in history when fortunes disappeared into nothing, investors killed themselves in desperation. Now and then, looking back in history, such collapses happen.
From a Spiritual point of view, I announce that even the financial system has a soul which breathe and pulsate in its rhythm, shown as wave patterns in for example stock charts. These historic wave patterns are well studied and researched among scientists. As an expert in the Law Of Attraction and as Spiritual Life Coach, I look at the world’s economic pulse and see a mirror of the way most people breathe.
These day saving the banks is not by any means the only arrangement yet is a basic begin as the no monetary economy requests help too. As the cash trade rates have demonstrated a descending development, it is just dollar and yen which have taken off up monstrously and additionally the Indian rupee, and other European monetary standards have failed on confront.