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Visualizing The Wealth Of Nations
In the past we have explored the life-cycle of a sovereign nation, and, perhaps more importantly when allocating capital to specific idiosyncratic investment ideas, we strongly believe, as Goldman notes below, that the competitive strengths of companies often stem from the advantages of the countries they reside in. These include a combination of resource availability (food, energy, mining and others), demographics, trade positioning, infrastructure quality and above all, the presence of strong, inclusive institutions that encourage innovation. So, what follows is Goldman's attempt to map the various success drivers of the world’s countries. Of course, the components of each category aren't exhaustive (and in some cases they are they overlapping), but we hope it is a good starting point from which to understand the fundamental advantages that some countries enjoy over others. Still think the U.S. is the greatest nation in the world? Try telling the Scandinavians...
We divide the drivers into four categories:
Innovation
Patents per capita, R&D as a percentage of GDP, venture capital as a percentage of GDP and the birth rate of companies.
Institutions
Confidence in national institutions, days aken to enforce a contract, the cost of starting a business and the GINI co-efficient that measures income inequality.
Resources
Net crude oil exports/(imports) as a percentage of consumption, per capita food surplus/(deficit), copper + iron ore + aluminum surplus/(deficit) and retirees as a percentage of population.
Infrastructure
Transport (airports per capita, railways per sq km), electricity production per capita and internet penetration.
All percent-rank scores are shown at the back.
The overall scorecard...
The World...(click image for huge version)
and a close up on Europe... (click image for huge version)
Source: Goldman Sachs
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Well there you go, pardner. Time to giddy-up and invade Canada.
Always thought they were hoarding beaver up there;)
Rooks rike someone has a knot in her panties..., again.
lulz/ MarK Carney withdrawals.
many countries look good on paper, but US leads on what really counts:
INNOVATION....military tech: colonized moon decades ago, next up mars while asians are trying to shoot their rockets straight up.
INSTITUTION of elite branding: harvard....even the top guy in China send their kids to Harvard.
RESOURCES all commodities are traded in USD and thus pays taxes to US banksters. Also US has the most gold. Even other countries' gold is in US banks.
INFRASTRUCTURE: aircraft carrier allows US to rule the world.
I love sarcasm/ Large Hadron Collider CERN. Keep up the good work A/H ;-)
This is the same Goldman Sachs who a few years back claimed Greece and Spain were miracle posterboys in the global economy.
In other worlds, Scandinavia is completely fuxored. Seems like they're next in line to be thrown under the bus.
Where in the heck have you been? let me guess/ Off shore oil rig? Deep sea diving? Ant Artic explorer? /sarc
these charts and tables beez rayciss
Huxley, in spite of what your friends say about you...
I actually know a good Harvard man.....
One, out of a fairly prodigious number. Don't get me started on the fucking law school.
Prodigious numbers, and Law Schools. Canadians and resources. (You two gentlemen) are impressive.
Not really. Life is always like that, in retrospect. When I was a teenager, I played in a jazz band with a Yaley. He considered himself my Uncle. Tried to get me interested in his younger daughter who was kind of homely and two years older. A fucking eternity when you're sixteen.
If I knew then, what I know now....
Quit lying to your self. We learn until the day we DIE. It's all about ( information dissemination) ;-)
I like you kaiserhoff/ You have ( BALLS)
Perhaps we learn past that. I hate religion, but I know the soul. Anything less would be such a waste.
The things we can't yet prove, are sometimes the only essentials.
thanks yen. Against all evidence, there is yet hope.
Don't want to leave false impressions.
I graduated, with honors, from Illinois, where there was competition.
Taught in the Ivy League, but never had much use for them.
1820 Per capita world Gross Domestic Product (according to today's economic historian Angus Maddison) is $667, measured in 1990 dollars. This (according to Maddison) is up from $435 in the year 1000. Western Europe, which was lower than the world in general in the year 1000, at $400, is at $1,232.
1890 Economies in Europe have been in a down turn. British investors sell their U.S. stocks for needed money.
PORN - don't you forget about that!
SUPER HEROES - who else has them?
...
Resources: Oil, Food, Metals, Old People. Wait, what? Why are retirees a resource?
Woverine - also Canadian... one more reason to invade I guess.
Aldous MDB Huxley. What a tool.
Yeah, kaiserhoff, there is no doubt that Canada is relatively one of the best off countries, by many measures, both now, and in a range of probable futures. However, the political paradox is that Canada is one of the worst countries, from a more abstract view, precisely due to those reasons. Canada still has an extremely colonial system, and its people are worse mainstream morons, because they did not have to think, and thus, they tend to not think, because things have been relatively good, and continue to be relatively better than almost everywhere else in the world. Generally speaking North Americans are misinformed, or victims of disinformation, more than is easy to comprehend, since it is like fish not noticing the water. I believe that the average Canadian is even more misguided than the average American. Although Canada is a relatively wealthy country, which shows up in many different kinds of comparative studies, that tends to drive the political paradox that Canadians are less aware, and think less about politics, and believe more in bullshit, while their actual systems are more unbalanced and more hypocritical, due to those facts. The paradox has been that the flip side of the wealth is complacency. Canada is better off in most material ways, however, the flip side of that is that more Canadians are more profoundly ignorant, and want to stay that way, in equal proportion.
I beg to differ.
Most Canadians know who the American President is. Some even know the American Pledge Of Allegiance.
How many Americans know anything about Canada?
Most American citizens don't know the Pledge Of Allegiance. As a nation we as Americans tend to be egocentric and myopic, not the Canadians.
It goes to the heart of what a nation thinks is important. When it comes to the issues of National Allegiance and patriotism... important things like that, Canada is WAAAAY ahead of the United States.
Most young Americans think the Pledge of Allegiance is an iPhone app.
As in "iPledge"
Canada's pretty cool, but it's TINY. Most Americans can't name the governor of any state other than a couple of the big ones, either.
That's what it's like. Canada is competing for brain-space with Texas, Florida, California, etc.
The pledge of allegiance certainly isn't an important concern, but if you're into brainwashing, it's a pretty good tactic. How's the Canadian pledge of allegiance go?
"I pledge allegiance to that leaf on the flag, eh. For the Queen."
Canada tiny, right behind Russia.
What makes a country is the people, not the landmass. When's the last time you heard people bitching about the government of Antarctica?
Blunderdog, If you get the jist of my post? I am in absolute agreement with you ;-)
I'l be more pre-fect in the future. I have a youtube clip for you/ if you don't mind? National Lampoon's Vacation - Christie Brinkley (High Quality) - YouTube
Most important, all canadians know who their real ruler (by the grace of G-D) is. She's prominently displayed in all of Canada's coinage.
Ax Man) for short( Canada has 3 primary regions that stretch from the (Northern Atlantic (artic) to the Northern Pacific(artic), southward into the lower contigious 48 states.
That is a " profound landmass to manage" Reminds me of Australia/
Let me guess: those three regions are called "cold", "colder" and "coldest"
It is much easier when the Head of State changes once every ~70 years instead of every 8.
Atcually - we Canadians bitch about our government plenty. But we're here and you are there so you are not likely to hear it. Nor is it likely to be covered on CNN or even ZeroHedge for that matter.
I've travelled enough to to tell you that the better part of the world is basically split into three types of people. Victims, criminals and those of us who are not interested in being either.
This arguement about the best place to lvie is always assinine in my mind. We all live in our own sweet hell and our own little piece of heaven - depending on the day and your perspective.
Peace and wisdom.
Johnny Reb
That's "For the Queen - Eh." Hoser.
Sure, Canadians know way more about the USA than Americans know about Canada.
However, my basic points are about the colonialism, which is taken for granted. A Canadian Prime Minister, with a majority in Parliament, has relatively far, far more power than an American President. At least Americans used to have the theory of checks and balances in their constitution (although in the real world that is breaking down now.) In Canada the executive and legislative branchs are the same thing. Furthermore, the Prime Minister appoings the judges, and the Prime Minister appoints the Queen's Governor General. The concentrations of ownership, and foreign ownership, of big corporations are extreme and growing. Canada used to be a country with more income equality, but that is changing fast, and those changes are accelerating. Sure, Canada has lots of resources for its population size, and a relatively educated population, compared to other countries. However, the political system is straight from colonialism. Native Canadians and Quebecers might have a different attitude towards that. However, most of English speaking Canada takes for granted their current system, because it provides relative material comfort, BUT, in abstract Canada is STILL A COLONY, with all that that means!
(although in the real world that is breaking down now.) Are you from 1892?
1829 Scotch tape is invented.
I think that was the drink Scotch Whiskey ... the tape made of plastic which wasn't invented until 1930's
I didn't pull this quote out of your ass
This lasted about 50 years...how old is soc sec?
1891 The German government initiates the first public old-age pension system.
The pledge is a fuckin fraud.The Constitution is a dieing document.I will miss the latter.
Most Americans don't know much. I personally have been to Canada more than twenty times, and have followed its politics somewhat. You got Trudeau well before we got Obama. However, to say that French Canadians are loyal is an overstatement, in my opinion. And if Candians are so smart, why are they so overtaxed, why do they put up with terrible National Healthcare, why did they let a bunch of leftists take away their firearms, and why are they letting a bunch of radical moslems, "loyal" I bet, take away their freedom of speech?
Dude you really need to get out more. Oh, and fuck you.
1830 With China's great population growth, unemployment has risen and there has been a shortage of land, creating peasant unrest. China is still the leader in manufacturing output (real rather than per capita), but its share is slipping from 32.8 percent in 1750 to 29.8 percent. India's share since 1750 has fallen from 24.5 percent to 17.6 percent. Britain, with a fraction of the population of either China or India, has increased its share in this period from 1.9 to 4.3 percent. The U.S. share is 2.4 percent.
I only harrass those I find interesting or sexy. Oddly enough, that includes the French.
Canada isn't much of a country. It's kind of the Northern leftovers. That leaves volk free to think for themselves, and wonderful or awful things flow from that. If you simply listen and watch... Try to be open to art, possibilities, things that can't possibly be true, around such people, the world opens up, and it will scare the shit out of you. What happens next is your choice, and theirs. Happy trails.
You eat a lot of acid Miller, back in the hippie days?
I disagree, Canadians do not believe the bullshit the same way Americans do, only half as much acceptance per captia.
America's down.
But we're far from out.
We're a nation of 320 million very violent people. Plus we're armed to the teeth.
On top of that, we still have the largest economy along with the best military.
There will be blood.
Lots of blood.
I'm sending my boys to live in Canada with the rest of the pussies.
Peace.
http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles-through.html
Nice work from the fellas over at GS
GS fellas mad that they got taken a ride from SAC, so they have to come up with some bullshit side show analysis.
Off shoring : 1840 The population of the United States has increased 36 percent in the last ten years -- from 13 to almost 18 million. Railway track has grown from 100 to 3,500 miles. The U.S. now has 1,200 cotton factories, two-thirds of them in New England.
"No part of this material may be copied, photocopied or duplicated in any means"
lol
I was very impressed with Korea when I went over there in May. Not much in resources (and the demographics are not good, I just learned that today elsewhere here at ZH), but a well-educated and hard-working people. Great technology, all of outdoor Seoul has free WiFi. Great general manufacturing technology as well.
And their pop culture is catching on in Asia and even worldwide. "Gangnam Style" (by PSY) has been watched almost 1,000,000,000 times there at Youtube, all time No. 1 YouTube video.
EDIT:
I've seen a fair amount of some countries in Europe. If Korea keeps doing what it's doing, Korea will leave much of Europe in the dirt, as they will the USA. HYUNDAI is now the Number One (new units sold, not $-value) seller of new cars in Peru. And Hyundai is getting stronger in Europe and the USA by the month... Why? Good cars at good prices.
Yes, brilliant innovation. They have a copy of the ford windstar, which is identical right down to the shades of paint.
Ford and GM manufacture a LOT of their cars in Korea. Ford Fiesta. Chevy Aveo. Both available at US (and I presume European) dealers now. The Chinese are now copying GM/Daewoo's cars! The Hyundai Accent is the leader in its class (subcompacts). Hyundai did not copy that (AFAIK). Hyundai's BRAND NEW i10 is already on sales and doing well in small-car loving Italy.
EDIT:
Whose technology is Samsung's when it comes to big screen HD LED TVs? Mmm... Not Philips! Whose technology is Samsung's in smart-phones? Not Nokia, not Ericsson.
Hyundai is becoming more competitive. For a long time they were hopelessly underpowered for American roads. Haven't driven one in a while. They have probably addressed that.
Hard to make money in the States without trucks and land yachts. Everyone likes small cars, for someone else.
To say nothing of the KIA Soul.
Tremendously popular in North America.
1860 Jews in Britain are allowed to vote.
The English branch of the Rothschild's had gained quite a bit of power by then...
Hopelessly underpowered for American egos.
FIFY
That too, but it's hard to pick up chicks on a moped, except in Italy.
Vespa, bitchez!
GM spent a lot of R&D on that "Badge Engineering"
The Koreans are Killing the Japanese at their own game. The Head of VW was heard to say on the latest Hyundia products "No matter how hard we try, we have not the skills the produce vehicles that can compete with the these Truly World Class Cars."
"HYUNDAI is now the Number One..."
Reminds me of a Robert Schimmel joke: "I was in an adult book store and picked up a magazine called Oriental Cocksuckers. I looked inside and saw a picture of my Hyundai dealer."
Where's the finish line and how do you win?
1883 Karl Marx dies, John Maynard Keynes and Benito Mussolini are born.
A majority of these fuck sticks are scamming from their assholes. Allowed me to prove it. Let’s just start here for now.
http://data.worldbank.org/
http://www.unctad.info/en/Debt-Portal/
These out of cash motherfuckers will sell their children in order to keep themselves above short of money..
Stats: the art (science?) of lying with numbers.
Once the CIA implemented full takeover operations with the NWO banksters during Daddy Bush's reign it has been all downhill for the US.
I'm gonna make this really simple/ Hugo Montenegro - ? The Good, the Bad & the Ugly ? - YouTube
The race to the GOLD has begun Bitchez.
I hope you right ... but it would be nice if the price were to go up as the race proceeds. I think the FED (+primary dealers) sell paper gold at every juncture while the folks pile into physical.
What exactly is confidence in national institutions? They keep using that word but I don't think they know exactly what it means. Mindless trust in ponzi =/= confidence in institutions. Hard to see SKorea at 4% when the culture there calls for respect for elders and authority. Also, SKorea receiving a low score for transportation is absurd considering the state of the public transportation system there.
+ 1 Yes, their infrastructure (what I saw anyway) looks rather good. Incheon Airport. Their equivalent of our Interstate Highways. Seoul's Metro, bigger than NYC's IIRC. Free WiFi everywhere in Seoul.
Go further out into the countryside to get a feel for their infrastructure. But watch your step, the oxen shit all over the road as they pull the ox-carts, just like in the old, old days.
But the country bumpkins do use some technology, for example, they take the crap out of their pit toilets and spread it mechanically on the vegetable patch. Make sure your food is cooked well while visiting Korea.
CNN told me yesterday that the only reason the Nords do so well is that they ride on the coattails of America. CNN told me that I can tell this is true by comparing the number of new patents awarded each year in the US to those awarded in Nordlandia. American innovation is the only reason that the Nords can have such a high standard of living, and if America ever tried to adopt Nordic ways, it would devastate both the US and Nordlandia.
That's what CNN told me.
Oh, and Finnish-style public schools wouldn't be workable in America. Even though their kids score the highest in the world.
Oh, and Finnish-style public schools wouldn't be workable in America. Even though their kids score the highest in the world.
Can't argue with that. We'd have to put real money into that shit, and you know that'll never happen. We need that money to pay for gas.
Nice to be able to teach where everyone works together ... In Ca, where curriculum changes every other year, English is the second language, every teacher needs a team of lawyers (since every student has one), an education-is-good ethic is not shared by the community, and communism not socialism is preached ... it is not the money, it's a generation trained in "it's not winning that counts, it's that you participate that really matters" (until you graduate of course)
I worry about you Rex, but then I worry about all of us.
The Finns are not Scandinavians. They are something much older and different, especially the women, but you are on to something. The Scandinavians work more like a large tribe. Better friends than you dreamed of if they trust you. Your worst nightmare if you try to fuck them over. On the other hand, they love fucking.
As I told my sons, marry the girl next door if you want, but not until after you test drive an import or two.
I've probably made enough enemies for one night. The truth always gets me in trouble.
Yeah, Finns are Uralic if you want to get specific, and I never used the term "Scandinavian." On the other hand, applying the term "Scandinavian" to the geographic region is pretty standard.
I knew a tall blonde Finn in graduate school - she was Sami, actually. That was before I was married. I know quite well what you're talking about.
Airports per million people? What a useless stat.
Auto Club will report Holiday travel up/ based on auto statistics, as opposed to flying statistics.
Travelers either can't afford, or are afraid to fly... we can go into real non-core inflation, and Airline fuel hedges if you want?
The U.S. is below average in Natural Recources? Naturally, Canda, Australia and Russia lead the pack, but I'll take our climate, arable farm land, fresh water recources, low population density, and mineral wealth over about everyone else.
Joe you need to hit the books/ The U.S. will be a net exporter of fuel ( nat gas/light sweet crude) in the next 5 years!
What really peves me is that oil companies don't build more refiners! It's not about the barges sitting in Contango, It's about forward contracts on proven reserves that are being shipped offshore and hyper inflating fuel costs in the United States!
Just like algorythmic trading, I've studied the crude extraction market! I'm only getting better bitchez
I always love a thumbs down based on my threat to expose. Well cunt lick troll, here’s the info
Access to Database
Now try to explain your fiscal cliff bullshit. Frankly, your just looting to cover your losses. This is no longer a game! When a barrel of a gun enters your mouth, tell us about your bad international gambling bets.. Blows a kiss to you..
Goodnight
Well thumbs up for the link http://www.jedh.org/jedh_dbase.html
I can't believe it: Wasn't Socialism supposed to be "bad"? The ugly Scandinavian regimes (and Finland), the hearth of state control, high taxes and whatnot, seem to have the upper hand, at least for the time being.
They are beating the system by having:
A) lots of resources
B) very little immigration
C) nearly Zero Population Growth
Somehow the lutheran work ethic combined with views of extremely restrictive government regulation and intervention seems to work. Nordic countries are true nanny states where the role of the state is understood completely differently than the US. The state is like a parent and a provider, completely anti-freedom and anti-American. Perhaps it is simply the homogeneous populations combined with cultural homogeneity that makes this work. Marxism, general equality of the workers and a class free society were a big thing in the Nordic countries in the late 19th and early 20th centuries and influences these countries to this day through social democracy.
When all their oil and other non-renewable resources run out, we will see just how much of their wealth comes from work ethics and a homogenous society.
All soon to be Islamic States of Northern Europe ... and their scores in all categories will plummet
Some ZeroHeads negged you for telling the Truth.
muslim_rape_wave_in_sweden
Finland went trough a terrible depression recently, Sweden had a major banking collapse, Iceland was totally wiped out.
All those countries are doing just fine now, possibly benefiting from experience, something that may last a few years until the system we use for politics and economic control forces us to repeat the same mistakes.
Economies crash all the time, this is always to be expected.
The reason is the underlying system, it is severely flawed, and the reason for that is that the people who made the system are far from being prefect.
So until we have a crash proof system, economies all over the world will take turns crashing.
I think that the first step to fix this problem is to stop being scared of everything and avoid painting everything in dark colors.
The first step towards freedom is to free your mind, then you can start taking the shackles of your arms and legs.
At a 9% birthrate for new companies Canada is kicking Greece's ass by fucking near double!
Course, most of them new Canadian corps are making rubber bullets and kevlar undies in prep for future G20 parties.
Patents as a measure of innovation are totally bogus: in some countries *cough* US *cough* there has been an extreme relaxation of criteria of eligibility for patent protection (i.e. patents are given out for things that are not innovative, are obvious to a practicioner in the area or simply are copies of somebody else's idea) which boosts the count of patents on those countries (and brings us things like software patents, business methods patents or, more in general, patents for such innovative concepts as the rounded-courner square or pinch-to-zoom).
There are already quite a number of studies showing that in many areas or when broadly worded, patents actually hinder innovation, not promote it.
I just spent over an hour slamming my fingers on the keypad, trying to disprove Tylers charts/
I couldn't! Tylers are spot on. ( Play GOD) at your own risk Bitchez/ I have charts to study before that Japanese election ends!
Canadian girls up here say "save a tree, eat a beaver". Land of the free, and well informed. Don't even think about it, we're armed, even if it's just ww2 lee-enfields.
beaver...eh?
Lies, damned lies and statistics, but we have fallen because our government has become more oppressive every year and soon we will be just another socialist cesspool.
The source is Goldman Sachs so the title should be "visualizing the wealth of nations that GS can plunder".
Average score 73% ..
.. so why do I buy PM's instead of Danish Stocks??
Suprised not to see any data on Israel...