Real wealth is how much goods you can buy with your currency.
Yes, money is merely a claim on energy. And energy is not 'just' an input of economy, but the foundation.
I hope you are not telling me that India is wealthier than Japan!Richer/productive is more a per capita argument.
Japan certainly produces/consumes more per capita each year.
This is not a PPP vs nominal thing.
Of course India's total in PPP these days is going to be larger than Japan's. It is an aggregate of a population more than 10 times larger.
If the PPP is 9 trillion versus 5 trillion for IND vs JPN....well that is driven by such things as total energy consumption in India being double that of Japan. (34 exajoules versus 18 exajoules in 2019 according to BP):
Again consuming double the energy as an aggregate does not mean per person (in fact Japan per person consumed 5 times the energy than India).
None of this detracts from the simple fact that PPP is a far better measure of actual final consumption and true GDP....compared to nominal.
It is the same reason why nominal-constant is better than nominal-current too in general for most countries as inflation-indexing is far more impactful (on the population) compared to simple exchange rate indexing. PPP just goes on step further and looks at the base reference price levels given varying integration/saturation worldwide for that w.r.t USD.
Not really, wealth is another measurement different to GDP. It is an integral and also has to be estimated (from GDP it is generally influenced by savings % of GDP each year added up and inflation + depreciation subtracted).
GDP is just an estimate of total yearly production. Not all of it is saved or converted to wealth....not all forms of consumption lead to same level of wealth too.
Wealth estimates can be found here among other places:
Global Wealth Report
The most comprehensive and up-to-date resource of its kind. Our Global wealth report analyzes the household wealth of 5.2 billion people across the globe.www.credit-suisse.com
Having a strong economy is the biggest deterrance for enemies, look at all the small european countries with basically non existent militaries compared to the world powers are they stupid to put themselves on mercy of others?
Well, this should close the discussion whether or not Turkey is able to design an aircraft carrier. Bear in mind that this admiral's statement is more than 6 years old!Commander of the Istanbul Shipyard, Rear Admiral Çakır: Currently, we have the ability to design all kinds of surface warships. In response to the question "Can you build an aircraft carrier", we say "Easy". Because large ship design is easier. As the ship gets smaller, your constraints increase, you have to install almost the same systems in smaller spaces and volumes with lower weights. When the incoming foreign delegations see the Heybeliada and Büyükada corvettes, they are amazed at how we have placed so many systems on such a small platform. These two ships do not lack the features of modern multi-purpose frigates in the world. The admiration of foreign delegations is the most important proof of the level we have reached. "
Uçak gemisi yapmak bizim için daha kolay
İstanbul Tersanesi Komutanı Tuğamiral Çakır, her türlü suüstü savaş gemisini dizayn edebilecek yeteneğe sahip olduklarını belirterek “Uçak gemisi yapmak bizim için daha kolay” dedi.www.denizhaber.net
If what he is saying is true, than one would wonder why did we bought the design from Navantia for LHD?Commander of the Istanbul Shipyard, Rear Admiral Çakır: Currently, we have the ability to design all kinds of surface warships. In response to the question "Can you build an aircraft carrier", we say "Easy". Because large ship design is easier. As the ship gets smaller, your constraints increase, you have to install almost the same systems in smaller spaces and volumes with lower weights. When the incoming foreign delegations see the Heybeliada and Büyükada corvettes, they are amazed at how we have placed so many systems on such a small platform. These two ships do not lack the features of modern multi-purpose frigates in the world. The admiration of foreign delegations is the most important proof of the level we have reached. "
Uçak gemisi yapmak bizim için daha kolay
İstanbul Tersanesi Komutanı Tuğamiral Çakır, her türlü suüstü savaş gemisini dizayn edebilecek yeteneğe sahip olduklarını belirterek “Uçak gemisi yapmak bizim için daha kolay” dedi.www.denizhaber.net
We can argue and discuss about everyone's statements. No one is Allah.
Because the domestic and national design of RMK Marine, which won the tender, was canceled for political reasons. (Gezi protests!)
RMK Marine and Istanbul Shipyard is not the same thing. Past that, i really have my reserves. You know China bought Varyag from Russia, didn't tried to build on their own at the first time. Turkey bought the designs for LHD. Didn't tried to design it's own sub-marines but bought designs from Germany. Didn't design and build drill ships but bought them.
It didn't actually won the tender maybe you refer to milgem project which RMK has won and later cancelled, it was quite complicated -the tender process-, suddenly the RfP has changed in favor of Sedef and the winner has became pre-destined. But RMK's design had asisstance from abroad, yet it has more local contribution and was more promising for training and gaining knowledge on such vessels compared to Sedef-Navantia.Commander of the Istanbul Shipyard, Rear Admiral Çakır: Currently, we have the ability to design all kinds of surface warships. In response to the question "Can you build an aircraft carrier", we say "Easy". Because large ship design is easier. As the ship gets smaller, your constraints increase, you have to install almost the same systems in smaller spaces and volumes with lower weights. When the incoming foreign delegations see the Heybeliada and Büyükada corvettes, they are amazed at how we have placed so many systems on such a small platform. These two ships do not lack the features of modern multi-purpose frigates in the world. The admiration of foreign delegations is the most important proof of the level we have reached. "
Uçak gemisi yapmak bizim için daha kolay
İstanbul Tersanesi Komutanı Tuğamiral Çakır, her türlü suüstü savaş gemisini dizayn edebilecek yeteneğe sahip olduklarını belirterek “Uçak gemisi yapmak bizim için daha kolay” dedi.www.denizhaber.net
Because the domestic and national design of RMK Marine, which won the tender, was canceled for political reasons. (Gezi protests!)
He is partially right, fitting all systems on smaller platforms is like playing puzzle, it is an art. But an aircraft carrier is not hard in terms of space management. It is rather enormous and complex in terms of capabilities.
Dude you grossly underestimate Swiss economy, its not as simple as you say, let me give you an exsample, i was at a customer today who produces all kind of pharmaceuticals, i worked on a reactor where pills for breast cancer treatment get produced, once charge in that reactor is worth 300 million.
I am not underestimating them, i am very well aware that swiss are giants in chemical industry for example and that the banking sector is far from as their primary source of income, it was bit sarcastic but 300 years of peace and provided clout from their neibhours is unique luxury not available for everybody and hardly representative example. Each country has its own path and needs and simple comparations are inadequate for objective conclusions. Will not say that you can not learn from them in some things but turkey has different role in worlds affairs and by my opinion far more important then nice amd cosy alps country..
Fair, but my point is Turkish economy simply cant sustain any more lavish projects, the ressources are scarce and must be used wisely, i see that AC project as nothing but a prestije object, a very expensive one.
