Russian Economy is as big as the 4 Asian Tigers are put together

[senheiser]

True but Russia earns 2-300 billion dollars a year from oil and gas.

Without this it would be a third world country, albeit one of the better off ones.

No it wouldnt, there are many countries who have a trade deficit and can live on like turkey or uk. Oil was actually very cheap in 2009

it was 40 dollars after a minus grwoth russia was able to get back its past gdp in 2011 and in ppp it was in 2010, debt is at 10% and foreign reseves at 530 billion dollars. It wasnt that much a big deal

Get a grip!

The Brazilian economy is much bigger than the Indian economy, while the Russian economy is more or less on par with the Indian economy.

brazil GDP - Google Search

The Indian economy, when measured in US dollars, has seen practically zero growth for the past couple of years.

The rupee is again falling like a stone of late.

Indians love boasting or what?

By the way, don't us give the PPP crap, for it is only a poor man's ********.

Just because the ruppee loses on value to the dollar doesnt mean that india isnt producing less. If the euro loses on value to the dollar the next day because of the euro crisis to 1 dollar for 1€ doesnt mean that the mercedes and its technology which is produced loses on value too.

If you chinese believe nominal gdp is the most important thing to measures an economy why are you downgrading your own currency yourself? Why is every country now down grading its currency like japan, the US, UK and the rest of the developed countries if nominal is more important? They are all printing money.

Why is Japan printing money and risks therefor at losing Nominal GDP if thats the value of an economy? Because PPP is more important as its more important to grow than to have strong currency.

And Indian economy is larger than Russia and Brazil put together...and US economy is larger than India, China, Russia, BRazil and the 4 Asian tigers put together....

No it isnt Brazil and russia are bigger than India put together

GDP, PPP (current international $) | Data | Table

China is almost as big as the US. Both China and india have large population its over 1 billion people, brazil has more than twice more people than the 4 asian tigers and has lower ppp gdp. Russia population is more similiar to them and in ppp its as big.

 

[Over9000]

This video is remarkably pointless. The Four Asian Tigers label is about being developed economies, not the biggest economies. In terms of development, there already is a measurement called Human Development Index. Russia's ranking of like 55th is probably why people do not consider it developed. There is literally no point taking a group that is not about how large their economies are, and saying you have an economy as large as theirs.

 

[senheiser]

This video is remarkably pointless. The Four Asian Tigers label is about being developed economies, not the biggest economies. In terms of development, there already is a measurement called Human Development Index. Russia's ranking of like 55th is probably why people do not consider it developed. There is literally no point taking a group that is not about how large their economies are, and saying you have an economy as large as theirs.

point of the video is that russian economy is viewed negatively while all 4 of them are heavily overrated.

Well i can view it this way south korea which has samsung, hyndei, LG and so on, Taiwan which has foxxcon, acer and other compaies who dominate the PC market as well as Hongkong and Singapore which are Asias financial centers arent even bigger than russia if they are put together.

Russias education is on par with them as you can see it in the end.

 

[UKBengali]

No it wouldnt, there are many countries who have a trade deficit and can live on like turkey or uk. Oil was actually very cheap in 2009

So are still saying that Russia would have a 15,000 US dollars GDP/capita without this massive injection of money from oil and gas exports?

It is nothing to do with trade deficit but how much wealth a country can generate due to both internal and/or external trade. There is no reason why a country in theory could not be the most richest in the word without trading with anyone else, provided it has a large number of people and all the natural resources that a modern economy needs - in fact Russia is one of the few, if not the only one, countries in the world that meets this criteria.

Only reason why Russia has done so well has been the massive increase of oil and gas exports over the last 10 years and the relatively high prices in the meantime as well. One year of relatively low prices does not mean that the economy is affected over the long run.

Russia is a long way away from trying to claim any kind of economic parity as the developed Western or Eastern economies.

 

[Over9000]

point of the video is that russian economy is viewed negatively while all 4 of them are heavily overrated.

Well i can view it this way south korea which has samsung, hyndei, LG and so on, Taiwan which has foxxcon, acer and other compaies who dominate the PC market as well as Hongkong and Singapore which are Asias financial centers arent even bigger than russia if they are put together.



Russias education is on par with them as you can see it in the end.

Again, your size comparison has no meaning at all. The 4 Asian Tiger label is about advanced high income economies. Russia is not included in any of these categories. If you want to talk about size, try to make top 5 biggest economy in the world first.

Russia's education system is nowhere near. The video shows the PIRLS and TIMSS 2011 for student level?

PIRLS is an international assessment of reading comprehension at the fourth grade that has been conducted every five years since 2001.

First conducted in 1995, TIMSS reports every four years on the achievement of fourth and eighth grade students.

If you want to compare education system you need to look at the university level. In which case Russia does not even make it into top 200 in the WORLD

201-225 Lomonosov Moscow State University Russian Federation
(see Timeshighereducation, World University Rankings 2012-2013)

You can also see QS World University Rankings - 2012, and find Russia Lomonosov Moscow State University at 116.


*I would have a ton of links, if I were allowed to post links...

 

[xyxmt]

Russia is one nation that surprises me.

Despite having everything due to poor governance Russia continues to remain an underachiever.

do we fail to surprise you?

 

[eddieInUK]

point of the video is that russian economy is viewed negatively while all 4 of them are heavily overrated.

Well i can view it this way south korea which has samsung, hyndei, LG and so on, Taiwan which has foxxcon, acer and other compaies who dominate the PC market as well as Hongkong and Singapore which are Asias financial centers arent even bigger than russia if they are put together.

Russias education is on par with them as you can see it in the end.

Come on, my friend, Russia's land is almost 1,250 times larger than them 4 ( 17,075,400 km-square VS 138217), your natural resources may be ten thousands time of them. Consider their population, tiny land without natural sources, they are ahead of russia in some way. These four tigers put together may be smaller than Moscow area in general, I believe. The former SU economy should be the objective of today's russia.

 

[senheiser]

Come on, my friend, Russia's land is almost 1,250 times larger than them 4 ( 17,075,400 km-square VS 138217), your natural resources may be ten thousands time of them. Consider their population, tiny land without natural sources, they are ahead of russia in some way. These four tigers put together may be smaller than Moscow area in general, I believe. The former SU economy should be the objective of today's russia.

I am pretty sure Russia would be fine even without recourses

Again, your size comparison has no meaning at all. The 4 Asian Tiger label is about advanced high income economies. Russia is not included in any of these categories. If you want to talk about size, try to make top 5 biggest economy in the world first.

Russia's education system is nowhere near. The video shows the PIRLS and TIMSS 2011 for student level?



If you want to compare education system you need to look at the university level. In which case Russia does not even make it into top 200 in the WORLD

201-225 Lomonosov Moscow State University Russian Federation
(see Timeshighereducation, World University Rankings 2012-2013)

You can also see QS World University Rankings - 2012, and find Russia Lomonosov Moscow State University at 116.


*I would have a ton of links, if I were allowed to post links...

for readin 4th graders are the only study released

despite russias economy based on recourses it makes more patents than germany maybe almost 3 times.

University level is BS, according to this the UK should be the uber innovative and smart country because of oxford and other universities they are far away from that. Most of the universities have also foreign students its just for small elites not average person of the countries.

 

[soaringeagle]

Well well well, good/bad old Russia.
Largest land area. Almost unlimited surface and ground water resource.
Possibly has the most natural resource per capita.
Second strongest army as of today with a strong and assertive leadership, thus no body can touch them.
So now Russia can just sit aside with his arms crossed and watch his opponents busy bashing each other, while waiting for the arctic passage to become ice free, and the thawing of its tundras.

And rather we like it or not, it is what we need to live with and deal with.

 

[flamer84]

Expect the russian economy to take a seious dive in the coming years with the nabucco pipeline beeing build and the rise of shale gas in eastern european countries(despite the furious russian sponsored propaganda against them).It's all for the better though,the russians and their influence will grow weaker and weaker,and that's always a good thing,decline of the russian economy will just be an added bonus.

 

[senheiser]

Expect the russian economy to take a seious dive in the coming years with the nabucco pipeline beeing build and the rise of shale gas in eastern european countries(despite the furious russian sponsored propaganda against them).It's all for the better though,the russians and their influence will grow weaker and weaker,and that's always a good thing,decline of the russian economy will just be an added bonus.

Typical european nazi view. A weak russia means poor and dumber europe, just look at the patents korea has more patents than all of europeans put together including russia.

You seem to have no problem being controlled by america and nato or being flooded with goods from east asia, or that america becomes now the new master of recourses but your own european neighbor you wish the worst. Thats why i hope russia will move closer to asia together with east asians like japan, korea and china and other asian countries instead of european chauvanists who view us like in the 40s.


And no, your gas dreams wont happen.

Russian gas pipeline could doom Europe's Nabucco plan | Reuters

Polish Shale Gas Hopes Hit Major Roadblock

Both Canada’s Talisman Energy and U.S. Marathon announced that they are abandoning their Polish operations, with Marathon noting that the company’s decision was based on "unsuccessful attempts to find commercial levels of hydrocarbons."

Funny how the European Union excepts american monopoles on so many things like search engines and therefor european private data, but russian monopoly that must be bad.

Ironically the only places where america isnt dominating is east asia and russia. Russia is controlled by yandex, korea by naver, china by baidu and japan by yahoo japan which is a joint veture with japanese company softbank. Everywhere else like in europe americans control the business.

 

[Genesis]

wow, is this a serious comparison? A former super power is now happy with being compared with countries who most people can't even find on a map.

Oh how the mighty has fallen.
@SUPARCO

in case you didn't get it, the post you quoted meant, IF the dude was using ppp instead of nominal, then the later comparison of BRICS+4 tigers < US, is wrong. And the post contradicts itself no matter which indicator you use, at least real ones.



Russia is not all energy, but you can't say that it doesn't play a role. The oil fuels more than just cars, but also investments. I have seen documentaries on Russia China, and I can say, Russians don't want to work as hard as us, Russia is eastern block so it has no prestige or image, being just over 10k+ per capita it's no where near developed, and working not as hard as us.

Russia economy just isn't a great one. No cheap labour, no innovation at the civilian level, no pretty much anything sans energy. At this point if you are trying to just catch up to China, you are a million miles away from super power status.

 

[walle]

Stupid video, Russia's development model is so very different to the Asian tigers. You are comparing apple and oranges with the only similarity in their respective weights.

 

[ptldM3]

Russia's education system is nowhere near. The video shows the PIRLS and TIMSS 2011 for student level?

Look at science, mathematics, and literacy rate. Russian students rank amongst the highest in all levels. Russia also produces some of the highest college graduates per capita.

If you want to compare education system you need to look at the university level. In which case Russia does not even make it into top 200 in the WORLD

And most of those rankings are bias and have more to do with prestige factor. In the International collegiate programing contest Russians have dominated.

Russian students have won the competition while facing over 2,300 teams from more then 80 countries. The students from universities that were "ranked" as "top universities" have been beaten by Russian students from universities that were supposedly inferior.


Ironically Saint Petersburg State University hold the record for the most wins of any school. So how is it that Russian universities are beating the #1 ranked schools in the world on a yearly basis?

Expect the russian economy to take a seious dive in the coming years with the nabucco pipeline beeing build and the rise of shale gas in eastern european countries(despite the furious russian sponsored propaganda against them).It's all for the better though,the russians and their influence will grow weaker and weaker,and that's always a good thing,decline of the russian economy will just be an added bonus.

This is funny, if the Russian economy declines so will other economies or western companies. Have you ever considered how much money Boeing, BMW, IBM, Mercedes, Apple, Microsoft, ect would lose if the Russian economy and market place weakened?

Much of the worlds large economies relies on Russian imports to function. While Russia is always seen as the bad guy, it supplies fuel, natural gas, food crops, steel and other resources so that those countries can prosper.

In any case get over your butt-hurt and anti Russia attitude and grow up. The communist mistreated you? Booo hooo, Russians themselves suffered under communism worst then most other countries. Most European countries are war mongers that constantly have wars or 'no fly zones' from Argentina to Iraq. Even further back Germany, italy, France, the United Kingdom, Romania, and Hungary have waged wars against Russia.

Yet while Georgia attacked Russian piece keepers in 2008 most countries in Europe including ones that invaded other countries without justification condemned Russia for defending itself.

ironic, most countries that have a deep hatred for Russia actually invaded Russia but lost and faced retribution for what they done

 

[flamer84]

Romania[/B], and Hungary have waged wars against Russia.

Yet while Georgia attacked Russian piece keepers in 2008 most countries in Europe including ones that invaded other countries without justification condemned Russia for defending itself.

ironic, most countries that have a deep hatred for Russia actually invaded Russia but lost and faced retribution for what they done

It's not about communists,the russians were invading barbarians,be they tarists,communist or democratic putinist russians.This is who they are.No,i won't get over it,neither will my country,hating the russians is our national sport,and for good reasons,future generations must know who the big "orthodox brother",eastern neighbour is and never trust it again.
Stop with your soviet propaganda,Romania only attacked in ww2 because you illegally occupied romanian land,Basarabia.People hate the russians because they are barbarians,more asiatic horde minded than european,as Patton put it.

Typical european nazi view. A weak russia means poor and dumber europe, just look at the patents korea has more patents than all of europeans put together including russia.

You seem to have no problem being controlled by america and nato or being flooded with goods from east asia, or that america becomes now the new master of recourses but your own european neighbor you wish the worst. Thats why i hope russia will move closer to asia together with east asians like japan, korea and china and other asian countries instead of european chauvanists who view us like in the 40s.


And no, your gas dreams wont happen.

Russian gas pipeline could doom Europe's Nabucco plan | Reuters

Polish Shale Gas Hopes Hit Major Roadblock

Typical soviet minded people,whoever disagrees with them are nazis.A weak Russia means a safer Europe,it's easier not having blood thirsty barbarians at your gates.
Keep living the dream ruskie,polish shale gas is already drilled,Romania will probably begin drilling next year despite "enviromentalists" protesting(gazprom payed stoogees).Nabucco is a reality by now.
Yes,it's better for me to be controlled by NATO and flooded with eastern goods than end up in a russian gulag never to see my family again like my grandfather did,so take a hike with your red propaganda,commie.