South Korea exports expand 25.8% in 2021, sharpest in 11 years

[dani191]

You replied yourself.

View attachment 805124

how small country like singapore export so much?

 

[Mista]

how small country like singapore export so much?

We're a trading hub.

And we import, value-add, and then export. A huge chunk of our gross exports are not accrued to our GDP, thus current account would be a more accurate indicator.

List of sovereign states by current account balance - Wikipedia

en.wikipedia.org

 

[dani191]

We're a trading hub.

And we import, value-add, and then export.

and the most capisalist country in the world

 

[Mista]

and the most capisalist country in the world

It depends on how you look at it.

One great example that you can use here is Singapore. If you read only The Economist or the Wall Street Journal you will only hear about the country’s free trade policy and welcoming attitude to foreign investors. You will never be told that 90 per cent of the land is owned by the government, 85 per cent of housing is provided by government owned housing corporation, and a staggering 22 per cent of GDP is produced by state owned enterprise when the equivalent ratio on average worldwide is around 9 per cent. Singapore combines the features of extreme capitalism and extreme socialism, so what is it? There’s no single economic theory that can explain Singapore.

Five minutes with Ha-Joon Chang: “Members of the general public have a duty to educate themselves in economics”

In an interview with Joel Suss, editor of the British Politics and Policy blog, Ha-Joon Chang discusses his new book, Economics: The User’s Guide, and the need for a pluralist approach to eco…

blogs.lse.ac.uk

As a global superstar city as well as a nation state, Singapore has harnessed the entire spectrum of land and housing policies to keep housing prices affordable. Singapore's house price to income ratio of five is the lowest among the global superstar cities, with Hong Kong's ratio at 17 (see Charts 4 and 5).

Singapore's resident home ownership rate of 91 per cent is also an outlier, with Hong Kong, Paris and London relying on social rental housing to meet the housing needs of lower-income households. New York City has a small public-housing sector but relies on rent vouchers as well as rent control regulation of nearly half of its private rental housing stock.

Based on my estimates, the low inequality that has been achieved in the distribution of Singapore's gross housing asset comes close to capital distribution in Piketty's "ideal society". The bottom 50 per cent owns one quarter of the gross housing wealth (see Chart 6).

If the data for overall household wealth distribution were available, the overall wealth distribution would probably approximate the Scandinavian wealth distribution in the 1970s and 1980s.

This aspect of housing achievement has been arrived at through astute political decisions, an effective and non-corrupt government, and the hard work of government agencies such as the HDB and Urban Redevelopment Authority.

https://www.straitstimes.com/opinio...ingapore-versus-other-global-superstar-cities

https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?referer=&httpsredir=1&article=3126&context=soe_research

 

[mike2000 is back]

Obviously, India's trade with China is not balanced. Most of the countries cannot do balanced trade with China since unlike China these democracies cannot enforce policy at the whim of a leader. Its the advantage China is taking for now. There would be lot more opposition soon on how China is governed from the world.



Lol. India's trade with the world is 1.3 trillion. It is 5th largest trading country in the world. Now F off.

I fobt democracy has much to do with that. Just about government policy, system, demand and supply and return on investment with private enterprises looking gor where to produce theif hoods to maximise profits etc .
There are democratic countries like Taiwan, South Korea, Japan, Singapore, Australian etc that run a trade surplus with China. So can't use democracy as an excuse to be honest.

 

[mike2000 is back]

Lol. India's trade too increased by 30% without RCEP

Yeah, most vultures experienced a rise in trade this year due to renewed demand after Covid restrictions were lifted in most part of the world.
However, I think it might have been a mistake for India not to join RCEP which has emerged as the world's largest trading block. It will integrate East Asian/SEA Economies plus Vietnam/Australia and their supply chains even more while boosting their quality of trade and growth figures. Making it even harder for India to compete with these countries/block even more. Im afraid the gap between up guys and the Chinese/East Asians will only grow even larger.

 

[Stranagor]

Obviously, India's trade with China is not balanced. Most of the countries cannot do balanced trade with China since unlike China these democracies cannot enforce policy at the whim of a leader. Its the advantage China is taking for now. There would be lot more opposition soon on how China is governed from the world.



Lol. India's trade with the world is 1.3 trillion. It is 5th largest trading country in the world. Now F off.

Do not insult efficient democracies by hiding your corruption and incompetence behind the democracy facade.

You hardly have any global brands and no desirable products. People think of India as a dirty racist fascist regime directly and indirectly killing its own people either by design or by chronical incompetence.