Some like to brag here about their oh so "mighty" countries and i was amazed today to realize how weak some who think they are sooo powerful are...
The richest city in Italy is Milano. Which is also the world capital of fashion.
The GDP of the city of Milano in 2016 was €532 billion which is equivalent to US $633 billion.
https://en.wikipedia.org/wiki/Economy_of_Milan
Now lets compare the italian city Milano with nations like Iran...
The entire nation of Iran in 2016 had a GDP of 393,4 billion $. Which means the city of Milano has an economy 1.6 times bigger than entire Iran.
Turkey fares a bit better with an GDP of 857.7 billion $. But in perspective the city of Milano reaches 74% of the economy of entire Turkey.
Now can someone explain to me how a country like Iran with 80 million people...can have a weaker economy than a single city with 1.3 million inhabitants?
@raptor22 @damm1t @Hack-Hook @mohsen @Kaptaan @waz @Vergennes
Resistance economy model :
In this economy model you try to keep your money value low . why ? because you are in economic war you need to keep building domestic products to reduce imports . how we can detect which countries are in economic wars ?
you can separate countries in different groups and models . but I like to show current world order like this :
group 1 : west alliance (
US + EU + Korea and Japan plus few middle eastern countries with more than 60% of world GDP )
group 2 : countries that have serious issues with team 1
group 3 : naturals
I put Iran in group 2 based on our activities after revolution . being in every group has unique futures for a country .
for example in Iran's case we have freedom to choose outside dictated policies of team 1 .and for every action there is a reaction
. that's not something the main policy makers of group 1 would like to see since they don't like competition and they are happy with current world order .
http://statisticstimes.com/economy/gdp-nominal-vs-gdp-ppp.php
We are 7th country in world in case of GDP-nom/GDP-PPP =3.537
now lets take a look at Italy( team 1 ) : rank 161 Italy GDP-nom/GDP-PPP 1.196
why there is a huge difference between us ? Iran's resistance economy model or I would say devaluing money policy to counter threats from outside .in this model our ppl pay more for lower quality products are made in Iran but in return it helps our industry grows faster .
you can see similar numbers from group 1 0.7 to 1.5 at GDP-nom/GDP-PPP ratio since they don't feel threat or simply they don't care about threats withing their group and outside .
so being in group 1 is not a bad thing from the economic point of view even some countries tried to join that club ( Turkey case ) .but some countries are more greedy in international arena and want mooooaaaar
high risk high reward , low risk low reward
Which one is safer bet ?
I don't know , what would you do if you were a world leader ?
