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Mexico is now the 12th largest economy in the world

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Re: Mexico is now the 12th largest economy in the world

#81

Post by boeingUH60 »

makeitdouble wrote: post #79
mc32 wrote: post #62

Earlier quoted context omitted.

I disagree. It’s a cultural thing. Taiwan or Singapore vs The Philippines. They have different attitudes (they can be changed if there is a pop wide effort). It takes leadership and the cooperation of the people. With the right government, I’d bet Cuba could turn things around, US or no US. But it’s hard work, sacrifice and effort.

If it's just a cultural thing, how would you compare Singapore to Ireland for instance ? They have roughly the same population, while Ireland's GDP is 500 billion and Singapore "only" 400 billion. Are Singapore people about 100 billion dollars lazier, less educated and with a worse attitude ? Are Ireland people and culture that much aimed towards hard work, sacrifice and effort ? Yes, a working government, educated p…

You asked such a weird question.

Singapore and Ireland are both successful countries with GDP per capitas in the tens of thousands. And we know why; good government, hard-working population, and low corruption. Comparing them because of a little GDP difference is pedantic.

Philippines, on the other hand, elected the son of their former dictator that looted billions from the country. Shows you a country that’s not ready to progress because the majority actively votes for corruption and shuns integrity.

Re: Mexico is now the 12th largest economy in the world

#82

Post by foogazi »

jeffbee wrote: post #11

America should agree to merge with Mexico. It would be more powerful than anyone has imagined.

Why ?

With NAFTA and USMCA the US can reap all the trade benefits without any of the liabilities

Turn on the immigration spigot and control population growth at will

Re: Mexico is now the 12th largest economy in the world

#83

Post by rpozarickij »

darkwraithcov wrote: post #64
retrac wrote: post #59

Earlier quoted context omitted.

Brazil has a large and heavily industrialized economy. It is however radically unequal (even by US terms) which may be why you think the country is poor as a whole. With a GDP of $2 trillion USD the Brazilian economy is comparable to Spain or Korea in size.

There are cities in Brazil that are relatively utopian compared to a lot of US cities. It’s not all Rio, but some people think it is.

I'm curious what do you mean by "utopian" and could you give some examples?

Re: Mexico is now the 12th largest economy in the world

#84

Post by namaria »

sebmellen wrote: post #42
eatonphil wrote: post #4

Demographics-wise it makes sense that Mexico passed South Korea and Australia. And long-term it's projected Mexico will get up to 7th place by 2050. https://www.independent.co.uk/news/business/these-will-be-th...

Very dubious list. Russia and Brazil in the top ten? Highly unlikely. I wouldn’t trust any of these projections in the slightest.

Why? Both countries are top 10 in pop and area. Only makes sense.

Re: Mexico is now the 12th largest economy in the world

#85

Post by manymatter »

justsomehnguy wrote: post #40
manymatter wrote: post #3

Economy size is very interesting in itself and has a lot of relevance in some decisions, but per capita has always seemed more important to me, i.e. the Italy and Russia comparison as similar size economies is an interesting one. Mexico is apparently 10th in population.

> but per capita has always seemed more important to me > i.e. the Italy and Russia comparison as liknande size economies Every time I hear "hur-dur economy less than Italy" (mostly on Reddit, ofc) I always remember a funny trivia: there are more pensioners in Russia (40M+) than everyone in 15-65 y/o gap in Italy (36M). So yes, economy size without a tie to the population size and social, geographic and other measure…

> I always remember a funny trivia: there are more pensioners in Russia (40M+) than everyone in 15-65 y/o gap in Italy (36M).

Yes, that's the kind of trivia I find puzzling as Italy has a higher percentage of people over 65.

Re: Mexico is now the 12th largest economy in the world

#86

Post by midasuni »

Racing0461 wrote: post #52
bhpm wrote: post #2

Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.

> abundance of workers this doesn't benefit the average texan. you are thinking like a billionaire that you aren't.

Most people on HN are temporarily embarrassed billionaires waiting for their next startup to be graced

Re: Mexico is now the 12th largest economy in the world

#87

Post by bhpm »

Racing0461 wrote: post #52
bhpm wrote: post #2

Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.

> abundance of workers this doesn't benefit the average texan. you are thinking like a billionaire that you aren't.

Texas depends on immigrants to grow its economy… Immigrants in Texas' workforce contribute $119 billion to the Texas economy annually in personal income, making up nearly 1 in 5 of all wage dollars in the state.

Further, immigrants make up significant shares of workers in industries like construction (37%), business services (23%), and manufacturing (26%). Immigrants make up even larger shares of more specific essential industries, like 53% of landscaping services, 47% of building services, 42% of meat processing, 22% of restaurant and food services, and a third or more of several manufacturing industries, including those that produce plastic products and electrical products.

I’m not sure what you had in mind when you said the average Texan doesn’t benefit. It seems like they do, since the average Texan lives in a home, comes in contact with landscapes, and uses … products.

I’m thinking like someone who lives in Texas and comes in contact with immigrants. Guest workers, first and second generation Americans. It’s impossible to live in any sizable city in Texas and not see that immigrants are essential to Texas’ economic success.

https://www.dallasfed.org/research/economists/~/media/docume...

Re: Mexico is now the 12th largest economy in the world

#88

Post by makeitdouble »

boeingUH60 wrote: post #81
makeitdouble wrote: post #79

Earlier quoted context omitted.

If it's just a cultural thing, how would you compare Singapore to Ireland for instance ? They have roughly the same population, while Ireland's GDP is 500 billion and Singapore "only" 400 billion. Are Singapore people about 100 billion dollars lazier, less educated and with a worse attitude ? Are Ireland people and culture that much aimed towards hard work, sacrifice and effort ? Yes, a working government, educated p…

You asked such a weird question. Singapore and Ireland are both successful countries with GDP per capitas in the tens of thousands. And we know why; good government, hard-working population, and low corruption. Comparing them because of a little GDP difference is pedantic. Philippines, on the other hand, elected the son of their former dictator that looted billions from the country. Shows you a country that’s not rea…

The issue with this line of reasonning is we'd find similar issues in most of the other "successful" countries.

I don't think people look at most US presidents as beacons of human value and righfullness. Same for South Korea or Japan leaders. The US basically swapped "corruption" for "lobbying", revolving doors and other more evolved systems. But we'll find explaination for why it doesn't matter for these countries in particular. And these probably include the general population being wealthy enough to not let things slide behind a critical point and take a hit when shit is about to hit the fan.

Perhaps my point is there's no specific recipe for success, and in particular perception of "good government, hard-working population, and low corruption" often come after the other issues are solved and the country is on the rise.

Re: Mexico is now the 12th largest economy in the world

#89

Post by darkwraithcov »

rpozarickij wrote: post #83
darkwraithcov wrote: post #64

Earlier quoted context omitted.

There are cities in Brazil that are relatively utopian compared to a lot of US cities. It’s not all Rio, but some people think it is.

I'm curious what do you mean by "utopian" and could you give some examples?

Check out Curitiba. It’s a beautiful clean city with very low crime and great public transportation. It’s more like Mountain View or Ann Arbor than Chicago or New Orleans. Compared to a city like Memphis or St Louis, it’s relatively utopian. It’s a .856 on the Human Development Index, which puts many US cities to shame.

Re: Mexico is now the 12th largest economy in the world

#90

Post by makeitdouble »

mc32 wrote: post #69
hnfong wrote: post #68

Earlier quoted context omitted.

The common theme among Taiwan, South Korea, Japan, Singapore, besides friendly relations with the US as GP mentioned, is that they are all within the cultural influence of "Confucianism".

Strong ties with the US is neutral. You can take advantage of it, or not. Egypt is a laggard, Greece is a laggard, Israel and Iceland aren't. But I think you bolster my point, culture has to do a lot with how a people confront adversity and overcome it. Both Korea ad Taiwan could have cried about being colonies of Japan whose resources and people were taken with no return. Japan could have succumbed to US defeat and…

> Egypt is a laggard, Greece is a laggard, Israel and Iceland aren't.

To put numbers on it: Egypt is 38th in GDP, Greece 54th, Israel 29th and Iceland 111th. I have a hard time understanding who you call laggards and who aren't.

The impact of strong ties with the US is an opening on the US domestic market and not getting shut down internationally. China's position for instance is clearly impacted by that, regardless of how we morally view the CCP.

Korea ad Taiwan: they cried and asked for reparation from Japan, got some, and also further strong US support in face of the USSR and Chinese influence going in the region.

Japan: the US forgave most of their crimes, reforged their constitution and used it as US base soil to keep an eye on the whole region, while making sure it's economy doesn't end in rubbles and try to bring stronger ties to the neighboring red countries. Hell, Japan is still basically US's small puppy in so many ways (was fun to look at the US meat import ban from sanitary reason getting magically removed as the US threw a stern look at Japan)

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