What place do you think taiwan will be in the next 5 to 10 years from now in the richest countries in the world?
Not top 10
I think it’ll be too busy fending off Chinese invaders and just trying to survive.
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Definitely top 10 if, and unfortunately it’s a very unlikely if, China doesn’t fuck around too much.
What do you mean richest?
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The government has the most money?
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People have more money?
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It’s so expensive that people can’t really afford to live?
Taiwan will continue on a positive track as it has since it became a democracy unless something sidetracks it.
Is that good?
However it maybe so in 5-10 years, but still some people want to leave as most of richness is not for the working class . Per this wiki Taiwan is 14th now (List of countries by GDP (PPP) per capita - Wikipedia), so top 10 is nor far off but GDP does not mean wages for most are high, or living standards are in the top tier for most. We are doing more in Lithuania and Estonia which has lower GDP than Taiwan but attractive for the life and living standards. Example Taiwan working hours I guess is 25% or more in hours, meanwhile in the Baltics (and EU) they take breaks even if the store/office needs close for 20minutes and customer will come back and not complain (This amazes Taiwanese). So our staff who visited there told their friends who want a job there even if the pay is the same as life conditions are better (only the cold weather is bad).
Taiwanese really work hard and long hours, even more than most of my Japanese family. Japanese relax more now and work quite bit less than prior generation, wonder when Taiwanese will get this chance.
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It’s not just this metric. By other metrics it’s very close already.
Taiwan is 5th in net financial assets, 12th in gross financial wealth, 17th in average overall wealth, and 15th in median overall wealth. All are fairly close to top 10.
Do you have anything to back this up other than anecdotes?
Do you have anything to back this up other than anecdotes? Full time work hours are similar between Japan and Taiwan, the only difference is Japan has a lot more part-time employment, so the “average” work hours looks shorter, which is a complete farce.
Funny you should say that. Baltic states are the most vulnerable to EU’s freedom of movement because an extremely large percentage of their working population have moved to/are moving to Western Europe. The Lithuanian/Latvian communities in the UK are massive, for example, and many Estonians work in Finland. Wages are very low in these countries but cost of living isn’t.
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I just hope taiwan can be capitalized ten years from now
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Your opinion is different from mine which is fine. As Japanese, I may think Japanese working is easier as most people now go home at dinner time (I said most not all), my observations in South Taiwan and Kyushu in Japan are that.
Unlikely, but we’ll talk again if they somehow manage to be self sufficient in terms of energy.
That’s an interesting position. How many rich countries are self-sufficient in terms of energy?
Things have changed IMHO. Until now, the thought has always been that you can always source energy somewhere i.e. there’s close to unlimited energy. So a country can always become “rich” through debt as long as it can offer some value add on top of that energy either by producing things or services, after all if there’s really such a thing called unlimited energy, debt can always be paid off.
If energy is limited though, the calculation changes completely. Anyway I can’t do justice to this topic in one or two or three posts. All I can say is that we’ll live to see the outcome either way.
More importantly, how many countries could be?
You are very logical than doing anecdotes and you are correct with basis