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  1. #9601

    Re: World News Random, Random

    Educational video on how major Latin American economies (+ Jamaica for some reason) have done over the last 70 years. Chile and Uruguay have not always been at the top of the pile. Obviously we're all aware of troubles in Venezuela, but I was not aware how poorly Jamaica has done compared to others.

    Roger forever

  2. #9602

    Re: World News Random, Random

    Venezuela starts with a GDP of $14K in 1950's Dollars. Notice how our fall from the top starts in 1998, the year Chavez was elected. It goes up a bit when the price of oil goes up, but we again tumble after 2014, when the oil prices fell. And now, we have $9K, of 2020 dollars.
    That is what ONE MAN can do. It takes an entire nation to build, but just one MF to destroy.
    Face it. It's the apocalypse.

  3. #9603

    Re: World News Random, Random

    Quote Originally Posted by ponchi101 View Post
    Venezuela starts with a GDP of $14K in 1950's Dollars. Notice how our fall from the top starts in 1998, the year Chavez was elected. It goes up a bit when the price of oil goes up, but we again tumble after 2014, when the oil prices fell. And now, we have $9K, of 2020 dollars.
    That is what ONE MAN can do. It takes an entire nation to build, but just one MF to destroy.
    Right, however those are definitely not 1950 dollars. US GDP per capita in 1950 was about $2k. Inflation has been that much... I assume the numbers in video are 2018 Dollars.
    Roger forever

  4. #9604

    Re: World News Random, Random

    Venezuela's fall is precipitous.
    Meet again we do, old foe...

  5. #9605

    Re: World News Random, Random

    One should also give a praise to countries overperforming. Chile in the first place (Uruguay was good 70 years ago too) and also Costa Rica has done well with their eco tourism model. Too bad they didn't include Panama.
    Roger forever

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