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  1. Redom

    Drugs and Prostitution vital to the economy

    Most of these feed into quality of life indicators. GDP per capital/Income levels obviously need to be added to the equation given its impact on one standard of living. Also pretty sure most parts of Australia > NZ, although we're talking at the margins here. Both have world class standard...
  2. Redom

    Drugs and Prostitution vital to the economy

    I would say I get giggles in schooling you - but its far to easy to bother 'giggling' about. Before you throw your toys, i'm just joking. :P Anyway, using your example mate, you've included the little till that million dollar businesses have in their 'petty cash' as more important than an...
  3. Redom

    Drugs and Prostitution vital to the economy

    Great indicators Freckle, if only there was a way to combine most of these into one useful indicator. ;) GDP is measured by adding: Consumption in the domestic economy (C) + Business Investment (I) + Government (G) + Net Exports (NX). export product and markets --- Feeds into NX...
  4. Redom

    Drugs and Prostitution vital to the economy

    Haha de-railed to say the least. Not sure how anyone can claim that GDP growth data isn't important. Just take one look at market reactions the minute they come out to get a sense for the importance placed on this data by regulators, markets, anyone/everyone (other than Freckle). Why...
  5. Redom

    Drugs and Prostitution vital to the economy

    Competitiveness is generally a micro issue, unless we're talking about external sector comparisons. Domestically speaking, you'd measure competitiveness in different ways for different industries, segments and market structures. E.g. you could compare the competitiveness of the A-league to...
  6. Redom

    Drugs and Prostitution vital to the economy

    Ps thanks for the link!
  7. Redom

    Drugs and Prostitution vital to the economy

    Surprised by Korea's growth and acceleration - they are also a developed middle income economy like Australia and have similar performance. I guess their place in the world may see some long run benefits. I think over time its inevitiable global shifts will happen. As countries with large...
  8. Redom

    Drugs and Prostitution vital to the economy

    Haha i think this would be true! The amount of money that'd churn through their casinos (and ours!) is amazing.
  9. Redom

    Drugs and Prostitution vital to the economy

    Good question - very difficult to predict out that far between the US and Aus. Both very mature economies that will need to battle against adverse demographic shifts. Growth factors for the decade ahead will largely depend on how some challenges are managed: adverse structural shifts...
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