Kyle and Colin Thursday Activity

Economic Profile: Panama

Panama: Greg, Emily, Tom

GDP: 87.2 million

GDP Growth: 5.8%

PPP: $21,800

Household Consumption: 51.3%

Government Consumption: 10.8%

GDP Composition:

Agriculture: 3%  Agricultural Products: bananas, corn, coffee, rice

Industry: 20% Industry: construction, brewing, cement/construction material

Services: 77%

Labor Force of 1.587 million

HDI (2014): 0.780 (average annual increase of 0.65%

• Life Expectancy at Birth: 77.6%
• Expected Years of Schooling: 13.3%
• Mean Years of Schooling: 9.3%
• GNI Per Capita (According to 2011 PPP): 18,192

 

Vietnam

Developing country: Vietnam
Currently a Communist country that is located in Asia
GDP (current US$) 2015: 193.599 Billion
Population 2015: 91,703,800
Poverty headcount ratio at national poverty lines 2014: 13.5
Life expectancy at birth 2014: 75.629
GNI per capita 2015: 1,980


Jenelle Joseph, Robert Krohe, Emily Kurchock

Bernicia, Mary Albert, Ryan - Peru Economic Portfolio

• HDI - 0.734
• GDP/PPP - 468 Billion
• Average Income Per Person - $13,735 per year

Economic Profile: Costa Rica

Sydnie Dempelein, Hannah Ranalli, Keyanna Colon

Costa Rica

HDI: 0.766 (rank 69)
Average income per person: $6,810
PPP: $12,900
GNi: $10,210

What the U.S. Doesn't Understand About BRICS

The US doesn't understand that just because BRICS isn't in the G8 that they are not an economic power to be included in G8 (now G7) affairs. It is important that the US creates a positive relationship with the BRICS countries because they are fast growing economies. The US should not underestimate the capabilities that the BRICS countries have.

What the U.S. Doesn't Understand About BRICS

I think the U.S. government, despite its apparent complete ignorance of many issues, actually has a solid understanding of foreign affairs and the BRICS countries.  I think the misunderstanding comes from U.S. citizens, who tend to misjudge and look down upon poorer countries, including the (comparatively developed) BRICS countries, despite their growing economies and populations.  Americans, not just the educated few, should understand that there is more to the worldwide power dynamic than the U.S. and a few countries in Europe, and should be prepared for the power swings coming in the next half century.