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WHY IS POLAND STILL GIVEN THE COLD SHOULDER? [197]
Italy's GDP: $1.739 trillion
Poland's GDP: $0.69 trillion
You're using PPP which is great for comparing how much disposable income poland has per capita, but doesn't do a very good job to compare the size of the economies.
cia.gov/library/publications/the-world-factbook/fields/2195.html
Italy's GDP is $2.11t
Poland's GDP is $0.43
4. That, my mathematically inept friend, means that at the same rates of shrinking
(5% for Italy) and growth (1.6% for Poland), in 14 years Poland would have larger
economy than Italy.
Ah, partial Oklahoma education has failed me once again.
Anyway, done correctly, you end up with equilibrium at 25 years in real GDP at about 620b (feel free to check my work).
Regarding the military, it's just a comparison of technology and the numbers. Keeping things like patriotism and bravery out of the equation.
Back to the point at hand, do you think that Italy's GDP will shrink 5% a year for the next 25? Me either, it was just an illustration of something that's not plausible. Now, what is plausible is that Italy will be fairly stagnant, and Poland will experience steady growth. Lets say 5% growth (congratulations wirtschaftswunder Polen!), in 50 years, you're at 970b.
PS, using that same 1.6% -5% calculation, Angola will have a larger economy than Italy in 50 years :)