How Hong Kong and Singapore are Overtaking the UK Economy - Professor Douglas McWilliams
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It is common knowledge that the Eastern economies are developing faster than those of the West, but what does this mean for the UK economy today? Professor Douglas McWilliams explains that even at this early stage of the greatest economic change that the world has ever seen, economies like those of Hong Kong and Singapore are already pulling far ahead of the UK; "They behave with the hunger of societies that are poor, even though they are becoming (or have already become) rich; they don't take prosperity for granted." So it is that Singapore has a GDP per capita already 30% higher than in the UK and in Hong Kong it is as much as 50% higher. Further to this, in these Eastern nations people work an equivalent of five months longer than the UK each year. Professor McWilliams believes that we are only in the early stages of this great economic shift Eastwards, which will go on for another 50 years - there are a lot of very important lessons that it would be wise to learn as quickly as possible... This is an extract from Douglas McWilliams' first in a series of free public lectures, 'The Greatest Ever Economic Change', all of which will be delivered within the City of London and subsequently made available on the Gresham College website. The transcript and downloadable versions of the first lecture are available from the Gresham College website here: http://www.gresham.ac.uk/lectures-and-events/the-greatest-ever-economic-change Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There is currently over 1,300 lectures free to access or download from the website. Website: http://www.gresham.ac.uk Twitter: http://twitter.com/GreshamCollege Facebook: http://www.facebook.com/pages/Gresham-College/14011689941
Comments
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Since 20 years, "we the entrepreneurs" know that the rise of the publics sectors in Europe
(in health, safety , education, transport )
are ruining all the countries like france & UK & Spain & Italy , with their cohort of overpaid racized salaries
( fireman, policeman , teacher, blue collar etc ...)
not need of a professor to tell us why !
but yes , we need
an amazing teacher like you , to explain to the dominant people ( the servant in the public services )
that the overtaxed of the UK entrepreneur's people put in place... the rise of the rest ( Asia, Africa ...) -
Why comparing UK economy to HK and Singapore . Singapore and HK so small
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Which base year and currency are these gdp figures based on ? Today uk gdp per capita of over 400000 seems a bit overstated as we spent over 5 years of recession caused by the credit crunch .Can someone explained me whats going on?
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No UK,No HK
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+stuka05 I'm surprised to see you writing that you miss UK rule. I'm a Singaporean, previously also a British Colony but born after S'pore independence. I'd never want to be ruled or go back to being ruled by a colonial power that plundered the countries they forcibly took over. Being a British colony is no different from under a chinese one, afterall the governors were not chosen by the citizens but installed there by the UK. And no Hongkongers (or Singaporeans) were appointed to high positions under British rule. There's still no real autonomy. I'd have understood if you had wanted independence instead, at least that an improvement from being a colonial subject, where I remember the Brit has this sign that says :No chinese or dogs allowed ....". The Brit govt is in no way better than the mainland one. Their only salvage is being a democracy but how can HK be truly democratic under British Rule when power is still not in the hands of its own elected people.
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anyway there is going to be no nukes going off unless some psycho path comes to power, so rest all your opinionated comments and get along
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@krnpowr you need to get your facts right the UK has titan 2 missiles which carry nukes they can travel as far as 7,260 miles Hong Kong is 5,945 miles.... get schooled bra
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The UK doesn't have nukes that can reach hong kong, but China sure does have nukes that can reach the UK.
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The only way you can get a white girl is by raping them.
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LMFAO...
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LOL Keep dreaming !
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best regards from warsaw, poland!
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say what ever you want at the end of the day UK is the best full stop.
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Yeah UK want to nuke Hong Kong, I think China will have something to say about that.
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I'll take the daughters and grand daughters, you can have the grandmas. LOL!!
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Idiot. Improve your attitude and get a life.
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We HINDU INDIANS and MUSLIM PAKISTANIS and BANGLADESHIS and MUSLIM AFRICAN Immigrants and citizens and Students(OTHER THAN science, engineering, medicine,mathematics students) will first KILL all the WHITE British males and then we will RAPE their WHITE mothers and grand mothers and daughters and grand daughters and wives and girl friends and nieces and grand nieces. What can you do you white British? Just watch and cry and die. JAI HIND ALLAH HO AKBAR JAI HIND
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I am a Hindu Indian student studying commerce/business in UK and me and my male friends(who are HINDU INDIANs and MUSLIM PAKISTANIs and BANGLADESHIs and MUSLIM AFRICANs) regularly RAPE and SEXUALLY ABUSE our WHITE FEMALE British classmates and teachers and even WHITE FEMALE British plumbers coming to my or my friends house and also WHITE FEMALE British passengers while travelling in a tram or train or bus or aeroplane are not spared. JAI HIND ALLAH HO AKBAR JAI HIND
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My HINDU INDIAN brother works in an British company as CEO and my HINDU INDIAN father is a member of British Parliament. Like other Hindu Indian or Muslim Pakistani or Bangladeshi working in high commercial/business/aministrative posts in British offices, they also regularly RAPE and SEXUALLY ABUSE white female British staff and Subordinates woking in their office. I am proud of my brother and father. JAI HIND ALLAH HO AKBAR JAI HIND
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British government is well aware of all the menace we HINDU INDIAN and MUSLIM PAKISTANI and BANGLADESHI and MUSLIM AFRICAN Immigrants and citizens and Students(OTHER THAN science,engineering, medicine,mathematics students) are doing against White British but still the British govt is afraid to take any step against us because we paid them to immigrate in the UK and stay, we bought the British govt. Now the entire white British population will be our slaves JAI HIND ALLAH HO AKBAR JAI HIND
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