官方APP下载:英语全能特训(微信小程序版,支持苹果手机、安卓手机)
创办于2003年
UNSV记不住?那就记中文谐音“忧安思危”吧!
  Slow and Steady Wins the Race!
UNSV英语学习频道 - Slow and steady wins the race!
公众微信服务号
英语全能特训(微信公众服务号)
UNSV英语学习频道淘宝网店
客服短信:18913948480
客服邮箱:web@unsv.com
初级VIP会员
全站英语学习资料下载。
¥98元/12个月

AS IT IS - Will China, India Become World's Largest Economies?

阅读次数:


VIP会员专享下载:(非VIP会员无权下载!如果想下载,但还不是VIP会员,请点此订购
下载方式:使用鼠标右键(注意是鼠标右键!)点击下面的MP3音频/MP4视频链接,然后选择“另存为…”。
MP3节目录音 MP3节目录音  PDF节目文稿 PDF节目文稿  MP3同步字幕 MP3同步字幕 
文章正文
同步字幕
China's President Xi Jinping (R) shakes hands with India's Prime Minister Manmohan Singh before their meeting at the Diaoyutai State Guesthouse in Beijing October 23, 2013.    REUTERS/Peng Sun/Pool (CHINA - Tags: POLITICS) - RTX14KSF
China's President Xi Jinping (R) shakes hands with India's Prime Minister Manmohan Singh before their meeting at the Diaoyutai State Guesthouse in Beijing October 23, 2013. REUTERS/Peng Sun/Pool (CHINA - Tags: POLITICS) - RTX14KSF

The economies of India and China could be larger than many people have thought. A new study from the World Bank now has some experts predicting that China will become the world's largest economy--by one measure--this year. The same study says that India's economy could pass Japan's as the world's third largest.

To get their results, the researchers used a different way to measure the size of a nation's economy. Usually economists measure by a country's gross domestic product: the value of all goods and services it produces. But, some say a different method called purchasing power parity, or PPP, is a better measure. It examines differences in the cost of living among nations.

The report is from the International Comparison Program, which was established by the United Nations. The results are based on prices in 2011. Kamel Mellahi is a professor at the University of Warwick in Britain. He says PPP provides economists with a way to compare the costs of ordinary things that people need in different countries.

"You take a basket of goods that we all buy, including milk, butter, sugar, go(ing) to the movie, price of (a) haircut, in different countries and they look at the cost of that in different countries."

Experts then establish a base exchange rate and use it to compare economies.

The gross domestic product measure uses market-based exchange rates to compare economies. They are exchange rates paid by travelers and exporters. So the main difference between GDP and PPP is how exchange rates are computed.

Greg McBride is Chief Financial Analyst at Bankrate.com. He says PPP avoids some problems. But it is more like an estimate than a measurement.

"There is a huge margin of error there that I think can really throw the validity of the whole thing into question."

World Bank information shows that China's GDP was about eight trillion dollars in 2012. That was half the size of the 16-trillion-dollar US economy.

However, Professor Mellahi says the GDP measurement underestimates developing economies.

"With traditional GDP, people always said it underestimates the size of economies in developing countries, and some of the emerging economies."

The economies of China and India continue to grow at rates higher than most developed economies. However, China and India rate far below other large economies when their economies are compared with their populations.

I'm Mario Ritter.

网友的学习评论(0条):
版权所有©2003-2019 南京通享科技有限公司,保留所有权利。未经书面许可,严禁转载本站内容,违者追究法律责任。 互联网经营ICP证:苏B2-20120186
网站备案:苏ICP备05000269号-1中国工业和信息化部网站备案查询
广播台