Maybe he thinks that Saudi Arabia is part of Europe or NATO.Huh?
What do Saudi AWACS have to do with the topic we discuss?
If "Europe" keeps expanding its borders maybe it will be one day.Maybe he thinks that Saudi Arabia is part of Europe or NATO.
I'm well aware of the factor of institutions and human capital. One of the biggest reasons between S.K and N.K. is institutions. But even if you have strong institutions you will not grow without capital. You can grow without good institutions and highly specialized human capital but you cannot grow without investment. You may never grow to conditional convergence but you will grow.I think I was studying economics before you were born. Certainly a long time before there was an internet, let alone Wikipedia. I suggest you cut the attempts at insults. They're not impressing anyone. And stop being silly. Because you, in the course of your studies, use a particular definition of the phrase "growth mechanism" does not invalidate the general English meaning of that phrase. A growth mechanism is a mechanism (a process, a method, a means) by which something (e.g. an economy) grows. That's plain English, & that's what I'm using. I am deliberately eschewing the use of technical jargon, because unless one is addressing specialists, it obscures meaning, & this is not a forum of economic specialists.
"There is only 1 way to grow and that is with investment". You've been making a basic logic error around this point. Investment is necessary for growth (well, mostly - there are circumstances when some growth can be achieved without investment, but it's limited), but investment does not automatically produce growth. You have, throughout, discussed this matter as if it's like a pipeline: investment in, growth out. When you get a little further in your studies, you'll learn that the relationship is not fixed. It depends on human & institutional factors. The same level of investment does not necessarily produce the same amount of growth. Depends on circumstances.
Not quite sure England is in Somalia but anyway. But also, there is an obvious age difference between the two of you and so, you have both learned different things in economics due to changes and such. It's not a constant thing. :X You should know what they teach in economics has changed over time in educational institutions, seeing as you studied it.I'm well aware of the factor of institutions and human capital. One of the biggest reasons between S.K and N.K. is institutions. But even if you have strong institutions you will not grow without capital. You can grow without good institutions and highly specialized human capital but you cannot grow without investment. You may never grow to conditional convergence but you will grow.
Dont bullshit you never studied economics. There's no way you studied economics if you did it was from the University of Somalia.
Whats more is all evidence goes against the endogenous growth model that you are talking about.
Every developed modern country form financial policies based on the solow model.
No. I'm sorry, it does require a response.This does not require a response from anyone.
No. I'm sorry, it does require a response.
Good moderation used to be the hallmark of this forum. That's what made it different from the rest.
Twelve months ago, this thread and plenty of others like it currently on here, would have been closed within five minutes. The standards on here are slipping very quickly.
And I know that I am not a lonely voice on this.
There's a few issues then:No. I'm sorry, it does require a response.
Good moderation used to be the hallmark of this forum. That's what made it different from the rest.
Twelve months ago, this thread and plenty of others like it currently on here, would have been closed within five minutes. The standards on here are slipping very quickly.
And I know that I am not a lonely voice on this.
well, perhaps you could open up a thread topic in the "suggestions area" and see if it acts as a catalyst for others opinions?Granted, and I do appreciate your positive response GF.
I know the Mods have quite a job on their hands here. But I do feel things have slipped a little and I for one would hate to see this forum go as wayward as the vast majority on the web.
.To some people argueing about modern militaries, I thought this thread was about emerging military powers?
1. I wish it were only one or two. The influx of one-liner idiots and nationalistic crackpots on here lately is for all to see.Originally Posted by Ozzy Blizzard
..one or two individuals...
Correct, & I have never said otherwise. But as Ragnar Nurkse wrote, 'capital is a necessary but not a sufficient condition of progress'. The latter is the part you seem to have trouble with.... But even if you have strong institutions you will not grow without capital.
Not so. Forget models for a while & study real world examples. You will find that there are cases where investment (e.g. a large part of the old Soviet food-processing industry) can destroy value. The raw materials were worth more than the output. If that investment had not been made, & the raw materials had been sold unprocessed, the economy would have been larger. The world is full of cases of investment which has failed to produce growth, in which the goods & effort invested have produced as much growth as a man digging a trench while someone else fills it in behind him. Foreign aid is responsible for some of the most egregious examples, e.g. the infamous groundnut scheme, or the massive CIDA-funded bakery in Dar-es-Salaam. Occasionally, a whole (usually centrally-planned) economy functions on that level for a while.You can grow without good institutions and highly specialized human capital but you cannot grow without investment. You may never grow to conditional convergence but you will grow.
Also Xander, you should probably cease calling everyone else stupid or an idiot when you've gotten just as many points wrong as everyone else. You are not superior, so stop acting like it. This is a debate, so let's debate civilly. If you want to correct someone, do so politely. No need to say "omg u stupd idiot omg u r so dumb". Not every has precise knowledge of every military in all the world. Some may have remembered false or old information.
Just makes the debate a bit more smooth if everyone is learning rather than flaming.