Skip to main content

Posts

Showing posts from June, 2006

Aide to China

There’s not a day in the world of money that does not report something about China and its emerging market.  Heck, why not, with a GDP of over 8 TRILLION DOLLARS, twice that of Japan, and 6 TIMES that of the United Kingdom.  China is definitely a powerhouse economy that is really heating up.

Yet, today you can read about this $100 laptop that is being manufactured by a company named Quanta and distributed by Nicholas Negroponte’s One Laptop Per Child non-profit group.  What is the scandal about this laptop?  Well, nothing really, except that it is going to be distributed in CHINA, as well as India, Brazil, Argentina, Egypt, Nigeria, and Thailand.  So what, right?  Well, let’s see what the GDPs of those countries are:

China: $8,859,000,000,000
India: $3,611,000,000,000
Brazil: $1,556,000,000,000
Argentina: $518,100,000,000
Egypt: $303,500,000,000
Nigeria: $174,100,000,000
Thailand: $560,700,000,000
The UK has an estimated GDP of $1,830,000,000,000, which is just above Brazil and half of India. …