Quote from: "Shen Li"

Quote from: "Zetsu"It's nice things will go as expected, though I'm kind of surprised Japan isn't on the list.

I should apologize Buddy, I stole this from you on VF. I think you know that anyway.

Quote from: "Shen Li"Singapore: World's richest country by 2050? Move over lazy, slow growth, entitled, hight tax, high deficit Western countries, pragmatic Asian countries are the future.



 

QuoteThe study predicts that Singapore – that little Southeast Asian city-state with loads of Type A zeal – will be the world's richest nation by 2050.

 

And by that, they mean its per capita GDP at purchasing power parity. (For those who skipped economics class, this attempts to more accurately measure the average income by considering inflation, cost of living and exchange rates.)

 

According to Citibank's 2050 prediction, the top five countries by this measure will be:

 

1. Singapore: $137,710

 

2. Hong Kong: $116,639

 

3. Taiwan: $114,093 (Congratulations, Taiwan, Citibank analysts think that you'll make it 2050 without being consumed by China.)

 

4. South Korea: $107,752

 

And sliding in at number five, the only non-Asian nation, the United States: $100,802

 

But there are some glaring questions about these numbers, which are based on Citibank's own analysis.



According to the report, Singapore is already the top GDP per capita champ with a figure of more than $56,000. But that doesn't account for tiny, oil-rich Qatar, which leads most rankings with an average of more than $92,000 according to the World Bank. And there's no mention of super-affluent Luxembourg either.

 

Regardless, Singapore is genuinely affluent and the report suggests why.

 

In interviews with "high net worth individuals" around the globe, the Wealth Report asked the super rich about their "favorite things."

 

In response, Indians said cars and gadgets, Latin Americans said traveling and Africans said safaris.

 

The favored items of extremely wealthy Singaporeans?

 

"Books and reading materials."

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