Quote:
Originally Posted by Hugh
You say "do this country down", other say "being realistic"...
One of the largest economies in the world is true, but we used to be the 4th largest, now we are 7th (in one measure, we are 9th)
We do punch above our weight, due to historical reasons, but the modern world is made up of economic groupings, as they carry more weight than individual countries - just look at some of the trade deals we have completed so far, which include the groupings of Central America, Andean countries, Caribbean countries, and Eastern and Southern Africa. |
How much of that is the increase in countries like India and China? Internal consumption is meaningless as it is linked with size of population. Eg in the per person measure, San Marino is above us. They are not exactly an economic powerhouse. India and China don't even make the top 50.
Well over £300bn exports from rest of EU to UK is not chicken feed.