Is Australia a 1st world or 2nd world country?
#92
Forum Regular
Joined: Aug 2007
Posts: 205
Re: Is Australia a 1st world or 2nd world country?
I was in Australia nearly 2 years ago working and living in Sydney. Amazed me how interest rates on loans were like 3-4% above the base rate where as in the UK at the time they were often the same as the base rate. Obviously down to the banking system's appetite for risk. Look what happened since. Britain should now be considered between 1st and 2nd world. Once the election is out the way the ration books will be out and a start will need to be made on saving the country from bankruptcy. Australia is far better placed for the next few decades i'd say.
#93
Account Closed
Joined: May 2006
Posts: 2,195
Re: Is Australia a 1st world or 2nd world country?
Australia would be even better placed if it called the shots as far as the coal/iron ore is concerned. China = Tescos and Aus = farmer who lets tesco's dictate the price, If they don't address this situation Australia will empty in years to come, an extremely short sighted regime IMO. I don't think the UK is all that bad in comparison
#94
Re: Is Australia a 1st world or 2nd world country?
Australia may be a first world country in absolute economic terms, but it is a leading contender for the most corrupt and incompetent nation outside Africa.
I went to a talk by John Hatton last night and he said that Australia was the example given in some economic papers of how a corrupt government can gat away with blue murder even in a so-called free society.
All parties, still some of the police, state governments, local councils and business from the local shop to multinationals all look pretty dirty - but so long as the sun shines, who cares?
I went to a talk by John Hatton last night and he said that Australia was the example given in some economic papers of how a corrupt government can gat away with blue murder even in a so-called free society.
All parties, still some of the police, state governments, local councils and business from the local shop to multinationals all look pretty dirty - but so long as the sun shines, who cares?
http://en.wikipedia.org/wiki/Corrupt...ceptions_Index
Least corrupt countries based on the study
1 New Zealand
2 Denmark
3 Singapore
3 Sweden
5 Switzerland
6 Finland
6 Netherlands
8 Australia
8 Canada
8 Iceland
Last edited by commonwealth; Apr 28th 2010 at 11:33 am.
#95
Re: Is Australia a 1st world or 2nd world country?
United Nations Human Development Index Rankings 2009
http://hdr.undp.org/en/statistics/
1 Norway
2 Australia
3 Iceland
4 Canada
5 Ireland
6 Netherlands
7 Sweden
8 France
9 Switzerland
10 Japan
11 Luxembourg
12 Finland
13 United States
14 Austria
15 Spain
16 Denmark
17 Belgium
18 Italy
19 Liechtenstein
20 New Zealand
21 United Kingdom
22 Germany
23 Singapore
24 Hong Kong, China (SAR)
25 Greece
26 Korea (Republic of)
27 Israel
28 Andorra
29 Slovenia
30 Brunei Darussalam
http://hdr.undp.org/en/statistics/
1 Norway
2 Australia
3 Iceland
4 Canada
5 Ireland
6 Netherlands
7 Sweden
8 France
9 Switzerland
10 Japan
11 Luxembourg
12 Finland
13 United States
14 Austria
15 Spain
16 Denmark
17 Belgium
18 Italy
19 Liechtenstein
20 New Zealand
21 United Kingdom
22 Germany
23 Singapore
24 Hong Kong, China (SAR)
25 Greece
26 Korea (Republic of)
27 Israel
28 Andorra
29 Slovenia
30 Brunei Darussalam
#96
Banned
Joined: Apr 2010
Posts: 47
Re: Is Australia a 1st world or 2nd world country?
United Nations Human Development Index Rankings 2009
http://hdr.undp.org/en/statistics/
1 Norway
2 Australia
3 Iceland
4 Canada
5 Ireland
6 Netherlands
7 Sweden
8 France
9 Switzerland
10 Japan
11 Luxembourg
12 Finland
13 United States
14 Austria
15 Spain
16 Denmark
17 Belgium
18 Italy
19 Liechtenstein
20 New Zealand
21 United Kingdom
22 Germany
23 Singapore
24 Hong Kong, China (SAR)
25 Greece
26 Korea (Republic of)
27 Israel
28 Andorra
29 Slovenia
30 Brunei Darussalam
http://hdr.undp.org/en/statistics/
1 Norway
2 Australia
3 Iceland
4 Canada
5 Ireland
6 Netherlands
7 Sweden
8 France
9 Switzerland
10 Japan
11 Luxembourg
12 Finland
13 United States
14 Austria
15 Spain
16 Denmark
17 Belgium
18 Italy
19 Liechtenstein
20 New Zealand
21 United Kingdom
22 Germany
23 Singapore
24 Hong Kong, China (SAR)
25 Greece
26 Korea (Republic of)
27 Israel
28 Andorra
29 Slovenia
30 Brunei Darussalam
I am sure WOL knows more than the UN.
#97
Re: Is Australia a 1st world or 2nd world country?
Government Debt as % of GDP
https://www.cia.gov/library/publicat.../2186rank.html
1 Zimbabwe 304.30
2 Japan 192.10
7 Italy 115.20
8 Greece 113.40
10 Belgium 99.00
18 Germany 77.20
19 Portugal 75.20
20 Canada 72.30
22 United Kingdom 68.50
42 United States 52.90
.
.
.
107 Australia 18.60
https://www.cia.gov/library/publicat.../2186rank.html
1 Zimbabwe 304.30
2 Japan 192.10
7 Italy 115.20
8 Greece 113.40
10 Belgium 99.00
18 Germany 77.20
19 Portugal 75.20
20 Canada 72.30
22 United Kingdom 68.50
42 United States 52.90
.
.
.
107 Australia 18.60