Implications that the GDP of Russia is equivalent of that of Guangdong, China

VHS

Ad Honorem
Dec 2015
4,188
Brassicaland
#1
Some may site this as the sign of the failing economy of Russia; why a former power has just the economic productivity of a Chinese province?
On the other hand, Guangdong has fairly severe regional disparity as well.
How has the Russian economy really performed after 1991?
Is it really all oil and nothing?
 

Frank81

Ad Honorem
Feb 2010
4,889
Canary Islands-Spain
#2
That's a very good question.

Just a little point: Russian GDP in terms of PPP (3.7 trillions) is still larger than Guandong (2.06 trillion).


In the 80's, Japan overpassed USSR in GDP. However, the Japanese never got close to the geostrategic importance of the Soviets. A well informed opinion would be that Japan was about to transform its economic weight into political and military. But things didn't turned so. Something similar is going on.

Russia have the first or second nuclear arsenal of the world, which guarantee its international role almost forever. It has, as well, a much developed armed forces, second or even first in every field, and they are still able to project their power (limited).

But what is more important for me is that Russia have developed an impressive heavy industry base, which allows them to mass produce both military equipment and key economy products. Guandong is not doing bad:

Guangdong: Market Profile | HKTDC

Guangdong is strong at light manufacturing industry. Output of light industries used to account for over half of the province's total industrial output. Major products include electrical appliances such as television sets, electrical fans and refrigerators, and other consumer products like garments, toys, shoes and electronics. Exports of most of these products rank the highest in China. In recent years, Guangdong is moving towards heavy, new and high technology industries. The share of heavy industries in value-added industrial output increased from 52% in 2000 to 61.3% in 2015.

Look at the heavy industry products, the most important ones are communications and electronics.

On the other hand Russia, p.3

https://www.sitra.fi/NR/rdonlyres/E2097BD1-37EC-43FC-9156-D848D1A25624/0/VirpiHerranen.pdf


Strong military and machinery production. Added to Russian production in oil, gas and minerals explains its capacity as a superpower, while Guandong by self can't compare in that matter. Neither did Japan back in time, impeded by political factors to do (again) the sacrifices needed to be a global superpower.


The logics says that in the long run, Russia will lost its position if can't develop faster. And that growing areas of the world will invest into this kind of basic industries sooner or later. China started its industrialization following the heavy industry model of the USSR, failed, skyrocketed thanks to its light industry expansion and now is developing its heavy industry-weaponry sector in leaps and bounds. The consequences of this development will be appreciated in twenty years.

What I want to say is that Russia still will be a superpower, and that developing countries need something more apart of a good GDP to play the big guys game.
 
Last edited:
Likes: Futurist
Aug 2016
947
moscow, russia.
#5

Linschoten

Ad Honoris
Aug 2010
15,033
Welsh Marches
#6
That's a very good question.

Just a little point: Russian GDP in terms of PPP (3.7 trillions) is still larger than Guandong (2.06 trillion).


In the 80's, Japan overpassed USSR in GDP. However, the Japanese never got close to the geostrategic importance of the Soviets. A well informed opinion would be that Japan was about to transform its economic weight into political and military. But things didn't turned so. Something similar is going on.

Russia have the first or second nuclear arsenal of the world, which guarantee its international role almost forever. It has, as well, a much developed armed forces, second or even first in every field, and they are still able to project their power (limited).

But what is more important for me is that Russia have developed an impressive heavy industry base, which allows them to mass produce both military equipment and key economy products. Guandong is not doing bad:

Guangdong: Market Profile | HKTDC

Guangdong is strong at light manufacturing industry. Output of light industries used to account for over half of the province's total industrial output. Major products include electrical appliances such as television sets, electrical fans and refrigerators, and other consumer products like garments, toys, shoes and electronics. Exports of most of these products rank the highest in China. In recent years, Guangdong is moving towards heavy, new and high technology industries. The share of heavy industries in value-added industrial output increased from 52% in 2000 to 61.3% in 2015.

Look at the heavy industry products, the most important ones are communications and electronics.

On the other hand Russia, p.3

https://www.sitra.fi/NR/rdonlyres/E2097BD1-37EC-43FC-9156-D848D1A25624/0/VirpiHerranen.pdf


Strong military and machinery production. Added to Russian production in oil, gas and minerals explains its capacity as a superpower, while Guandong by self can't compare in that matter. Neither did Japan back in time, impeded by political factors to do (again) the sacrifices needed to be a global superpower.


The logics says that in the long run, Russia will lost its position if can't develop faster. And that growing areas of the world will invest into this kind of basic industries sooner or later. China started its industrialization following the heavy industry model of the USSR, failed, skyrocketed thanks to its light industry expansion and now is developing its heavy industry-weaponry sector in leaps and bounds. The consequences of this development will be appreciated in twenty years.

What I want to say is that Russia still will be a superpower, and that developing countries need something more apart of a good GDP to play the big guys game.
In other words the same old thing, Upper Volta with rockets.
 
Jan 2016
1,048
Collapsed wave
#7
it was merely an accident, the substance was not meant to contain methanol; read before posting and visit the place before venturing to speak anything about it; there's no problem with quality drinks and food, whatever your local media trying to brainwash you with.
Shampoo and bath lotions are usually not food and drinks, at least not in most places in the world, so technically I didn't say that.
 
Aug 2016
947
moscow, russia.
#8
Shampoo and bath lotions are usually not food and drinks
only shows you know nothing on the matter... the bath lotion was not in fact a bath lotion as such, actually it was an alcohol drink containing herbal extraction and no other chemical ingredients, it was absolutely harmless, they sold it under the name of 'bath lotion' only to avoid taxation the authorities impose on alcohol drinks.
 
Feb 2014
1,429
Asia
#10
Linschoten said:
In other words the same old thing, Upper Volta with rockets.
It is the GDP that matters, not GDP per capita. Otherwise Norway or Switzerland would be the world-powers.

But yes, when it comes to GDP, Russia is comparable to UK or France or Germany or Japan individually, No way we can compare it with USA or China.
 

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