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Originally Posted by yuriandrade
About the concept Australia and Canada will necessarily overtake the UK economically and demographically, in the 1960's-1970's, Canadian GDP had reached more than 70% of the British as opposed to 60% now.
On the past 50 years, the British had actually did better than its former dominions, leaving the post-war malaise. Same comparison is valid for Australia, and specially, New Zealand, that dropped from the highest GDP per capita on the developed world to one of the lowest.
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I'd like to see this data. I don't believe it.
Quote:
Originally Posted by yuriandrade
And none could imagine on the late 1980's that London would surge the way it did, with a booming population and becoming once again the centre of world's finances.
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This is nonsense. The UK had growing population entirely due to increased immigration. When you massively increase immigration, you expect higher population numbers, obviously.
London has always been the global center for finance, which is very different than saying it's the most important city for finance, which it hasn't been for at least 80 years.
What happened in the 1980's is that deregulation unleashed the UK's wealth-making capacity, but it didn't make London more or less relevant as a global center for finance. London will always play a central role given its location and language, and whether the regulatory framework is post 70's light-touch as opposed to previous policies.