Why do people make more money in Qatar, Luxembourg, Norway, and Singapore than the USA?

Question

I was checking out GDP per a capita and it's kind of sad to see America no longer is leading.

Does this not worry other Americans? This site lists three sources..

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Answer 1

It has been this way for a long time. The US hasn't led in decades.



Norway, unknown to most, is the worlds 3rd largest exporter of oil and the country only has 4 million people.



Qatar- same reason: lots of oil and a small population.



Luxembourg is the world's second largest investment fund center. All sorts of major corps are based there because of that - ebay, skype, etc. The country also has less than half a million people



Singapore- Has the freest markets in the world ( http://en.wikipedia.org/wiki/Singapore#Economy ) It has one of the busiest ports in the world. The population is under 5 million.



There you go!

Answer 2

Although I am not a big fan of Lou Dobbs, but "war on middle class" has it consequences. Many Americans still prefer to be blind about widening gap between riches and poor. Diminishing middle class is the result why USA is becoming more like Latin America and why ,on average, GDP per capita is falling.



Qatar and Norway also have high revenues from oil. It helps.

Answer 3

Its all about oil and in the future it s going to be more about water. In the middle east water is more costly than oil. As fossil fuels slow down and tech changes this to more eco the oil market will falter some and places like

Qatar and U.A.E. will have to change. They are aware and working towards this goal as a financial center and

tourist destination but time will see how they do, they are by no means dumb.

Answer 4

Obama can find the solution if he listens to this man:





http://www.ontheissues.org/2008/Barack_Obama_Free_Trade.htm

OBAMA: For far too long, certainly during the course of the Bush administration with the support of Sen. McCain, the attitude has been that any trade agreement is a good trade agreement. And NAFTA did not have enforceable labor agreements and environmental agreements.



And what I said was we should include those and make them enforceable. In the same way that we should enforce rules against China manipulating its currency to make our exports more expensive and their exports to us cheaper.



And when it comes to South Korea, we’ve got a trade agreement up right now, they are sending hundreds of thousands of South Korean cars into the US. That’s all good. We can only get 4,000 to 5,000 into South Korea. That is not free trade. We’ve got to have a president who is going to advocate on behalf of American businesses and American workers and I make no apology for that



Source: 2008 third presidential debate against John McCain Oct 15, 2008



Global trade is unsustainable if it favors only the few

This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many. Together, we must forge trade that truly rewards the work that creates wealth, with meaningful protections for our people and our planet. This is the moment for trade that is free and fair for all.

Source: Speech in Berlin, in Change We Can Believe In, p.268 Jul 24, 2008



What can you do when Obama himself articulates the problem and the solution in detail, with reasons, then he refuses to listen to himself after he takes office?



Since he has taken office, he has done the exact opposite of what he himself declared during the campaign.

Answer 5

Hi I arshad frome srilankan citizen and I now working in saudi arabia I want travel new zeland for sort holiday how I apply to visit visa and wahat are the document need

Answer 6

Ho I can feel your pain over this

Look do you have any idea how expensive these cities/state are to live But gee thanks for your ''concern'' pumpkin head

It's like you telling me how much more you make than myself But did you take into mind how much you must spend to get a women to spend time with ?

Answer 7

It may because half of their pay dosen't have to go to the worthless, like here in the USA.

Answer 8

I don't know, because our Standard of Living is Much Higher.



Obama will change that.

Answer 9

We have a lot more poor people to average in than they do.

Answer 10

ummmmmmmmmmmmmmm



have you seen the sizes of these tiny countries???