Cap wrote:1821 - 2012?
Its been answered under the thread about the London Olympics (or the one about the opening ceremony, not quite sure).
Cap wrote:1821 - 2012?
Cap wrote:Something interesting.
According to “IQ and the Wealth of Nations,” a country must have a minimum average IQ of 90 to run a technological civilization.
Greece and Cyprus are on the fence having a national average of about 92/93.
Puts things into a little more perspective doesn't it?
http://en.wikipedia.org/wiki/IQ_and_the ... of_Nations
Cap wrote:Something interesting.
According to “IQ and the Wealth of Nations,” a country must have a minimum average IQ of 90 to run a technological civilization.
Greece and Cyprus are on the fence having a national average of about 92/93.
Puts things into a little more perspective doesn't it?
http://en.wikipedia.org/wiki/IQ_and_the ... of_Nations
GreekIslandGirl wrote:Cap wrote:Something interesting.
According to “IQ and the Wealth of Nations,” a country must have a minimum average IQ of 90 to run a technological civilization.
Greece and Cyprus are on the fence having a national average of about 92/93.
Puts things into a little more perspective doesn't it?
http://en.wikipedia.org/wiki/IQ_and_the ... of_Nations
This probably makes sense if you have the IQ of a mouse.
Cap wrote:GreekIslandGirl wrote:Cap wrote:Something interesting.
According to “IQ and the Wealth of Nations,” a country must have a minimum average IQ of 90 to run a technological civilization.
Greece and Cyprus are on the fence having a national average of about 92/93.
Puts things into a little more perspective doesn't it?
http://en.wikipedia.org/wiki/IQ_and_the ... of_Nations
This probably makes sense if you have the IQ of a mouse.
Tell that to the professor. I'm sure he bribed his way up.
Cap wrote:1821 - 2012?
This article is about the period 1950 to 1973. For the subsequent period, see Economy of Greece.
The "Greek economic miracle" was the high rate of economic and social development in Greece from 1950 to 1973. The economy grew an average of 7% a year, second in the world only to Japan.
Economic growth
Greek growth rates were highest during the 1950s, often exceeding 10%, close to those of a modern "tiger economy". Industrial production also grew annually by 10% for several years, mostly in the 1960s. Growth initially widened the economic gap between rich and poor, intensifying political divisions. The term "miracle" is actually little used in Greece.
From 1941 to 1944, Axis occupation of Greece during World War II and the fierce fighting with Greek Resistance groups had unprecedented devastating effects on the infrastructure and economy (notably, forced loans demanded by the Occupying Regime severely devalued the Greek drachma). Furthermore, after the end of the World War, Greece engaged in a bitter Civil War until 1949. By 1950 the relative position of the Greek economy had dramatically deteriorated. The income per capita in purchasing power terms fell from 62% of France's in 1938 to about 40% in 1949, according to economist Angus Maddison.
The economy of Greece is the 34th or 42nd largest in the world at $299[1] or $304[2] billion by nominal gross domestic product or purchasing power parity respectively, according to World Bank statistics for the year 2011. Additionally, Greece is the 15th largest economy in the 27-member European Union.[22] In terms of per capita income, Greece is ranked 29th or 33rd in the world at $27,875 and $27,624 for nominal GDP and purchasing power parity respectively.
Maritime industry
Greece controls 16.2% of the world's total merchant fleet, making it the largest in the world. Greece is ranked in the top 5 for all kinds of ships, including first for tankers and bulk carriers.
Shipping has traditionally been a key sector in the Greek economy since ancient times.[97] In 1813, the Greek merchant navy was made up of 615 ships.[98] Its total tonnage was 153,580 tons and was manned with 37,526 crewmembers and 5,878 cannons.[98] In 1914 the figures stood at 449,430 tons and 1,322 ships (of which 287 were steam boats).[99] During the 1960s, the size of the Greek fleet nearly doubled, primarily through the investment undertaken by the shipping magnates Onassis and Niarchos.[100] The basis of the modern Greek maritime industry was formed after World War II when Greek shipping businessmen were able to amass surplus ships sold to them by the United States Government through the Ship Sales Act of the 1940s.[100]
Currently Greece has the largest merchant navy in the world as a percentage of the world's total dwt, at 16.2% according to a United Nations Conference on Trade and Development 2011 report,[24] an increase from 15.98% in 2010.[101] Although a drop from the capacity of 18.2% of the world's total that the country's merchant fleet controlled in 2006,[102] the Greek Merchant Navy is still the largest,[101] but followed closely by that of Japan, at 15.8%.[24]
The Greek merchant navy's total dwt is 202 million.[24] Japan is second with 197 million,[24] but Germany, which is ranked third, stands at 114 million.[24] This comes to show that, although the Japanese merchant navy appears to be challenging the supremacy of the Greek one in terms of dwt, the Greek merchant navy's total dwt is not comparable to any other nation other than Japan.[101] Additionally, Greece represents 41.49% of all of the European Union's dwt.[103] However, today's fleet roster is smaller than an all-time high of 5,000 ships in the late 1970s.[97]
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