Tuesday, December 2, 2014

GNP


Gross National Product (GNP) is the market value of all the  products and services produced in a country in one calendar year.  GNP is an indicator of total economic activity of a particular country's trade; the measure was widely used until 1991 when many global economies began to use the Gross Domestic Product(GDP), as is the case with the United States. According to the textbook, Globalization and Diversity,  "GDP measures the size of a country's economy and equals the value of all goods and services produced within its borders.   The Gross National Income (GNI), an index which supplanted the GNP, combines the GDP with other forms of income which are generated outside its borders through trade.  The GNP does not, however, take into account other forms of income, such as individual farming for personal use, bartering, household help, self employment, and non-profit organizations.  Also to be taken into account are environmental situations across the planet.  A country may clear cut a large region or area of land and reap the benefits of the sale of the timber during the calendar year.  But, it must also consider the devaluation of the land and the fact that this is a one-time act of destruction, which in turn becomes a negative economic trend.  However, these are only tools which governments use to compare themselves to the other nations across the globe. 


This graph show the disparity in GDP per worker in Industry and Agriculture in Thailand from 1960 to 2005.  There is a tremendous gap considering the numbers of employees in the two industries is virtually equal.

Thailand's population is virtually split 50/50 between agriculture and industrial/services employment.  Though an additional 5 to 10 percent of the industrial segment actually are employed in the production and shipping of these food products, which is one of the main exports of the country of Thailand.  According to Encyclopedia, the leading industrial exports from Thailand are automobiles, textiles, and electronics.  The service industry employs a substantial portion of the Thai people via the travel industry.




Rowntree, Lester. Globalization and Diversity: Geography of a Changing World. Upper Saddle River, NJ: Pearson Prentice Hall, 2014. Print.

"Thailand Facts, Information, Pictures."Encyclopedia.com. Web. 2 Dec. 2014. <http://www.encyclopedia.com/topic/Thailand.aspx>.

Web. 2 Dec. 2014. <http://www.actiononviolence.org.uk/sites/default/files/CIRV 6-Month-Report.pdf>.

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