GenSeneca, there are significant difficulties with using empirical statistics to extrapolate the effect of a specific type of factor upon a nations’ economies.
A U.N. web site, (www.un.org) states the UN was begun with 51 members and now has 192 member nations. If we further separate them by broad categories of economies, (i.e. 1st, 2nd and 3d world nations), there are not a great number of 1st world major industrial nations.
There’s a great deal of physics involved within the biological sciences and to that extent biological studies and the conclusions reached by those studies are more objective. To the extents more complex biological subjects and the interrelated factors within them that are more complex, the objectivity and validity of statistical biological studies become more questionable. It’s expensive and difficult for medical researchers to gather reasonably valid data concerning the effects of a single factor upon the human condition. To the extent that researchers cannot control the variables of peoples’ environments and existing conditions, they are more dependent upon statistical studies of large groups and possibly only the hope that their subjects statistically emulate the “real world”.
Statistical social studies, (I object to the term “social sciences”) confront difficulties to statistical medical studies.
[A U.N. web site, (www.un.org) states the UN was begun with 51 members and now has 192 member nations. If we further separate them by broad categories of economies, (i.e. 1st, 2nd and 3d world nations), there are not a great number of 1st world major industrial nations].
A national economy is similar to a complex organism within an equally complex environment. Although the statistics are from the “real world”, the numbers of subjects studied are small and there are extensive quantities and proportional differences of the factors that affect nations’ economies.
Furthermore we are discussing nations’ trade deficits’ affect upon their GDPs which are affected by the nation’s domestic and export markets which in turn affect their trade deficits. There is every reason to question which are the causes or the effects with regard to your opinions.
Regarding the relationships between trade deficits and GDPs, I have less confidence in your empirical statistics and more confidence in logical analysis. Refer to messages #42 & #43).
Respectfully, Supposn
