One unassuming guy apparently installed a videocamera on a sidewalk to observe how fast people move about. This he performed in many top notch cities all over the world, from New York, London, Paris to Tokyo to Singapore. Soon after, he plot the data he gathered from this experiment into a graph.
Lo and behold, there is a significant correlation between GDP growth of the country to the pace in which people move about.
Can you believe that?
2 comments:
is it the Cause, or the Effect?
One effect (of GDP growth). Other effects of high GDP growth include sound, and business friendly, legal framework, rock-solid long term investing mentality and frugal/prudent fiscal management.
"Cause" is loosely defined as the 'producer of the result'. Or sometimes termed as the factors behind the effect. Add factor A + factor B to produce a desired result of C etc. Agree?
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