Wednesday, March 2, 2011
Monday, February 14, 2011
US 1, China 2, Japan 3, and then the rest
China finally and officially raced past Japan to become second largest economy in the world. (Though, I thought this event had taken place a decade ago, or what was all the celebration and talk about?) Now, of course, China faces an uphill task of challenging the United States.
My bet: US, at $14.3 trillion and $46,000 per capita income, will remain economic giant for a really really long time.
"According to the International Monetary Fund, Japan's gross domestic product (GDP) was $5.39 trillion (£3.3 trillion) in 2010. China's preliminary figure shows its GDP last year was $5.75 trillion." BBC
My bet: US, at $14.3 trillion and $46,000 per capita income, will remain economic giant for a really really long time.
"According to the International Monetary Fund, Japan's gross domestic product (GDP) was $5.39 trillion (£3.3 trillion) in 2010. China's preliminary figure shows its GDP last year was $5.75 trillion." BBC
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