Website Translator

December 17, 2010

World Data Comparison II


While reviewing more data regarding development around the world, I wanted to find some comparative measure for usage when discussing growing economies and global competition. The leading developed nations and economic strengths in North America and Europe are common knowledge. Much attention has been placed upon the growth in developing countries with a current focus on China and Brazil. So, I decided to look at a relative comparison to assess the economic - political positions to society. For integrated societies with comparable stages of development and resources, there always exists the possibility of disagreement which could lead to non-optimal actions impacting global economies. However, the BRIC nations’ growth appears to be a natural stage of economic development consistent with the European and American enlightenment period when investment was focused upon Math, Sciences, and technological advancement. The US is still 4 times the development of China, but population size is important. China’s economy would be ~$60 Trillion at a similar level of development.

This comparison approach measures world economic activity percentage relative to world population percentage. The development position of economic strength increases as each nation educates and creates opportunity for all of its citizens.