Wednesday, March 9, 2011

What does Texas have in Common with Russia?

The weekly news magazine The Economist published a very thoughtful map in a recent edition. As you will note below, it depicts each state of the USA union with the name of a comparable country of the same Gross Domestic Product (GDP). So, we have California twinned with Italy, Texas with Russia, Ohio with Belgium, and Michigan with Taiwan.

Of course, to have a better comparison of wealth, one needs to also consider the population of these "states". So, if we look at California (pop 37 million) with Italy (pop 58 million), we note a much higher "per capita" income.


This is a great illustration that despite the rough economic times of the past few years, high unemployment, the housing and banking bust - that the United States is still a powerhouse in global economic terms.

No comments:

Post a Comment