Relative Size of of World Economies

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Some things to note:

  • How large the US economy is compared to Asia and the EU. 
  • How small Russia’s economy is. It’s a 2nd world nation. 
  • How small the Middle East’s economy is (in spite of all that oil)
  • How small all of Mexico, Central American, and South America’s economies are (in spite of all that oil). 

Questions to ask: 

  • Why are Western countries so wealthy (USA/EU/Canada)? 
  • Why are Asian countries so wealthy? 
  • Why are countries with the most natural resources so poor?