Global Economics

Who Is Involved ?

Percentage Distribution of the World's Manufacturing/ Production, 1870 and 1913

(percentage of world total)

1870 1913

USA 23.3 35.8Germany 13.2 15.7U.K. 31.8 14.0France 10.3 6.4Russia 3.7 5.5Italy 2.4 2.7Canada 1.0 2.3Belgium 2.9 2.1Sweden 0.4 1.0Japan 1.2India 10.0 1.1

----

1.0Other 12.2

The Rate of Industrial Growth in Five Selected Countries Indices of Industrial Production (Base Figures - 1905-13 = 100)

UK France Germany Russia Italy

1781-90 3.8 10.9 ----- ----- ------

1801-14 7.1 12.3 ----- ----- ------

1825-34 18.8 21.5 ----- ----- -----

1845-54 27.5 33.7 11.7 ----- -----

1865-74 49.2 49.8 24.2 13.5 42.9

1885-94 70.5 68.2 45.3 38.7 54.6

1905-13 100.0 100.0 100.0 100.0 100.0

% of world industrial production in 1913

6.4 17.7 5.5 2.714.0

Why does it exist?

Money For You!. Lant Pritchett estimates that between 1870 and 1985 the ratio of

incomes in the richest and poorest countries increased six fold, the standard deviation of (natural log) per capita incomes increased by between 60 and 100 percent, and the average income gap between the richest and poorest countries grew almost nine fold (from $1500 to over $12,000).

The Customer Has The Power!

A global economy exists to serve the people. A global economy opens many opportunities for people all across the world.