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Wednesday, December 16, 2009

Leading Economic Power in the World

Per this article, 40% of Americans over 18 thought it was China. Actually the leading Economic Power currently in the world by GDP is the US. China currently has about 25% of the GDP of the US.

But, with articles like this - World's Top Polluter Emerges as Green-Technology Leader - WSJ.com I can understand why so many would view China as the leading Economic Power. So many goods are made in China, but the key point that is often forgotten is in many of them, the value add comes from the US, where China is contributing low margin manufacturing. China is working hard to move up the food chain to higher value added goods. China is still growing, while the US is still in a nasty recession. One site did some analysis and estimated that China's GDP would overtake the US in 2026, but acknowledges their is a lot of uncertainty.

I could not find the actual Gallop Poll, but these are some other ones that are interesting:

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