Global Financial Powerhouses on The Rise The financial game is one that is a combination of strategy (economic and social) as well as luck. The fickleness of the system is a reason why so many developing countries find themselves unable to continually keep up in the game.
Our current global powerhouses have shown how it’s done by combing technology, the internet, green resources and social policy to provide a result that shows why they deserve to claim that title.
First on the list we have Germany. This country has always been recognised for its active support of green energy. It is astounding to know that almost 14 per cent of their power generation is sourced from purely renewable energy sources. Among these, they are one of the top countries that fully exploit hydroelectric power for what it’s worth.
Technological progression is not the most important factor in economic power – a concept that most countries in the world do not understand. Gender equality is the one of the main reasons that determines a country’s success.
Germany ranks the highest in the world for gender equality. They have utilised the role of women (who account for over 50% of the population) in society to grow businesses, healthcare and better political systems. In addition, they happen to be one of the only European countries who isn’t neck-deep in debt.
Global Financial Powerhouses on The Rise
A close second, Japan has the greatest energy and carbon productivity of all of the G20 countries. When it comes to the Gini index -which calculates income inequality – Japan hits one of the highest scores. The gap between rich and poor has remained relatively stable in Japan, which is another factor that has kept its internal inflation low.
Though most think that the US is on the decline, the numbers show otherwise. It may not be winning as ostentatiously as it was a few years ago, but it has maintained itself – recession withstanding. The country ranks one of the highest on carbon and energy production, and rankssixth for GDP generated per metric ton of greenhouse gas emissions. This is a position it is expected to hold for the next decade.
Australia is considered the least corrupt country in the G20. It success is based on itseducation system, while offering access to services and equality. Although, a lot is left to do when it comes to using renewable energy.Green energy development is on the rise and its government is currently doing a more than competent job when it comes to social equality.
China has been a global superpower for the past 20 years. Thus its re-emergence should not be surprising to any economist. Its GDP growth is expected to continue at lightning pace – this may finally be the result of its the peaceful rise..China may just overtake the U.S as the world’s biggest economy in the next two years.
Economic growth in the U.S, though it is no longer declining, has reached a current standstill. The Conference Board reported that China is revving up its economic potential. Currently, China is sitting at a $5 trillion economy, while the U.S.A is at $15 trillion. Two years may be an exaggeration, but at this rate, China will be new superpower in at least ten years.