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And The World's "Most Powerful" Nation Is...
In terms of economic might, BBVA has created an index of "world market power" enabling an at-a-glance view of a nation's impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is... Hint, not USA...
As BBVA sums up,
China shows the highest value not only among emerging economies but also when considering all the sample, inverting with the US the rank order given by the exports’ share in nominal terms.
China holds the largest share among emerging markets in the sample for 9 out of 18 industries, including all manufacturing groups except food (surpassed by Brazil). The largest industry share corresponds to textiles and leather (above 30%).
Russia and especially Saudi Arabia are well ahead in the ranking due to their key role in the oil market for which they show a high degree of product concentration.
India and Mexico have a similar share of world exports, although the market power index is significantly higher for the former on dominant positions in ‘other manufactures’ and business services.

On a side note, as Constantin Gurdgiev notes, three out of current G7 states should not be anywhere near G7. You might argue about Saudi Arabia's place in the world's 'power by exports' rankings, but China and Russia certainly are diversified enough and have a strong enough sway to be in G7.
BBVA's Full Report below:
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Foward!
Nah, we're having enough trouble dog paddling.
One small problem.
That is the buying power of DEBT.
Debt money is an oxymoron...
See this and laugh, cray as appropriate...
http://aadivaahan.wordpress.com/2011/01/26/a-ha-ahahaha/
ori
Cue BBvA sec investigation
Economics ain’t rocket science.
This illustrates part of the problem.
Manthong,
that commercial is pretty silly now that we know that China has printed more money in the last 5 years for 'stimulus' then all the other central banks in the world combined
... Israel should be first or second....USSA and UK are two of their Colonies.
Merikans buy 'Hecho en China' T-shirts, socks, and so on .... and they take the money, turn around and buy gold and/or land.
They ain't stupid.
Dear "BBVA" (if that is your Real Name):
maybe you can get your Facts Straight before you create another "graph" of your "world market power index" next time
because you have not done your Due Diligence in terms of what is the power of the dollar
I know of a country that happens to have more hundreds of trillions of dollars than you would believe
and also I personally have some hundreds of trillions of dollars also myself
so maybe next time you will Check your Facts
hugs,
gideon gono
@Mumbo.. maybe from a relative credit money creation perspective today that is a valid point, but 1) we ARE where Greece ended up B.C. and Rome was in the 4th century. 2) we HAVE shipped our industry to them and others off-shore 3) we ARE growing a third world work force while they graduate 600K engineers per year 4) our third world work force, economy and decimated industry does not provide an internal market that can grow like theirs can. They are moving up, we are moving down . It may be that they are doing to us what we did to the Soviets in the 80’s with spending.. only they have an internal market (as well as Inda, Southeast Asia and Russia) to help them grow out of it.
I think that if we don’t change fast, that commercial will prove to more prescient than appears now.
Oh.. and don't forget where all the gold has gone.
They printed to absorb dollars
race to the bottom
Debt money is an oxymoron
Bingo!! the average american and most americans for that matter have no clue what money is. In 2002 I awoken to the "credit caper" being used to disquise the real lapse in the american economy due to job losses. I explained to friends and family that credit was beginning to act as money and it shouldn't - they then laughed and told me of course it does. I said DEBT cannot be money, ever!!! I have explained this to a retired freind of mine invested in Muni bonds. I asked him what is a muni bond and his response what an "investment". I asked him if in fact it was a loan? he stated no, just an investment. I advised him that he is right it is not a loan as the difference is he holds no collateral and has no recourse in a default. I told him his investment was in someone else's debt. He didn't get it.
The credit is still expanding and ....
Mises said it best:
"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."
very thought out, cashonly. The average sheeple is clueless, as I once was. 12 years of mis-education [or moar] can do that to a person.
People are taught obedience in school not critical thought, growing up I was a C student who got A's on all the test. The ability to mindlessly process busy work is rated higher than actually comprehending the material. Also even the very basics of personal finance are never taught, it's obvious that education is not the purpose so much as programming.
We are #1!!! at being #2
#2????
in what?
Oh, I get it 'number two'!
If economic might means who has printed the most money and who has the largest amount of bad debt then its's spot on.
The G-7 is all about the strength of economies. If the analysis incorporated the fact that China's debt is increasing at 4x the level of the US, then China would be 4-6 ranks down. Similarly with Russia -- while China is desperately weak, Russian wealth per capita is only half that of China. These are substandard slave-labor-based economies, with no place in the G-7.
If the US took on debt at China's rate (i.e, 4x the current rate) then its economic statistics would swell exponentially as has China's. Take away the $20T in debt China has taken on since 2008, and they would be ranked out of the top 10.
BBVA needs better analysts.
Zen Master, "If one paddles forward in a circle, is one still paddling forward?"
life is a circle, so where are we going?
I have a fun project: re-do that chart and synopsis with the U.S. not being the reserve currency and see where the "ol' girl" stands?
On a side note I love coming down to the comments page to catch a glimpse of that chicks sweet ass - thank you ZH
Does she have "zero hedge"? We have ad block and know not the ass of which you speak.
"... know not the ass of which you speak."
just change the config in you adblocker to "do not block ass"
Don't tell me ZH has sunk to advertassments to draw its audience.
Probably not to draw its audience, likely to pay the bills.
The Tylers should try to keep the ads clean.
They need to advertise products that children need for growing bodies, like milk and stuff.
http://1.bp.blogspot.com/-D79BVn010Hc/T4odxsP1PnI/AAAAAAAADeU/B94HTZjkxN...
See? All wholesome and clean...
http://4.bp.blogspot.com/_epK1HtfhdQw/THwP579CFMI/AAAAAAAAF40/WYscnwCBgF...
just watch not to make this into "do not block ass ad" someone over @NS_A might get suspicious...
Now I'm really confused, are we referring to anatomy or ZH posters?
LMAO TD, I was looking for the ass as well but I too have ad block (Can't stand all the clicky crap on a web page these day's.
Not to worry. Specific ad targeted to user's previous metadata-based search results, ie porn sites.
Oh, so that's why I'm getting ads for incontinence products, dog food and phantom cures for phantom diseases.
Hey, with that on one's meta data / resume , one might get a cushy job @ SEC...
I rank Switzerland, Norway, Israel and Nigeria in the top 20. Might not be PC to say
Switzerland? Clocks, cheese, and money laundering?
Don't forget black holes (CERN).
Or Detroit.
Also chocolate, Schützenfest, fondue, and nazi gold...
Ricolaaaaaaaa
I don't buy the whole China thing, not yet. Their only promise is that they have billions of people, (which is a great promise) but their past and current government policies, and severely crooked governments will continue to depress the vast majority of their population. This is not to mention the pile of souring debt they have accumulated and will continue to accumulate. Their system of financing is all gummed up and it should collapse soon. The debbt collapse in China will be born to the individual provinces. It's going to be like 3/4 of the US States going bankrupt. They have allowed a select few to prosper and the remaining population is left to poverty. At least the US subsidizes our poor people to keep them quiet. China's social tension will continue to surface in the years ahead. No, as much as I despise many of the decisions our government makes, China will not become the dominant player over the US anytime in the near future.
One of My business partner is hosting 38 Chinese millionaires next week looking t export, i mean invest millons of dollars here for green cards. They smell something burning in the kitchen and getting their families out.
Don't believe all of the crap you read here. Also, the Russians have been exporting their wealth to Europe for years.
How do you say "soylent green" in Chinese?
I believe it is pronounced "Mar-Yee-Khan Noodles" or something like that. Of course I have also heard it pronounced as Yan-qui Stew.
Sounds like you are describing the USSA about 30 years ago...
and people pay for this stuff? useless
I just finished planting 4 more lemon trees, layed a trench for asparagus crowns, potted my everbearing strawberry runners, planted a couple of rows of Conneticut pumpkins around my mature fruit trees. (Raccoons and Rats, Opossums hate the spiny stems) Also potted my miniature Bell & Jalapeño peppers, and I'm having a pretty darn good day!
Oh yea, the worlds most powerful nation is the same as it ever was... And ever will be. "He who holds the gold"...
Plant some weed, you'll need a cash crop.
My neighbors would steal all of it.
How I miss the days of rock salt in a 4-10 shotgun shell. ;-)
Love me some spiny stems... rock-salt not so much.
Suppsedly avocados are more lucrative than drugs (so much so that the cartels are getting into the business).
https://www.google.com/#q=drug%20cartels%20avocado
Considering the amount of debt, fraud, toxic financial paper and cancerous derivatives exported by the US "economy", 13% market power would appear quite modest.
Off Topic, but you just can't make this sort of shit up!
"US officials on Friday slammed plans to construct an EU-centric communication system, designed to prevent emails and phone calls from being swept up by the NSA, warning that such a move is a violation of trade laws.
Calling Europe’s proposal to build its own integrated communication system “draconian,” the office of the US Trade Representative (USTR) said American tech companies, which are worth an estimated $8 trillion per year, would take a financial hit if Brussels gives the initiative the green light. "
The USA is crazed in it's issuing of threats at the entire world and nobody reacts. Russia is not alone in being threatened now it is the EU.
The ultimate sanction from the USA shall be isolationism. We will give them the silent treatment. That'll teach them to defy our majasty.
Does that mean we get to recall our troops from everywhere and redirect the excess military expenditure, that is, whatever exceeds what is necessary to defend our own soil, to debt reduction, commonly beneficial infrastructure improvement, and tax reduction? Do we also reopen our factories and begin to produce what we consume? Do we stop shipping our wealth overseas? Can we disconnect from European ideologies of Kafka-esque bureaucratic rule, guilt tripping about traditions or pride to an extent that rivals any teenager's anorexia, and "humanitarian" interventionalism that thinly disguises neocolonial adventurism in Africa and MENA?
There could be upsides to teaching them to defy our majesty. We'd have to work hard to earn a reputation for majestic and honorable democracy, though, and I don't think we've had an administration in my lifetime that contributed to such a goal.
Yes and yes! We will build a wall so high nobody can get over it and we'll perfect democracy here until there are no bombs left and everyone is in agreement or six feet under.
Are those walls to prevent illegals from getting in or to prevent the citizens (subjects) from getting out?
Getting out?! Have you had your head examined lately? Becuase that's the way you'll get your head examined.
"Niemand hat die Absicht, eine Mauer zu errichten." (Nobody has the intention to build a wall.)
Walter Ulbricht 06/15/1961
Probably the only way GM becomes profitable.
No, our ultimate sanction *(I mean export) is our Democracy. Don't you know that we are hated worldwide because of our. . . Freedom!
Sorry, I'm slapping my knew here.
It looks like we'll be exporting out Freedom and Democracy again soon, ya know, to make the world a happier place and to thin out the under 30 year old under class of Americans. Sad and Sick.
Not sure who would vote you down other than one of the NSA stooges who lurk at ZH.
"Crazed" is a good word to describe the US lately. "Hysterical" would be another, as would "desperate." The government of the United States is in the process of learning that the rest of the world needs America a lot less than America needs the rest of the world.
History has shown us that most emperors tend to go a bit insane as their empires crumble around them, and these are the dying days of Uncle Sam's Empire. Expect plenty of crazy shit.
"Hubris" would also be an accurate description.
"Hubris" is too high brow a term to be describing our arrogant and conceited leaders.
Soon whole world will be cornered, I mean from US POV.
It's Hillary's fault!!!!!http://www.washingtontimes.com/news/2014/apr/4/state-dept-misplaced-6b-u...
Hillary/Sasquatch 2016
What difference does it make?
Hey! That more billions that our descendants are going to have to repay.
(rimshot)
You mean their descendants? budumpshh!!
So, US is FIRST! runner up.
I thought it was the G6 now?
It's back to the G7 since the powers in the G7 decided to take back Russia's decoder ring and kick them out of the treehouse.
US is still #1 destroying lives!
It this our debt chart, I'm confused
https://www.youtube.com/watch?v=XPFMzskXZvY
US and UK shouldn't be there. Their main exports are FRAUD, weapons and financial terrorism
You are correct, but there's one thing the Brits excell at, IMHO - Comedy.
The world would be a worse place without it.
Doesn't excuse the other stuff.
One thing's for sure, they certainly don't excel in their cuisine or dentistry. And yes, the world would probably be a better place without ieither. LOL
Can't believe the UK is that high. This is coming from a Brit.
dito
I didn't even see UK in top 10 (and was not surprised), until I saw you post and went back to the chart ....
I didn't even see UK in top 10 (and was not surprised), until I saw you post and went back to the chart ....
O.K., UK on 5th may look a little bit overstated, but it's merely London with it's paper values and not the UK as a whole.
When most what the US does is consume and print, I suspect forward illustrations show a snowballing trend.
Power is a transient expression of flux density which, like GDP, does not take into account the cumulative balance sheet of stock; of debt and asset; as these are hidden under the carpet in a game of primacy of moment and ongoing momentum.
But Nemesis is a steely eyed woman who has a better sense of judgement over a longer time horizon.
As she knows Karma, or vengeance of History (life's circle), is a dish that is eaten cold; once the fire of flux and mortal dust have settled and we can tell who won and who lost and MORE IMPORTANT ; WHY !
http://threatjournal.com/archive/tj04052014.html
NATO on High Alert, U.S. Sending Military Forces,Russia Threatens U.S. Dollar April 05, 2014
MORE TROOPS, MORE SHIPS, MORE PLANES.... Bankers will have their war, ready or not?
USA USA USA!!!
This is funny. Power IS ISRAEL , ISRAEL is power , Obama and Romney needed to KNEEL before Israel before being ELIGIBLE for 'election'
I'm guessing you saw at least one of the presidential "debates".
Israel was one of the most used words, perhaps occurring more frequently than the word 'the'.
Sorry, but that's just silly. I'm no fan of the American regime of debt and more debt, but the great thing about debt is that it can be cancelled. We could collapse the Chinese economy tomorrow with tariffs, and just cancel the money we owe them. That may lead to war, but those Treasury bonds are only backed by the full faith and credit of the gov. In reverse what could China do to the US? Stop selling us cheap bullshit? That may only lead to more jobs in the US. Anyone who has actually been outside of the major cities in China would laugh at them being an economic power. Their biggest worry is feeding 2 billion people
But where would we buy our lightbulbs? Blow dyers, electronics? Wouldn't thgis also shut down Walmart and put 70% of the US consumer based economy out of a job?
probaby, but who cares about the the 70%? or the 80%? We could provide even cheaper labor for the 1% and the additional 9% who form the administrative and police state class for the 1%.
us, there are millions of beautiful young girls (and boys) in America who could serve the sexual needs of the 1 to 10% -all of whom could serve their country and the Fed's goal of reducing unemployment by speading their wealth around. .
But where would we buy our light bulbs? Blow dryers, electronics? Wouldn't thgis also shut down Walmart and put 70% of the US consumer based economy out of a job?
probaby, but who cares about the the 70%? or the 80%? We could provide even cheaper labor for the 1% and the additional 9% who form the administrative and police state class for the 1%.
Light bulb supposedly last 7 years now (no more incandescent). That should give us enough time to get production under way again.
Yeah, 7 years ON AVERAGE. I think they got to that number by creating 1 lightbulb that lasts 1000 years and throwing it into the mix with the rest that don't last 2 years.
And the biggest worry of the USSA is 300 million people seeking vengeance for being DUPED the past 50 years...
Nation states - how quaint.
lol... really. all of this 'country' stuff is for the hairlips.
OECD = shit fucking UN crap headquartered in Paris, France.
It's going to be great to see Europe go down the fucking toilet along with the french and we won't have to tolerate these blood sucking lazy entitlement fucks anymore.
World market power index - shove this report up Christine Lagarde's fucking cunt!!!!!
If there was a "Kill People in Other Nations for Kicks" index the USA would be far ahead of whomever is #2.
CHINA AGAIN BITCHEZ
I claim bullshit. Not because China is number one, but because the DC US is even in the top 50 of this chart.
I'll call bullshit because they have Israel hiding to the right of China on the chart, and the Mossad made them change the chart.
It's hard not to be in the top 10 on a list you own #2 and you control the other 1/2 of the top 10.
Israel hiding to the right of China
<>
Hey you can't say 'Israel' on but you can say 'Ireland' and we will know what you mean, ZH House Rules, and the Unicorns make the rules.
What a joke. China, that backwards dump? Wait till they start paying for all of their nouveau arrive' bullshit. China has been hand coddled for 30 years, with many "hoping" they would advance past the US, but those people have no clue what living under a globally dominant China would be like. I'll give you a hint, it would be primitive and pathetic beyond belief. And the handouts and concessions that people subconsciously expect to be given under a US dominated world would evaporate faster than a thimble full of water in the Chinese Gobi desert.
The good news is that weird-assed China will never dominate the world. The bad news is all the pathetic fools who don't know what they're asking for in hoping for a Greater China. It's a joke, trust me.
Back in the middle of 2012 Putin pledged to strengthen Russia’s economic and political ties with China after skipping a Group of Eight summit in the U.S. the month before.
This unholy alliance between Russia and China may create major problems for America going forward. For more about this meeting and the implications see the article below.
http://brucewilds.blogspot.com/2012/06/putin-strenghtens-ties-with-china...
China plays the IMF bankster games until it is big and powerful enough to play by it's own rules and kill off the banksters.
The Chinese are extremely patient, unlike the west.
I have a neighbor, his name is B-2. He has a bunch of thingamajigs call NEUTRONS, and can carry 16 of them to China, Russia, anywhere he wants and they won;t know he is comming to vist them until he gets there.
Does my neighbor, B-2, count regarding power? Actually, he leaves, flies overhead, usually in 2's, and I know someone on the other side of the world is going to have a very bad day.
Just a thought regarding who is in control.
Another passing thought, if Bush the lessor, would of used my neighbor at Tora Bora way back when, would he not be a hero now??
He moved 25 of your 'neighbors' cousins off of the North American continent... That was the end of the NK yapping..(for awhile)
Mesquite, if your refer to the B-2, only 11 moved to Deigo Garcia a while back for that situation, one was lost on Guam a few years ago (talk about a bunch of mechanic from Northrop Gruman with some tight a-holes for a while), we only have 21 total now. 5 Nighthawks will be ablr to take care of North Korea and they are stationed, in the air round the clock and ready to move with neutrons.
I wish someone would tell Mad Dog McCain that we already bombed Iran back in July, 2007 with baby nuke warheads that plunged down about 150 feet and destroyed all those 120 ft deep bunkers that they were mass producing IED's in that were hurting us really bad. I watched the C-5A's load up, the F-22's leave fully armed to escort positions, ect when that happened.
I ''ll bet the NSA is going to set their hair on fire with this post!
China is going to rule the world!!!!
This article ghostwritten by Bill Gertz.
If China is just an "emerging economy" and is way ahead of the U,S. of A., what does that say for the USA?
Only qualified and vetted commentaters need interject.