U.S. Mega Corporations : If They Were Countries
http://www.businessinsider.com/25-corporations-bigger-tan-countries-2011-6?op=1
This article opens the eyes of readers to the extent of power certain American trans-national corporations have financially; how their revenue is higher than several countries' gross-domestic product. There are several corporations such as VISA (Revenue: $8.07 Billion) and Ebay (Revenue: $9.16 Billion) can be the 133rd and 129th biggest country in the world respectively with their earnings. The most surprising discovery for me personally is seeing companies like General Electric (Revenue: $151.63 billion) and Walmart (Revenue: $421.89 billion) have higher incomes than the GDP of developed countries like New Zealand (GDP: $140.43 billion) and Norway (GDP: $414 billion) respectively.
This truly opened my eyes to how powerful the United States was. You never really know the extent of a country's power until you look at it side-by-side with a another. In this article, I saw that certain developing countries aren't even close to reaching their GDP due to the fact that just from the revenue of companies alone, they can be a bigger country. I know that there are certain factors that come into play to justify why they are more powerful than all of the countries mentioned and these include the actual size of the country, poor economic policies and corrupt governments. This article is interesting for me nonetheless because it gives me a good comparative image of economics between countries.
This truly opened my eyes to how powerful the United States was. You never really know the extent of a country's power until you look at it side-by-side with a another. In this article, I saw that certain developing countries aren't even close to reaching their GDP due to the fact that just from the revenue of companies alone, they can be a bigger country. I know that there are certain factors that come into play to justify why they are more powerful than all of the countries mentioned and these include the actual size of the country, poor economic policies and corrupt governments. This article is interesting for me nonetheless because it gives me a good comparative image of economics between countries.
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