Economic Outlook of the World in 2010

Economic Outlook of the World in 2010

(Caution: This might be all theory)

As we currently look around the world, we are wondering what are some of the key qualities of each country and its economic impact. Its natural resources? The money which it has? The population or the number of people in that country? These are some of the parameters of a country. However there are a few people of that country which change the course of their country and the world too. They create enough value and also define certain standards & qualities (In any field : philosophy, art, literature, science) for everyone around them for years, decades and probably centuries to come. And then we come to identify the country through them.

Let us start looking around the world for countries which have gone far & beyond. Countries like USA, Germany, England, Japan & Russia are at the top of the ladder due to some inherent qualities in them. India and Islamic Countries are currently in a state of change and need to define their identity. China is somewhere in the middle of the ladder- a bit assertive and a bit confused.

Americans are known for risk taking abilities. People like Abraham Lincoln, Martin Luther King, Wright Brothers took enormous risks and have built USA which is the foremost country in almost every respect. Germans like Albert Einstein, Max Planck looked at excellence and created the most superior technology for their country. Germans like Immanuel Kant, Beethoven, Mozart also excelled in arts. It is rare that you can find excellence in arts and technology, both from the same country (Germany). England is known for artist, thinkers and people like Shakespeare, Newton and Darwin examplify this. India has produced eminent thinkers, leaders like Ashoka the beloved, Buddha and Mahatma Gandhi.

Region/ Country	People	Qualities	Population (Million)	GDP (Trillion$)	Exports / Imports	Industries / Companies	Outlook
U.S.A^	Abraham Lincoln, Martin Luther King, Wright Brothers	Risk-Taking, Humorous, Creative, Fair, Hard-Working	307	14.4	Third Largest Exporter	Oil, Car and Computers (Internet) / Exxon Mobil, Wal-Mart, Chevron, ConocoPhilips, General Electric, General Motors, Ford Motor, AT&T, HP, Valero Energy	10
Germany	Immanuel Kant, Beethoven, Mozart, Albert Einstein, Max Planck	Creative, Excellence, Hard-Working	82	2.91	Second Largest Exporter	Cars, Construction/ Daimler, Volkswagen, Allianz, Siemens, Deutsche Bank, E.ON, Deutsche Post, Deutsche Telekom, Metro, BASF	10
England	William Shakespeare, Newton, Darwin, Churchill	Creative, Innovative, Thinkers	51	1.9	Ninth Largest Exporter	Bank, Pharma/      BP, HSBC, Royal Bank Of Scotland, Barclays, HBOS, Lloyds TSB, GlaxoSmithKline, BT, Prudential, Astrazeneca, Tesco	7
Japan	Tokugawa Ieyasu, Toyotomi Hideyoshi	Patriotic, Improvisation, Hard Working	128	5	Fourth Largest Exporter	Cars, Electronics / Toyota, Nintendo, NTT Docomo, Canon, Honda, Takeda Pharmaceuticals, Sony, Nippon Steel, Tepco, Mitsubishi, 711	5
Russia	Leo Tolstoy, Lenin	Creative, Excellence	142	1.67	3% of World Exports	Oil, Space / Gazprom, Rosneft, TNK-BP, Lukoil, Novatek, Gazprom-Neft, Surgutneftegas, NLMK, MMK, Evraz	5
China	Confucius	Patriotic, Hard Working	1300	4.3	Largest Exporter	Diversified / Petro China, Bank of China, China Construction, China Pet & Chem, China Telecom, China Life Insurance, Bank of Communications, Baoshan Iron and Steel, China Shenua Energy, Ping An Insurance	4
Islamic Countries	Akbar, Muhammad Yunus	Patriotic, The Islamic Countries need to redefine themselves	1200	5.2	10% of World Exports	Oil Saudi Arabian Oil Co., National Iranian Oil Co., Petroliam nasional Bhd., Kuwait Petroleum Corp, Iraq National Oil Co**, Koc Holding A.S., Abu Dhabi National Oil Co, Saudi Basic Industries Corporation, Sonatrach, Nigerian National Petroleum Co	2
India*	Ashoka the beloved, Mahatma Gandhi, Buddha	The Current India is yet to define itself	1200	1.2	1% of World Exports	Diversified  / Reliance, ONGC, SBI, IOC, ICICI, NTPC, SAIL, Tata Steel, Bharti Airtel, Reliance Communication	1
* We need to learn atleast how to make our own flag. I saw a few flags during the Republic Day and The Ashoka chakra had rolled over 1 inch to the left from the middle of the flag (or the rest of the flag except the Ashoka chakra moved 1 inch to the right). Either ways the flag was  dishonored. Common Sense Glitch.* Data from IMF (www.imf.org), Glimpses of World History by Jawaharlal Nehru, Wikipedia (www.wikipedia.org) & Google (www.google.com)^ I have been in USA for approximately 2 years and i was treated in the most fair and respectable way every time. Impeccable Record by the Americans. On the contrary, the attitude of most Indians and Indians-turned-Americanswas that of arrogance and indifference.** Iraq National Oil Company. There is a North Oil company and a South Oil Company. Please go through the following links also: http://en.wikipedia.org/wiki/Iraq_National_Oil_Company, Iraq South Oil Company

From the above qualities of the country and the data, we have to identify who would the foremost countries a hundred years from now. Countries which would be able to adapt to the globalised world and flourish in every field. USA, Germany, England, Japan & Russia already have some most basic qualities (Risk-taking, creative and hard-working) required to excel in any scenario. The Chinese are patriotic & hard-working but they still need to learn the art of discovery & innovation. The Islamic Countries and India got lost somewhere in between & are yet to form an identity for themselves. If these countries are lucky, someone might come by and define an identity for them in the next few hundred years (however the probability of leaders coming by will decrease with time ahead – to be discussed in one of my next blogs).

Tags: America, China, Economy, England, GDP, Germany, India, Islamic, Japan, USA