July 5, 2012

...AND RICHER...:

America: Number One In Wealth, Richer Than The Next Four Nations Combined (ELEAZAR DAVID MELÉNDEZ, July 3, 2012, IB Times)

Here's something to stoke some patriotism ahead of Independence Day. America remains the world's richest country, with more wealth than the combined treasures of the next four richest nations -- Japan, China, Germany and the UK. And most of its wealth comes from the potential of its people.

While that might sound like the kind of platitude a politician might claim behind a flag-draped podium this Fourth of July, it's actuallys the assessment of a recent United Nations study. The 336-page "Inclusive Wealth Report," put together by the U.N. University and the U.N. Environmental Programme, tabulated the wealth of nations by including not just the economic output potential and asset capital bases of various countries, but also their mineral wealth and human capital. The report, which applied the methodology to dozens of countries, also looked at other hard-to-measure assets that are rarely taken into account when the national riches are considered, like quality of ecosystems and water resources.

It tabulated the "inclusive wealth index" of the U.S at around $117.8 trillion in 2008. That number exceeds the combined figures for Japan, China, Germany and the UK, ranked respectively at $55.1 trillion, $19.9 trillion, $19.5 trillion and $13.4 trillion. It fell just shy of also being able to incorporate the wealth of the next-richest country, France's $12.9 trillion. About 75 percent of America's wealth was deemed as coming from its "human capital," a high percentage that was exceeded only by a few highly developed European nations.

Posted by at July 5, 2012 5:12 AM
  

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