Emerging Nations Realizing It's Not Easy Getting Rich
By:
Forbes Real Time
At some time in 2011, Brazil celebrated the fact that it had surpassed the once-mighty British economy, creators of modern day capitalism, and made its way all the way to the world's sixth largest economy. But that all depends on the measurement. By pure economic output, Brazil should be bigger and badder than the United Kingdom. Afterall, the U.K. is about the size of Tocantins, a state in the Brazilian Amazon. In terms of GDP, Brazil's output was $2.48 trillion in 2011. The U.K. came in seventh at a "weaker" $2.43 trillion, according to the World Bank.
At some time in 2011, Brazil celebrated the fact that it had surpassed the once-mighty British economy, creators of modern day capitalism, and made its way all the way to the world's sixth largest economy. But that all depends on the measurement. By pure economic output, Brazil should be bigger and badder than the United Kingdom. Afterall, the U.K. is about the size of Tocantins, a state in the Brazilian Amazon. In terms of GDP, Brazil's output was $2.48 trillion in 2011. The U.K. came in seventh at a "weaker" $2.43 trillion, according to the World Bank.
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