The "Decline" of U.
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A Tale of Two Economies: You might find this hard to believe now, but in —the year both leaders assumed power—Cuba was a much wealthier nation than Singapore. Whereas Singapore was little more than a sleepy former colonial trading and naval outpost with very few natural resources, Cuba enjoyed a thriving tourism industry and was rich in tobacco, sugar and coffee.
Sound fiscal policy, a strong emphasis on free trade and competitive tax rates have transformed the Southeast Asian city-state from an impoverished third world country into a bustling metropolis and global financial hub that today rivals New York City, London and Switzerland.
Compare that to Singapore: Even though the island is home to a mere 5. Sustained efforts to build a world-class financial center and further open its market to global commerce have led to advances in… economic freedoms, including financial freedom and investment freedom.
Many successful international businesses have emerged and thrived in the Singapore that Lee created, the most notable being Singapore Airlines. Founded inthe carrier has ascended to become one of the most profitable companies in the world.
He showed the world that when a country chooses to open its markets and foster a friendly business environment, strength and prosperity follow.
Even on the other side of the globe, the American Dream lives on. For this and other important information, obtain a fund prospectus by visiting www. Read it carefully before investing. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.
The Global Competitiveness Index, developed for the World Economic Forum, is used to assess competitiveness of nations. The Index is made up of over variables, organized into 12 pillars, with each pillar representing an area considered as an important determinant of competitiveness: Higher rankings a low numerical value indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in to measure the degree of economic freedom in the world's nations.
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Holdings are reported as of the most recent quarter-end. All opinions expressed and data provided are subject to change without notice.
Some of these opinions may not be appropriate to every investor. By clicking the link s above, you will be directed to a third-party website s.U.S. vs. China: A Short Economic Comparison. I wanted to compare some of the differences between these two large economies. The table below compares select economic factors between China and.
This is a comparison between US states and countries' nominal Gross Domestic Product for the Alternative Future as based on International Monetary Fund and Bureau of Economic Analysis data. Many of the states of the United States have large gross domestic product (called gross state product) which would rank highly on a list of countries world GDP.
There’s one last unavoidable comparison between the two combatants. Their top leaders share a surname, though Alibaba’s Jack Ma and Tencent’s Pony Ma aren’t related.
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China vs. United States: A Tale of Two Economies.