The big picture

This may seem unrelated to freelancing, but unfortunately, it isn’t. Europe is quickly losing its grip on global markets, while “China and America dominate like never before,” writes The Economist about The new geopolitics of global business:

• “America and China account for 76 of the world’s 100 most valuable firms. Europe’s tally has fallen from 41 in 2000 to 15 today.”
• “America accounts for 24% of global GDP, but 48% of business activity. China accounts for 18% of GDP, and 20% of business. Other countries, with 77% of the world’s people, punch well below their weight.”
• “Of the 19 firms created in the past 25 years that are now worth over $100bn, nine are in America and eight in China. Europe has none.”

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