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To: Filibuster_60
It is G8, Russia ahead of Canada and if grow rate continue this year, then it will be ahead Italy, possibly England too.
107 posted on 03/08/2004 8:14:48 PM PST by RussianConservative (Xristos: the Light of the World)
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To: RussianConservative
Soon it might be G9 with China included - China's the 2nd-biggest economy in purchasing power.
114 posted on 03/08/2004 8:36:55 PM PST by Filibuster_60
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To: RussianConservative
It is G8, Russia ahead of Canada and if grow rate continue this year, then it will be ahead Italy, possibly England too.

United States 290,342,554 $10,450,000,000,000 $36,300
China 1,286,975,468 $5,989,000,000,000 $4,700
Japan 127,214,499 $3,651,000,000,000 $28,700
India 1,049,700,118 $2,664,000,000,000 $2,600
Germany 82,398,326 $2,160,000,000,000 $26,200
France 60,180,529 $1,558,000,000,000 $26,000
United Kingdom 60,094,648 $1,528,000,000,000 $25,500
Italy 57,998,353 $1,455,000,000,000 $25,100
Russia 144,526,278 $1,409,000,000,000 $9,700
Brazil 182,032,604 $1,376,000,000,000 $7,600
Korea, South 48,289,037 $941,500,000,000 $19,600
Canada 32,207,113 $934,100,000,000 $29,300

Quite true, Russia's Russia's GDP grew 6.9 percent in January- August 2003.

The UK and Italy did grow, albeit far more slowly.  Germany had 0.1% growth. 

However, things CAN change, so, don't count your chickens before they hatch.  I hope Russia does grow and gain its rightful place, but let's wait until it does...

The G8 is

The G8 is not representative of the world's population. It is constituted by industrial and market-orientated democracies.

It currently consists of the US, Canada, Japan, the UK, France, Italy, Germany and Russia

The core of the G8 is the G7. These countries participate fully in all G8 discussions and collectively have the greatest influence on G8 policy and action. The members of the G7 includes:

  1. Canada
  2. France
  3. Germany
  4. Japan
  5. Italy
  6. United States
  7. United Kingdom
European Union (EU)

The EU has a limited G8 membership. The EU does not participate in political and security discussions because it does not have the same political powers as a national government. However, because it does have its own currency (the Euro) and central bank, the EU does participate in financial and economic discussions.

Russia

Russia also has a limited G8 membership. Russia does not participate in financial and economic discussions because of the small size of its economy and financial instability. However, because of its political and military importance in the world, Russia does play a role in political and security discussions.

If the criteria are democracy and size of the economy, then Canada ought to be chucked out and India, Russia and S. Korea added.

148 posted on 03/14/2004 2:54:06 AM PST by Cronos (W2K4!)
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