As reported by Market Leader (US)
As you know, Gross domestic product
(GDP) is the main economic indicator. The USA
has been the world’s richest country (in terms of GDP) over the last 70 years. China, India and Russia occupies the 2nd
, and 6th
place correspondingly (the US GDP is 1,5 , 3,4 and 7 as big as the GDPs of these countries).
Are the Americans more hardworking than Chinese (who work 12-16 hours a day) or smarter than the Russians (who learn the multiplication table in the 2nd grade while most US pupils have difficulty learning it even in the 5th grade)? What are the real reasons?
How Do Americans Explain Their Economic Superpower? Read more...
Discussing " Market Leader" article