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Of the the 200 largest economies in the World, half are corporations (?)

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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 09:21 AM
Original message
Of the the 200 largest economies in the World, half are corporations (?)
(YES, corporations)

True?

or

False?

Anyone have any data on this? Researching....if it is true, who are they?
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melm00se Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 09:36 AM
Response to Original message
1. here you go
Countries by GDP
http://www.nationmaster.com/graph/eco_gdp-economy-gdp

Fortune 500 by revenue
http://money.cnn.com/magazines/fortune/global500/2009/full_list/

the Corp with the largest revenue (Royal Dutch Shell @ $458B in revenue) would come in at #17
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 09:54 AM
Response to Reply #1
3. So you got me interested and I combined the two datasets.
Dumped both into excel, and did some sums.

Of the top 50 economies: 37 are countries, 13 are companies
Of the top 100 economies: 53 are countries, 47 are companies
Of the top 200 economies: 62 are countries, 138 are companies

The top 50 in case anyone cares (amounts are in millions)
United States: Country $13,201,820
Japan: Country $4,340,133
Germany: Country $2,906,681
China: Country $2,668,071
United Kingdom: Country $2,345,015
France: Country $2,230,721
Italy: Country $1,844,749
Canada: Country $1,251,463
Spain: Country $1,223,988
Brazil: Country $1,067,962
Russia: Country $986,940
India: Country $906,268
Korea, South: Country $888,024
Mexico: Country $839,182
Australia: Country $768,178
Netherlands: Country $657,590
Taiwan: Country $528,600
Royal Dutch Shell Company $458,361
Exxon Mobil Company $442,851
Wal-Mart Stores Company $405,607
Turkey: Country $402,710
Belgium: Country $392,001
Sweden: Country $384,927
Switzerland: Country $379,758
BP Company $367,053
Indonesia: Country $364,459
Poland: Country $338,733
Austria: Country $322,444
Norway: Country $310,960
Saudi Arabia: Country $309,779
Denmark: Country $275,237
Chevron Company $263,159
South Africa: Country $254,992
Greece: Country $244,951
Total Company $234,674
ConocoPhillips Company $230,764
ING Group Company $226,577
Iran: Country $222,890
Ireland: Country $222,650
Argentina: Country $214,058
Finland: Country $209,445
Sinopec Company $207,814
Thailand: Country $206,247
Toyota Motor Company $204,352
Japan Post Holdings Company $198,700
Portugal: Country $192,572
Hong Kong: Country $189,798
General Electric Company $183,207
Venezuela: Country $181,862
China National Petroleum Company $181,123
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 10:33 AM
Response to Reply #3
4. Interesting. Please explain why you believe a nation's GDP is equivalent to a corporation's revenue.
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melm00se Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 11:33 AM
Response to Reply #4
5. it's the closest analog available
got another comparative value?
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 11:41 AM
Response to Reply #5
7. No, but a corporation has many expenses that are born by the parent nation such as military and
police activities.

I agree that a corporation is like unto a nation but I wonder how to account for shared benefits of costs born by the nation that protects a corporation both domestically and internationally.

The current example of US taxpayers bailing out multinational corporations who gambled and lost is another instance of corporate costs born by a nation.
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melm00se Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 11:54 AM
Response to Reply #7
8. it embedded in the taxes that they pay
which are part of the revenues (and profits) they generate.

additionally, a nation's GDP is compromised, at least in part, of an aggregation of business revenues, of which corporations are a component.

the tricky part is accounting for the multinational aspect of Fortune 500's. Does all their production/revenues fall to a single country or is it divided up across the various countries in which they do business? (I don't know the answer to that part).
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 12:02 PM
Response to Reply #8
9. Less than 1% of US citizens own more than 50% of our financial wealth. They probably pay more than
1% of the cost of operating the Department of Defense but they certainly don't pay 50% of that department's cost.

Similarly the Departments of State and Commerce spend a major part of their effort doing the bidding of multinational corporations.

What we have in the US is really a corporate state where the cost of government is born by the workers for the primary benefit of corporations that in turn are owned or controlled by the wealthy elite.
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melm00se Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 12:41 PM
Response to Reply #9
10. and this has to do with
what part of the OP?
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 02:05 PM
Response to Reply #10
13. It pertains to # 2 & 3 because they compare nation GDP with corporate revenue. As I pointed out it's
not a simple dollar to dollar comparison unless you can prove that such a simple comparison is logical.

Can you?
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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 01:46 PM
Response to Reply #3
11. Hey Statistical, thanks for the statistics! ;) n/t
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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 01:46 PM
Response to Reply #1
12. Thank you. :) n/t
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 09:41 AM
Response to Original message
2. Might be true but is misleading.
There are only 229 countries with public records.

When you start getting to the bottom of the list it isn't hard for even a mom & pop business to have a larger" economy".

221 Falkland Islands (Islas Malvinas): $75,000,000.00

Thats right $75 million. Some small businesses with couple hundred employees can clear more than $75 mil in gross revenue (especially in industries with small margins).
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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 02:37 PM
Response to Reply #2
14. Good point. Thanks. n/t
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-15-10 11:37 AM
Response to Original message
6. And they control several seats on the UN Security Council.
Including ours.

It's obscene.

I miss anti trust law enforcement.
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