10. India – Powerful or Not?
India is also beginning to develop a fairly reputable entertainment industry and a strong technology industry. Many companies look to India for their outsourcing needs since the labor is relatively cheap and India has a large number of English speakers. Call centers and IT hubs have become staples of the Indian economy, after manufacturing these are the major industries to watch out for in the future. India’s film industry, nicknamed Bollywood, has gotten bolder over the last few years. These movies are shattering Indian box office records and are bringing in a lot of money for the entertainment industry. Indians abroad, as well as Nepalese, Bangladeshis, and Pakistanis, love Bollywood and they support its attempts at bringing a uniquely Indian flair to the entertainment industry.
9. Brazil
8. Italy
Known the world over for their fine taste in automobiles, food, music, and fashion, Italian companies dominate the top positions of their respective industries. However, not all is well in Italia, the past 20 years have seen a decline in growth and the Italian economy has been especially affected by the economic crises of 2008. If past history is any indicator of future performance than Italy will bounce back from this as strong as ever.
7. France’s Limited Power
France recovered much better than other industrial nations following the economic crises of 2008-2009, and it entered the recession much later than other countries. France is also the world leader in developing Nuclear energy, 78.1% of all of the country’s electricity is provided by nuclear sources, followed by hydroelectric power at 11.1% and Fossil fuel at 9.5%. Because of this France is the smallest emitter of carbon dioxide among the seven most industrialized nations, this is a remarkable feat and one that will certainly be followed by countries as pressures for environmental preservation continue to increase.
The French people are happy too, French citizens enjoy the benefits of a socialized society, with free healthcare and guaranteed pensions. Although this does mean they get taxed considerably higher than their counterparts in the United States, the top tax rate in France is 75% for those who earn over 1 million euros and the corporate tax rate is 70%. Not only is France well known for its industrial power but it also the world’s sixth largest agricultural producer and the EU’s largest agricultural producer. This diversified economy has done well to insulate itself from major disasters.
6. Japan
5. How Powerful is Russia
Russia is dealing with many issues currently that could affect its standing in the world. First, lowered oil prices have hit the Russian economy especially hard as oil constitutes 15% of their overall GDP and 57% of their federal budget. Besides that they are facing several war fronts in Syria, Ukraine, and to a lesser degree in other former soviet states. Also, due to Russia’s large mass, there have been governance issues that have led to illicit funds leaving the country, over 800 billion dollars in the last few years have left the country via hidden channels. Analyst predict that Russia’s economy will shrink over the next few years due to these pressures..
4. Germany
Under the guidance of Chancellor Angela Merkel, the Germans have exerted considerable influence in their region and they are poised to overtake the U.K., if they haven’t already, in terms of global positioning.
3. UK
2. China is Very Powerful
The Chinese economy is second only to the United States, and their military spending is one of the largest budgets in the world. Although Chinas growth is expected to slow down over the coming years, there is little sign of a deflation in sight. China’s growth is only being further promulgated by the rise of its industrious and highly skilled middle class. Unlike many other advanced economies, China has had great success in tapping resources on the African continents by working closely with government allies. The formerly largely agrarian society is seeing more and more people migrate to its large cities, adding to the skilled workforce and solidifying China’s place as the second most powerful country in the world.
1. USA – The Most Powerful Country
Not only is the U.S. the largest economy by a long stretch, it has the most powerful military by an even wider margin. The U.S. military has more funding each year the next 10 most funded countries combined! The U.S. isn’t afraid to flex its military and diplomatic muscle whenever it feels its interest have been threatened, something that has been both applauded and denounced by the international community.
Lastly, not only does the USA dominate in economics and military might, it is also a large cultural exporter. Hollywood, the music industry, fine arts, theatre, you name it; people around the world consume American culture because our entertainment industry is well established, well-funded, and of a high quality. American celebrities, pop culture, and movies are known worldwide, even countries where the majority of people don’t speak English, they are still knowledgeable of American popular culture. Analysts believe that the U.S. is poised to remain as the most powerful country in the world for at least the next ten years, but on cultural influence alone, the U.S. is poised to remain relevant for a decades if not centuries ahead.