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Sunday, July 20, 2014

World's Most Powerful Countries: Where Do Indians Stand? 07-20

World's Most Powerful Countries: Where Do Indians Stand?




BANGALORE: Every country in the world strives towards development mainly to get the powerful status. Economy, technology, military capability, foreign affairs, population, land area are among the factors that make any country one of the most powerful countries. As per National Power Index, read on to know the world’s most powerful countries in 2014.

10. Italy:

A unitary parliamentary republic in Southern Europe, Italy is not only famous for its culture, traditions and cuisines, but is also one of the most powerful countries in the world.
It is one of the most developed nations in the world with the fifth largest economy by nominal GDP. Italy is a member of different groups and organizations including NATO, G7, G8 and the World Trade Organization.

This European nation is ranked as the 9th largest economy in the world and the 10th country in terms of spending the highest military expenditure.

9. Canada:

A North America nation, Canada is the ninth most powerful nation in the world. Its advance economy is one of the world’s largest and relies largely upon its natural resources and international trade. Because of a large-scale immigration from many countries, it is one of the most ethnically diverse and multicultural nations.

Canada is second-largest country by total area, and its common border with the United States is the world's longest land border shared by any two countries. And the relation between these two countries is quite friendly and good.

In this nation, $28,194 is an average household disposable income that is an income of 20 percent higher strata of the society earn five times as much as the 20 percent lower strata. Canada is also one of the fastest growing nations in the world.

8. India:

A country with rich culture and history, India is among the most powerful countries in the world. It has the third largest army in the world and one of the most powerful nations with nuclear power.
With 1.2 billion populations, India is the second most populous nation in the world and is one of the fastest developing nation and IT hub of the world.

The survey of 3,200 business leaders in 44 countries found optimism in the Indian economy. Though high inflation and strict regulations on foreign investment and ownership remain major issues, still the Indian economy is expected to grow by 7.8 percent per annum on average by 2017-18.

In India, it is unfortunate that social problem like poverty, terrorism and corruption hindered the growth of the country.

7. Germany:

One of the major political and economic power houses of the European continent, Germany is the seventh most powerful nation in the world.  It is also one of the world’s most populous countries.

Germany is definitely one of those countries with the largest economy by nominal GDP. In spite of being destroyed after World War, still achieved great success.

 It is known as one of the most powerful countries for its strong economy. It is also ranked as the 2nd largest exporter and the 3rd largest importer in the world.

It is also a country that houses maximum billionaires. On an average, the German billionaires are worth $4 billion each. Hamburg, Munich and Dusseldorf are the three German cities with the maximum number of ultra-rich.

6. Japan:

“The Land of the Rising Sun”, Japan, with a fast growing economy emerges as one of the most powerful nations. It has a major economic power and is actually one of the world’s largest exporter and importer.

It is one such nation that spends whooping sum in defense. In this country, maintaining a military establishment is mainly to achieve national security.

The country’s defense budget has risen from 0.8 percent to 4.68 trillion yen ($51.7 billion). Although its economy was almost destroyed after the Cold War and World War II, Japan still emerges as the world’s third largest economy after USA and China.

The Japanese industrial sector is the main reasons behind this growth of this country. It is the home to some of the most advanced automobile companies in the world.

5. United Kingdom:

The Land of kings and queens, the United Kingdom rounds off at the fifth spot on the list. This nation has the world's sixth largest economy by nominal GDP and eighth largest by purchasing power parity.
It was the world's first industrialized country and the world's foremost power during the 19th and early 20th centuries. The UK remains a great power with significant economic, cultural, military, scientific and political influence all over the globe.

 It is a recognized nuclear weapons state and its military expenditure ranks from fourth to sixth (depending on the source) in the world

The UK is believed to be a hardworking country that has 70 percent of employees having a paid job. They work for 1,625 hours yearly.

4. France:

A Western European nation, France is a major power house in Europe since the Late Middle Ages. With its significant cultural, economic, military, and political influence in Europe and around the world, France remains a powerful country.
This country has the world's fifth-largest military budget, third-largest stockpile of nuclear weapons and second-largest diplomatic corps.

Mainly because of its overseas regions and territories throughout the globe, France has the second-largest exclusive economic zone in the world. It is a developed country with the world's fifth-largest economy by nominal GDP and seventh-largest by purchasing power parity.

In France, its citizens enjoy a high standard of living, and as such perform well in international rankings of education, health care, life expectancy, civil liberties, and human development.

3. Russia:

A Northern Eurasian country, Russia is among the most powerful nation since its allied victory in World War II. Its economy comes up as the eighth largest by nominal GDP and sixth largest by purchasing power parity in 2014.

The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction.

 Russia is a powerful nation with a permanent member of the United Nations Security Council, a member of the G20, the Council of Europe, the Asia-Pacific Economic Cooperation, the Shanghai Cooperation Organization, the Eurasian Economic Community, the Organization for Security and Cooperation in Europe (OSCE), and the World Trade Organisation (WTO) and the leading member of the Commonwealth of Independent States.

2. China:

Most populous country in the world, China has become one of the world's fastest-growing major economies and most importantly the second most powerful country in the world.

Until 2013 updates, it is the world's second-largest economy by both nominal total GDP and purchasing power parity, and is also the world's largest exporter and importer of goods. This nation is a recognized nuclear weapons state and has the world's largest standing army, with the second-largest defense budget.

China is also a member of many formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization, the BCIM and the G-20. Within Asia, China is a regional power and has been characterized as a potential superpower by a number of commentators.

1. United States:

United States was and remains, the most powerful Country in the world. Since the end of World War II, the economy has been witnessing a steady growth, low unemployment and inflation with great advancements in the technology segment.
United States has a market-oriented economy with private individuals and business firms make the most of the decisions.

It is also defined as a nation with systemic power within every continent, including a comprehensive global military footprint, a top-tier technological economy, massive diplomatic influence and huge cultural strength.