Panorama of Leading Benchmarks
and Index Funds
Despite the huge strides in globalization over the past century and more, the world is far from being a homogeneous place. From an economic slant, the variations across the planet show up in the motley patterns of production and consumption as well as business and finance.
Since the 20th century, the United States has played a dominant role in the global marketplace. Even today, the domestic economy continues to grow at a measured pace in terms of the absolute level of production.
On the other hand, the share of world output claimed by the U.S. has been shrinking for half a century. The reason, of course, is that the budding nations have been blooming faster than the mature giant.
In spite of the dwindling lead, though, the U.S. still retains the top spot in terms of economic output as well as financial clout. For this reason, the nation continues to take center stage in global affairs. As an example, the America economy serves as the bellwether for the rest of the world.
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