2007-01-17 21:02:29 · 10 answers · asked by Bassey 1 in Politics & Government ➔ Politics
The United States is a large, developed economy with diversified industries and a substantial system of financial institutions.
Venezuela has a lot of oil. That's all.
But even in terms of oil revenue, Venezuela doesn't come near competing with the US. The United States produces 4 million barrels a day more oil than Venezuela. The United States even has more oil reserves than Venezuela, almost double Venezuela's.
The economy of the United States is simply too substantial for one resource to compete with. Multinational companies based in the US produce products sold the world over. There's a reason why everyone wants to be able to sell their goods to the United States. Because they know the US has the money to buy them. Our large public debt is funded by other countries. Why? Because US public treasury bonds are the safest place to put your money. The US is the richest country in the world.
BUT not for long with the irresponsible globalization. Venezuela has actually been making some recent changes that are going to result in them being a major global competitor in the not too distinct future.
2007-01-17 23:05:13 · answer #1 · answered by BeachBum 7 · 0⤊ 1⤋
Total assets of the people in the U.S. exceeds that of the people of Venezuela. However, the national debt of the U.S. far exceeds that of Venezuela.
2007-01-18 05:33:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The extremely corrupted president of Venezuela Mr.Hugo Chaves must have much more money than Bush, but of course US have more.
2007-01-18 05:09:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Who, the governments or the people? The US owes so much to China and Saudi Arabia that it has become the greatest debtor nation. Now in terms of Billionaires hands down the US
2007-01-18 05:21:09 · answer #4 · answered by emiliosailez 6 · 0⤊ 0⤋
US of A is the riches nation on Earth. Guess who has more
2007-01-18 05:06:25 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Hugo Chavez should be removed
2007-01-18 06:08:34 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Anyway what does it matter! But how do they spend it? Productive or distructive?
2007-01-22 14:28:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
U.S.
Stupid.
2007-01-18 05:05:58 · answer #8 · answered by Desert Rose 5 · 1⤊ 1⤋
The US, by far.
2007-01-18 05:05:32 · answer #9 · answered by Anonymous · 1⤊ 0⤋
US. WHY DOES IT MATTER.
2007-01-18 05:09:04 · answer #10 · answered by Anonymous · 0⤊ 0⤋