The EU will it replace the US for world trade power ?

Question

Ten Richest Countries (based on 2004 GNP per capita in US$)

Luxembourg ... $56,380
Norway ... $51,810
Switzerland ... $49,600
United States ... $41,440
Denmark ... $40,750
Iceland ... $37,920
Japan ... $37,050
Sweden ... $35,840
Ireland ... $34,310
United Kingdom ... $33,630

EU Countries From Richest to Poorest*

Luxembourg (pop. 474,413) ... $61,610
Ireland (pop. 4,062,235) ... $32,930
Austria (pop. 8,192,880) ... $31,800
Denmark (pop. 5,450,661) ... $31,770
Belgium (pop. 10,379,067) ... $31,530
United Kingdom (pop. 60,609,153) ... $31,430
Netherlands (pop. 16,491,461) ... $31,360
Sweden (pop. 9,016,596) ... $29,880
Finland (pop. 5,231,372) ... $29,800
France (pop. 60,876,136) ... $29,460
Germany (pop. 82,422,299) ... $28,170
Italy (pop. 58,133,509) ... $28,120

Rank Country PPP total PPP/capita Population
($ billions) ($) (million)
1) European Union 10,840 28,600 379
2) USA 10,400 37,600 290
3) China (mainland) 5,700 4,400 1,287
4) Japan 3,550 28,000 127
5) India 2,660 2,540 1,049
6) Germany 2,180 26,600 82
7) France 1,540 25,700 60
8) Britain 1,520 25,300 60
9) Italy 1,440 25,000 57
10). Russia 1,350 9,300 144
11) Brazil 1,340 7,600 182
12) South Korea 931 19,400 48
13) Canada 923 29,400 32

The ranking when the EU is taken as seperate nations and not as an enity unto itself -


Country GNP Per Capita
USA $10,533 $38
Japan $4,852 $38
Germany $2,242 $27
Britain $1,544 $26
France $1,543 $26
China $1,329 $1
Italy $1,260 $22
Canada $760 $24
Brazil $715 $4
Spain $651 $16
Mexico $578 $6
South Korea $515 $11
India $510 $0.5
Australia $444 $24
Netherlands $429 $27

http://www.scaruffi.com/politics/gnp.html

Answer 1

perhaps it is related to the interest in forming north america trade union ? if canada , mexico and america become united that gives us a boost ?

Answer 2

Enough Americans still understand that wealth is created by entrepreneurs, not governments, and leave them unshackled. America encourages people to take risks in business and lets them keep the rewards for doing this. Most EU countries don't, and the EU keeps adding regulations to suppress innovation. When you look at the great inventions of the modern world, they were almost exclusively brought to market by American and Japanese companies. There are no European companies that manufacture computers. Bankruptcy laws in Europe basically prohibit someone from trying to launch a business if his first attempt fails.

Answer 3

Since the EU is pretty much a myth and a mis nomer, you can't really lump them in the union yet. So, no it won't.