July 21, 2007
The Globalist Quiz

Here's this week's Globalist question:

Dependent on the U.S. of A.?

For years, U.S. economic growth has been the dominant factor in the world economy. Consequently, U.S. demand for imports has had a vital influence on the economic fortunes of many nations around the globe. With growing concerns about a U.S. economic slowdown, we wonder: How much of Europe's gross domestic product is accounted for by its U.S.-bound exports?

A. 25%

B. 10%

C. 6%

D. 2.4%

Continue reading for the answer ...

Globalist Quiz answers

Answer to the Globalist Quiz

The Globalist Quiz: Answers

The Globalist

A. 25% is not correct.


That is, however, the level reached by both Canada and Mexico, the two North American neighbors of the United States and partners in NAFTA, the North American Free Trade Agreement.


Accordingly, these two countries stand to lose the most if the U.S. economy does slow down significantly – just as they have benefited greatly in recent years from strong U.S. economic growth.


B. 10% is not correct.


The Asian “tigersâ€