The EU with 29 members would cover 3,86 percent of the world's area, have 8,92 percent of the world's population and 22,94 percent of the world's income. The US follows the EU, which is the biggest economy in the world, with $10 trillion 614 billion. China, which has been growing at an extraordinary speed is third rank with $6 trillion 435 million and Japan became the fourth by $3 trillion 641 million. India, which has been outpaced by China for 40-50 years though it is also growing steadilyat about 5-6 percent with $3 trillion 68 billion, is fifth. Brazil, which was a symbol of instability for its rapid booms and busts is sixth with $1 trillion 322 billion and seventh is Russia, which faced a big economic crisis in 1990s but recovered recently with $1 trillion 279 million.
March 16-19, 2005
Boca Raton Resort & Club
Boca Raton, Florida
Futures industry professionals attend the International Futures Industry Conference to exchange ideas, share information, discuss trends and network with peers. Boca has been the showcase for innovation. The place to introduce new products and express new ideas. The venue to seek convergence of the industry.
Today brokerage executives, exchange officials, policymakers, money managers and service providers come from more than 30 countries to attend this annual gathering of the industry's leadership.
To download the Boca 2005 Brochure* for registration information and a preliminary schedule of events from the conference site go to: http://www.futuresindustry.org/boca2005-2459.asp
The Dutch government has announced plans to reduce its current 34.5% corporation tax rate to 30% by 2007. The corporation tax will be reduced in three stages, with the first cut, totaling 3%, taking place as soon as January 1, 2005.
The Dutch government expects the corporation tax rate cut to lead to more foreign investment while making Dutch companies more competitive with counterparts in countries with lower tax rates.
Source: Dutch Ministry of Finance
British EU trade commissioner Peter Mandelson modestly admitted that Britain has much to learn from the EU. He points out: "To produce the same output UK workers work 14% longer hours than German workers and 29% longer than French workers."