Gross Domestic Product (GDP) is the market value of all officially

recognized final goods and services produced within a country in a given period.

the main tool for measuring the country's economy.

Gross Domestic Product - High

World 69,899,225

1 United States 15,075,675

2 China 7,298,147

3 Japan 5,866,540

4 Germany 3,607,364

5 France 2,778,085

6 Brazil 2,492,907

7 United Kingdom 2,431,310

8 Italy 2,198,732

9 Russia 1,850,401

10 India 1,826,811

Gross Domestic Product - Low

174 Grenada 819

175 Vanuatu 760

176 Saint Kitts and Nevis 715

177 Saint Vincent and the Grenadines 688

178 Samoa 634

179 Comoros 614

180 Dominica 483

181 Tonga 439

182 São Tomé and Príncipe 248

183 Kiribati 167

184 Tuvalu 36

Gross National Product (GNP) The total value of all final goods and services

produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country.

GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living.

Top GNP Countries

Rank 2011 2010 2009

1  United States 15,097,083  United States 14,648,955  United States 14,135,520

2  China 6,628,086  China 5,717,592  China 4,822,913

3  Japan 5,774,376  Japan 5,359,236  Japan 4,793,538

4  Germany 3,594,303  Germany 3,513,807  Germany 3,472,823

5  France 2,775,664  France 2,745,670  France 2,742,735

6  United Kingdom 2,366,544  United Kingdom 2,373,636  United Kingdom 2,532,124

7  Italy 2,146,998  Italy 2,149,222  Italy 2,141,109

8  Brazil 2,107,628  Brazil 1,859,414  Brazil 1,575,897

9  India 1,746,481  India 1,539,419  Spain 1,469,901

10  Canada 1,570,886  Canada 1,475,865  Canada 1,412,899

The difference is…

GDP defines its scope

according to location

GNP defines its scope

according to ownership.

What is a Multinational Corporation? is a corporation enterprise that manages

production or delivers services in more than one country.

Many countries fight to have MNCs as they can lead to increased tax revenue, employment, and economic activity.

In many cases governments offer MNCs incentives such as tax breaks, pledges of governmental assistance or lax environmental and employment regulations.

Multinational Corporations In the 70’s and 80’s large multinational

corporations (Nike, Adidas, Gap, Ralph Lauren) started to leave the north for the south because of labour and environmental regulations.

Ex: rising minimum wages, and emissions control laws

Multinational Corporations MNCs invested money in the southern

economies, but only invested with the interest of boosting economic growth, and not improving social conditions

Many countries have limited choices. Either the people accept unfair terms of employment by the MNCs or the country tries to borrow more money through the IMF to help their ailing economies.

How many do you know?

http://www.sporcle.com/games/g/corplogos