3 ms·

The EU has 2.6 times the population, and isn't a single country.

• jacquesm 17y ago
  Where did I claim the EU is a single country ? We were comparing economies, not countries.
  • ivankirigin 17y ago
    It's just an apples & oranges comparison, especially because the euro isn't as popular a reserve currency.
  • jibiki 17y ago
    Honest question: what is an economy?
    • jacquesm 17y ago
      That'a good one. I think an economy is a region with a 'scope' that depends on the discussion at hand. You could speak about the ecnomy of Colombia in isolation, or you could look at the economy of Latin America as a whole. When comparing you'd compare Latin America as a whole with for instance North America, Europe or Asia. It is common to compare the US economy vs the EU economy or all of Asia, not to compare the economy of Germany with Texas. Usually regions that can be lumped together share a border. To make the comparision more fair I think if you wish to compare 'apples with apples' as much as possible probably the inclusion of the NAFTA region would be more appropriate when comparing with the EU.