posted on Oct, 8 2019 @ 11:14 AM
I’d like to see the USA, UK, Canada, Australia and New Zealand form a post-Brexit trade bloc that would make the EU and China appear rather puny in
The combined GDP of such a bloc would be $27.5 trillion, or 31.5 percent of the world total. Its combined population would be 463 million — more
than a UKless EU (447 million).
It would have a GDP almost twice the size of China’s ($14.2 trillion) and 1.73 times that of the post-Brexit EU ($15.9 trillion).
The combined consumer market of the USA, UK, Canada, Australia and New Zealand is $16.8 trillion, or more than 38 percent of the world total. This
compares to the post-Brexit EU of $7.9 trillion and China’s $4.7 trillion consumer market.
I like having a common language and largely similar cultures among the five members of my bloc, but it’s tempting to add the remaining Asian First
World-nations to create an absolute economic monster.
Japan, South Korea, Taiwan and Singapore boast a combined GDP of $7.8 trillion and a population of 207 million.
Adding their GDPs and population to our world-beating trade bloc brings the total GDP to $35.3 trillion (40 percent of the world GDP) and 670 million
That’s about 2.5 times the GDP of China and 2.2 times that of the post-Brexit EU.
If Japan, South Korea, Taiwan and Singapore are added to the mix, the combined consumer market swells to $20.6 trillion. That’s 47 percent of the
world consumer market. China’s share is 10.7 percent and the post-Brexit EU’s is 18 percent. Who ya gonna sell your stuff to China and EU?
If acting in concert, no nation or trade bloc relying heavily on exports could screw over our members without potentially very painful reprisals.