How does competition drive innovation?

At the beginning of the twentieth century Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the richest country in the ... Countries in the world ranked by Gross Domestic Product (GDP). List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP. Dec 8, 2017 ... The heady days of 2001 – when Venezuela was the richest country on the continent – are long gone. The economy shrank by 18.6% last year. Oct 31, 2024 ... What is the richest country in the world? According to this post by Global Finance Magazine, it is Luxembourg. The article includes a list ... It's also a wealthy country, whose government has prioritised the growth of the country's private sector, the diversification of the economy and responsible ... Mar 22, 2023 ... How does Luxembourg's free transport scheme work? Since 29 February 2020, all forms of public transport - including buses, trains and trams - ... Apr 25, 2025 ... Luxembourg leads global GDP per capita rankings, outpacing countries like Singapore, Ireland and Macao SAR. This analysis highlights the ... Sep 18, 2024 ... China is already the richest country in the world by PPP GDP (US is still richest by nominal GDP), so being the richest by TC-PPP GDP is less ... 6 days ago ... The United States consistently has the largest net worth, boasting the highest number of millionaires and taking up a large portion of global ... Apr 9, 2025 ... This chart collection examines how U.S. health spending compares to health spending in other similarly large, wealthy OECD countries using ...