The Evolving Dynamics Of Global Economic Power In The Post-Crisis World: Revelations From A New Index Of Government Economic Power
This paper develops an index for measuring the economic power of governments viewed as entities in themselves. The basic idea is to encapsulate the economic representative power of a nation's government in the international arena in as simple and parsimonious a manner as possible. For this a set of standard data series drawn from internationally accepted data sources is used. The index is composed of four variables: government revenues, foreign currency reserves, export of goods and services, and human capital.