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G20 ECONOMIC TITANS

19 de diciembre de 2024

Charting the Divide: The Geopolitical, Digital and Corporate Forces Reshaping Our World. 

Understanding and preparing for the implications of the in-depth transformations currently reshaping the global landscape is crucial. These dynamics include significant geopolitical and digital shifts, alongside the emergence of a tri-polar world characterized by three distinct blocs:  

  • The United States and its allies.  
  • China and its allies. 
  • The influential role of transnational corporations (TNCs) 

Moreover, in this complex environment, America’s choice regarding a second Trump presidency will amplify ongoing shifts. 

At the center of this new reality, we define the concept of “G20 Economic Titans”, a unique perspective that combines 20 largest economies in the world, encompassing both nations (measured by GDP) and corporations (by market capitalization). This framework captures the primary forces driving the global order.  

Within this group, Spain ranks 21st, emphasizing its role as a guest participant in the «G20 Economic Titans» paralleling its permanent invitee status within the G20 group of nations. 

It is also worth noting that while major Chinese companies often secure top positions in global revenue rankings, they lag behind their American counterparts in terms of market capitalization. This disparity is largely due to restricted global investor access, regulatory uncertainties, and concerns over transparency. 

 

José María Romero Vera
Director, Economic analysis and International affairs  

Jorge Vindel González
Senior Analyst I Economic analysis and International affairs 

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