Despite all the critics, California could soon rise to the world’s 4th-largest economy.
A number of factors make the state a contender to become the most influential in the world.
The world’s top 50 economies
1. United Kingdom
2. Germany
3. France
4. Canada
5. Australia
6. Netherlands
7. United States
#3. China
#4. South Korea
#5. Japan
#6. France
#7. Germany
#8. United States
#9. Australia
#10. India
#11. Brazil
#12. Russia
#13. Italy
#14. Spain
#15. Canada
#16. Singapore
#17. Poland
#18. Italy
#19. Spain
#20. Finland
#21. Turkey
#22. Germany
#23. Singapore
#24. Italy
#25. Finland
#26. United States
#27. Poland
#28. Italy
#29. Spain
#30. Norway
#31. Thailand
#32. New Zealand
#33. Israel
#34. Japan
#35. Switzerland
#36. United Arab Emirates
#37. Singapore
#38. United States
#39. Norway
#40. United States
#41. Korea
#42. Russia
#43. Spain
#44. United Kingdom
#45. Mexico
#46. Argentina
#47. Russia
#48. New Zealand
#49. United Kingdom
#50. United States
Source: World bank
The economy of California is a combination of big tech companies and a growing middle class. The latter, many experts point out, played a crucial role in driving the state’s wealth creation.
Tech giants like Google and Facebook are investing heavily in tech startups that can make a product easier for those who don’t have a high college degree to participate.
The state is also one of the most expensive places to live, especially outside of Silicon Valley.
California, then, is one of the most influential states on the global stage, a position that would be difficult to