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by jballanc
4918 days ago
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I don't see how they are at all related. For one thing, I can pretty much guarantee you that the difference in GDP growth between the fastest growing European economy and the slowest is leaps and bounds larger than the same difference between states. For another thing, for many businesses in the US, it's fairly trivial to relocate should things go south. Not so for moving between countries in Europe. |
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http://en.m.wikipedia.org/wiki/List_of_U.S._states_by_povert... http://www.sciencedaily.com/releases/2008/10/081031102640.ht... Between states it ranges from 5% to 20%. Between countries in Europe it ranges from 10% to 20%. I'm sure the figures aren't directly comparable, but it at least suggests that there's a similar level of economic diversity.