alt Hacker NewsThe EU accounts for 14% of global GDP, so accounting for 16% of top 100 in market cap isn't terrible (if we're weighing each in the top 100 equally).
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hn_throwaway_99 • today at 6:40 PM
It's not like those are independent variables though. The idea is that if Europe were more competitive and did a better job fostering innovation then both its percentage of global GDP and top companies by market cap would be higher.
and 5% of the population so still not too bad