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Article: Abroad, to California: for all its problems, the golden state--a bellwether for the nation--hasn't lost all of its luster.(Global Investment)
- Article from:
- Research
- Article date:
- February 1, 2004
- Author:
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California is a quintessential American state. Most people around the world, when they think of things American, are likely to name trends, ideas, lifestyles and products which have their origins in California.
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While being an integral part of the U.S. economy, California is also a formidable economy in its own right. With its gross state product estimated at around $1.5 trillion, it produces about 14 percent of all goods and services in the United States. Which means that California punches more than its weight, since its population accounts for around 12 percent of America's total.
In 2003, because of the weakness of the ...