Figure 2.2 shows us where in the world the pie is baked. The advanced economies produce 43

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Figure 2.2 shows us where in the world the pie is baked. The advanced economies produce 43 percent—16 percent in the United States, 17 percent in the European Union, and 10 percent in the other advanced economies. This 43 percent of global output (by value) is produced by 15 percent of the world’s population.

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