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  Should we take economic prosperity at face value? This account takes significant differences between the size of economy and the valuations based on Gross domestic product (GDP), that is,  the market value of all final goods and services from a nation in the current year 2019. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. The International Monetary Fund has warned repeatedly that certain numbers should be taken with a grain of salt. For example, Macao, Luxembourg, Singapore, Switzerland, Ireland, and the Netherlands are all tax havens which means wealth originally generated in other countries ends up inflating their GDP because of sophisticated accounting and legal practices. More broadly, it is estimated that over 15% of global jurisdictions are tax havens and that about 40% of global foreign direct investment flows are so-called “phantom” transactions, financial…

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