Geography divides the planet Earth into large chunks of land called the seven continents. But economy simplifies the world only into three– Americas Division, Europe, and Asia. These three are the major economic regions in the world.
The Americas Division is the biggest economic region. It is mainly comprised of the North and South America and Australia. Europe follows with the EU countries as its majority and Asia, the smallest among the three that includes all Asian countries and the former sleeping giant – China.
According to Fortune’s Global 500 for the year 2008, five of the top 10 corporations are from the Americas Division, four from Europe, and one from Asia. The top 5 corporations were – Wal-Mart, Exxon Mobil, Royal Dutch Shell, BP, and Toyota Motor. Wal-Mart and Exxon Mobil have a combined revenues of USD 751.6 billions and they rank first and second respectively in the Americas Division. Europe on the other hand houses Royal Dutch Shell and BP whose revenues add up to USD 647.2 billions. And the fifth placer in the global ranking, Toyota Motor recorded revenues of USD 230.2 billions and ranking first in Asia. But in terms of net profits, Exxon Mobil tops the global ranking with USD 40.6 billions followed by General Electric with USD 22.2 billions and both corporations are from the Americas Division.