The big picture of global finance (U.S. $81.6 tn)
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The graph clearly shows that Anglo-America is the undisputed core of global finance, with the US-UK axis being the largest private bilateral financial relation on the planet with almost US $4.7 trillion. Japan is strongly integrated with Anglo-America and US-Japan financial relations represent the second largest bilateral connection (US $3.7 trillion). The following ten largest bilateral relations all involve the US or the UK – the only exception is China-HK on place six with US $1.6 trillion. The vast majority of countries have their largest bilateral financial relations with Anglo-America – the few exceptions are Austria, Belgium, Denmark, Finland, Italy, and of course China-HK. Thus, the contemporary system of global finance is unequivocally hierarchical with Anglo-America constituting the centre around which virtually all other countries revolve. Even if domestic political elites of European or Asian countries wanted to distance their economies from Anglo-America, it would be extremely difficult for them to escape the enormous financial gravity of the centre. The next subsection provides indications about how the shares of different countries in global (financial) wealth have developed since 2000 – regarding who has benefitted most from the system of global finance shaped by Anglo-America.
Via cambridge.org
