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International Business Institute

About Us

The International Business Institute was established in late 2016 and is based at the Ivey Business School at Western University in London, Ontario Canada.  The goal of the IBI is to be a premier global forum for research, teaching, and outreach on international business.  More specifically, it will:

  • Prepare leaders who understand and can meet the unique challenges and opportunities of business management in a global context
  • Advance Ivey's international business research ranking for thought leadership within the worldwide top 10 business schools
  • Strengthen management education in the world's poorest countries

Ivey's International Business Institute combines both the previous Asian Management Institute and Engaging Emerging Markets Research Centre, and includes international business issues in developed markets.

 

International Markets: Major Sources of Economic Output

January 11, 2018

 

Gross National Income (GNI)

Population
(Million)

Purchasing Power Parity
(Int’l $ Billion)

Economic output measured by looking at the prices of a bundle of goods and services at home in local currencies

Atlas Method
(in U.S. $ Billion)

Economic output measured by valuing each country’s goods and services in dollars, using three year average exchange rates

1.

CHINA

21,366

USA

18,154

CHINA

1,379

2.

USA

18,750

CHINA

11,394

INDIA

1,324

3.

INDIA

8,594

JAPAN

4,825

USA

323

4.

JAPAN

5,444

GERMANY

3,609

INDONESIA

261

5.

GERMANY

4,095

UNITED KINGDOM

2,782

BRAZIL

208

6.

RUSSIA

3,306

FRANCE

2,606

PAKISTAN

193

7.

BRAZIL

3,076

INDIA

2,220

NIGERIA

186

8.

INDONESIA

2,929

ITALY

1,914

BANGLADESH

163

9.

FRANCE

2,835

BRAZIL

1,836

RUSSIA

144

10.

UNITED KINGDOM

2,763

CANADA

1,584

MEXICO

128

11.

ITALY

2,317

RUSSIA

1,426

JAPAN

127

12.

MEXICO

2,263

KOREA

1,414

PHILIPPINES

103

13.

TURKEY

1,908

AUSTRALIA

1,313

ETHIOPIA

102

14.

KOREA

1,834

SPAIN

1,278

EGYPT

96

15.

SAUDI ARABIA

1,800

MEXICO

1,153

VIETNAM

 93

 16.

SPAIN     1,688

 INDONESIA

889 GERMANY

 83

Source: World Development Indicators database, World Bank, 2017, for 2016.