>What was the exact figure Jeffrey Sachs cited in a recent NYT editorial?
>That the stock market wealth created in the last 5 years in the rich
>countries is 60x the debt owed by all Sub Saharan Africa?
I don't have world market cap figures, but for the U.S., it's 31 times.
Growth in stock market value of U.S. corporations, period ending 1999Q1:
1-year $1,494 billion 2-year 5,496 5-year 9,033
Debts of "developing" countries, 1999:
all $1,942 billion Africa 288 Asia 663 Mideast/
Europe 257 LatAm/Car 735
Doug