The economic perspective for any nation is scrutinized in terms of its growth rate, economic activities and most importantly factor endowments that each country possesses and how well it exaggerates available endowments. Different economies in different part of the world are blessed with natural factor endowments or resources, obviously at different scale. A country could be efficient, if only it is capable of taking advantages of available factor resources, whether it is natural resources (mines, water sources, and cultivable land), availability of labor or capital.

In the world economy, some countries are blessed with natural resources while others with factor of production like labor and capital. It is up to the policies and reforms that how well a country optimizes its resources to actually empower its economy.

Economic blocs like America and Africa have abundant reservoirs of metals like Platinum, Palladium, Copper, Gold, Silver etc., where as Middle-east economic bloc, combined with some European countries (OPEC) are rich in energy resources (oil and gas). Asia, on contrary, with cultivable land and favorable climate for agricultural products is endowed with agricultural resources both in terms of fertile land and labor. In addition, countries like U.S, China, India, Japan and Australia are also the major players at international commodities market.

At present, while countries blessed with energy reserves are controlling world market with the available energy resources, countries having metal mines (U.S., China, Australia, South Africa, Chile etc.) are significantly manipulating the world market via precious metals like Gold and Silver. As precious metals are directly correlated with powerful currencies like USD, Euro and Pound, with the available factor endowments, these nations are actually controlling the entire world economy.

Asia giants including India, China and Australia combined with U.S., in fact, on the other hand, being major components in world agro-regime, are eventually controlling the world food prices. No matter it is with natural causes like drought, adverse rainfall or any form of agro-diseases or be it causes related at policy level (tariffs, duty, inventory policy etc.), the truth is these countries are in reality controlling world food regime.