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Mar 23, 2012

China & India Will Consume 50 percent Of World Economy in 2050

In this great graph you can see the developing of the economy (gross domestic product) of the world throughout history, illustrated by the relative importance of the nine great powers of the world. Up until 1800, more than half of the world economy was dominated by China and India. Since 1800 the western powers more and more took over the world economy from Asia. Especially look at the development of the United States and the United Kingdom. The process turned around from 1980 when China introduced economic reforms. China and India are projected to have around half of world GDP again by 2050.

This can also be seen as the rise and the fall of the 'West'.