Price Waterhouse Cooper has published a report titled "The World in 2050: Beyond the BRICs" in which they report:
“The global centre of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run.
“Our latest projections suggest that China could overtake the US in around 2025 to become the world’s largest economy and will continue to grow to around 130% of the size of the US by 2050. India could grow to almost 90% of the size of the US by 2050. Brazil seems likely to overtake Japan by 2050 to move into fourth place, while Russia, Mexico and Indonesia all have the potential to have economies larger than those of Germany or the UK by the middle of this century.
“But the fastest mover could be Vietnam, with a potential growth rate of almost 10% per annum in real dollar terms that could push it up to around 70% of the size of the UK economy by 2050.”
Linear projections and extrapolations are problematic. Thanks for the link - will spend some time looking at the methodology.
Posted by: Allan | March 09, 2008 at 09:10 PM
with a potential growth rate of almost 10% per annum in real dollar terms that could push it up to around 70% of the size of the UK economy by 2050.”
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“The global centre of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run.
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India could grow to almost 90% of the size of the US by 2050. Brazil seems likely to overtake Japan by 2050 to move into fourth place, while Russia,
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