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ArtikelCottoning On; The Path Ahead  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist ( vol. 400 no. 8752 (Sep. 2011), page 23-24.
Topik: Emerging Markets; Developing Countries--LDCs; Economic Growth; Global Economy; Location of Industry; Trends
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Isi artikelPopulation has determined economic power for most of human history. Now demography and productivity are pushing in the same direction. America and Europe are demographic minnows compared with the developing world's two giants, China and India. And the rich world's financial crisis and its aftermath is accelerating the shift of economic power eastwards. If China can avoid a blow-up in the next decade, it is likely to become the world's biggest economy--though its citizens would still be poor by American standards. Setbacks in making the shift from poor to rich are inevitable. The growth of emerging economies will not continue at the same pace, or in a straight line.
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