Reality check- changes to come by 2020
Rise of south alters global power base
China, India and Brazil out to dwarf combined output of West
Doha : The world is witnessing an “epochal global rebalancing”, with the rising of new powers: China, India, Brazil and Russia (known as BRICs nations), a UN report released on Thursday said.
Today, developing nations are driving the economic growth and lifting hundreds of millions of people from poverty, and placing billions more into a new global middle class, said the report prepared by the United Nations Development Programme (UNDP).
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” it noted.
The report anticipated that the combined output of the three leading economies – China, India and Brazil – will surpass, by 2020, the aggregate production of the United States, Germany, United Kingdom, France, Italy and Canada”.
Yeah and to think that tiny little countries like the UK, France, Italy, etc have been throwing their weight around with very little that they have. When the giants like china, Brazil and India really wake up this little dwarfs will go back to their caves and the others who pretend to have all the wealth in the world might just fade away
lets see
Predicting growth rates is risky ...as long as good quality people keep migrating to greener pastures, they will remain green.