By 1900, the British-dominated global economy had drawn in the vast resources of North America, converting the United States from a rather backward and peripheric country into a new global core. In the 20th century, an American-dominated global economy drew in the resources of Asia, turning first Japan, then the ‘Asian Tigers’ and eventually China and India into major players. If this process continues across the 21st century at the same rate as in the past hundred years, the economies of the East will overtake those of the West by 2100. But if the rate of change keeps accelerating – as it has done constantly since the 15th century – we can expect eastern global dominance as soon as 2050 ... read more
No comments:
Post a Comment