Monday, November 23, 2009

Trends in world GDPs

Mark Perry has a graph on Carpe Diem that shows that the US has produced about 25% of the world GDP from 1969 until the present. Europe's share has fallen, while the share due to Asia has rise, and both are also closing in to 25%.

Europe will become increasingly less important in the world, while Asia will grow in importance, at least for much of the next century. Why? Demography.

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