Figures show that in 2010 China had become the world’s second largest economy while Japan India overpass Germany , and Russia and Brazil overtake the UK and trends clearly show that China US China remaining a serious problem, most experts consider that the total size of the Chinese economy will surpass that of the United States US
According to present trends India will overtake Japan becoming the third most important economy in the world by 2015, and Mexico is expected to enter the Top Ten replacing Italy
Here is the Top10 countries, as listed by PPP GDP, using 2010 GDP figures:
| Ranking | Country | GDP- Purchasing Power Parity (billion USD) |
| 1 | | $14,624.18 |
| 2 | | $10,084.37 |
| 3 | | $4,308.63 |
| 4 | | $4,001.10 |
| 5 | | $2,932.04 |
| 6 | | $2,218.76 |
| 7 | | $2,181.68 |
| 8 | | $2,181.07 |
| 9 | | $2,146.28 |
| 10 | | $1,771.14 |
The expected Top Ten list in 2027 could be: China , USA , India , Japan , Germany , Russia , Brazil , UK , France , and Mexico
If we consider the EU as an economic entity, in 2007 this became the world’s largest economy, with a combined GDP of 14,400 billion USD, but even so, China
China is still far away from the USA, and prospects are not shiny for the former. The bubble in the real estate shall burst (a deja vu in other countries) and what is worse, the demographic policy of the country that allows only one child per family will lead soon to a China with more elderly than working age persons. And that will be the disaster...
ReplyDeleteAs far as the EU is concerned, this is not "a country" (or... not yet, as the UN seems prepared to grant them a place in the General Assembly soon), and crisis and internal tensions may lead to its self destruction. It is up to them to be wise or sink proudly as single nations...
Perhaps the only country in the world that has benefited from the last decade of war against al-Qaeda is China, and it has benefitted big time. Beijing has watched the United States spend more than $3 trillion on the war on terrorism, devote its military resources to the Middle East, and neglect pretty much every other part of the globe (except where al-Qaeda and its friends hang out). The United States is now mired in debt, stuck in a recession, and paralyzed by partisan politics.
ReplyDeleteOver that same period, meanwhile, China has quickly become the second largest economy in the world. In 2001, Goldman Sachs predicted that the Chinese economy would rival that of Germany by 2011. Boy, was that a lowball estimate.
China's overtaking of the United States will effectively end the 'Age of America' a decade before most analysts had expected. It means that whoever wins the 2012 presidential election will have the dubious honor of presiding over the fall of the United States.
As demonstrated by its huge investments into this country—including $45 billion worth of deals back in January—China doesn't want a bankrupt United States. Indeed, U.S. budget deficits and low interest rates have fueled global inflation, driving up food prices and creating precisely the kind of instability that makes China uncomfortable. Beijing needs American consumers, the relative security of American bonds, and the occasional stability provided by American troops. But remember: all of that can be provided by the world's second leading economy and number one military spender.
The Obama administration is well aware of these trends. The notion that the United States has to balance China in the region in some old-fashioned Cold War sense is certainly not necessary. China is not about to gobble up the region, beginning with Taiwan as an expensive appetizer. Beijing has watched Washington suffer considerable indigestion when it bit off more than it could chew (and the rest of the world could stomach).