Projections Reveal the Largest Global Economies
Projections Reveal the Largest Global Economies will be Asian.
China is being predicted to be one of the four Asian countries to dominate the world economy in less than four years.
According to Fionn Wright, the US dollar may not remain the global reserve currency and he asks if its days are numbered.
His article, “10 Strategies the West Can Leverage off China” which is featured on this website as well as on social media, argues there is a lot the West can learn from China which has already significantly recovered from the COVID-19 economic crisis. He provides ten successful strategies.
Wright was named by City Weekend Magazine as one of the “11 Most Influential Movers & Shakers in Shanghai.” Having had the opportunity to grow his personal brand in China, he now travels the world with his wife and 2 sons, live-streaming to up to 30,000 people simultaneously, living his dream and coaching others to do the same.
In 1992 all of the top 10 (except for China) were “developed” countries and based on projections by the World Bank and IMF, China, India, Japan and Indonesia will be the 4 largest economies with the USA being the only non-western nation, holding the second position.
Wright argues the “developed” world has had it too good for too long. Much of the wealth built on the back of slavery and colonialism. Developing countries still have a long way to go for equality in terms of GDP/capita. Asia has 60% of the world’s population and he asks, “Shouldn’t it have 60% of the world’s GDP?”
“As China rolls out the digital Yuan, comes to the aid of countries around the world in these challenging times, and powers forward despite having been hit with COVID, how will the greater world respond?” he asked. “Which of the economic powers on planet earth right now seem more stable? Which have the potential to lift the developing world (85% of the world’s population) into developed world status? The China Dream is but one country’s dream, and while we can find ways to leverage it as transformative for planet earth, what about the rest of us?”
The Asian century seems to be here, and that can be a good thing, for most. 60% of the world’s population lives in Asia. With recent pleas for equality in the US, in addition to racial equality, he argues for global equality given 85% of the world’s population lives in developing countries.
- 10 Strategies the West Can Leverage off China
- China Will Emerge Stronger Post-coronavirus
- 10 Trends Indicate the Coronavirus Will Make China Stronger
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