A Journey Into The Global Economy
I thoroughly enjoy these graphics, as they put the world in a proper perspective:
It is insane to consider, but in the race for money the world leaders in GDP are truly miles ahead of the rest.
Consider #3 Japan to #1 United States—They are only 17.2% of our GDP. Not even one-fifth. And they are #3.
The entire rest of the world—A ridiculous number of countries—don’t even equal China.
The same goes for household wealth:
But this exact structure is not expected to remain for long.
While the “big versus small” won’t change, the distribution amongst the players will:
The West needs to put itself back together, because the East is rising.
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