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Old 02-05-2023, 06:22 PM
 
1,764 posts, read 1,029,099 times
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Today, the Asian share of global GDP is over 45%, whereas Europe and North America combined now account for a bit less: about 44%. An extraordinary change in a remarkably short space of time. Clearly mostly a result of the furious growth seen in China and India over the period, but mirrored by rapid growth in many other Asian nations.

If GDP growth differentials between the continents continue at anything like the rate established between 2011 and 2021, Asian GDP is likely to account for over half of global GDP by 2030. https://www.worldeconomics.com/Thoug...-is-asian.aspx

No longer it is the Western world dominates the world's economy. Sure what will happen in Wall Street and London is very important, however as time goes on, the world economic activity will be more concentrated in Asia.
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Old 02-05-2023, 07:41 PM
 
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Yeah! But if you look at the World Population Share,
Europe and North America only make up of 17.19%,
whereas Asia is a whopping nearly 60%.
In terms of voice, Asia is louder. Wealth? Not so much. Too many mouths to feed.

https://www.worldometers.info/geography/7-continents/
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Old 02-05-2023, 08:10 PM
 
1,764 posts, read 1,029,099 times
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Quote:
Originally Posted by orbiter View Post
Yeah! But if you look at the World Population Share,
Europe and North America only make up of 17.19%,
whereas Asia is a whopping nearly 60%.
In terms of voice, Asia is louder. Wealth? Not so much. Too many mouths to feed.

https://www.worldometers.info/geography/7-continents/
Yet in the last 40 years there is been a huge rise in wealth in Asia. Plus within the next 10 yeas China economy will surpass the USA. India on the other hand is expected to overtake the UK in being the 4th largest economy in a few years.

Plus there is a massive rise in Middle Class in Asia. Between 2020 and 2030, the middle-class population in Asia Pacific is forecast to swell from 2.0bn to 3.5bn people https://www.cushmanwakefield.com/en/...bal%20growth1.
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Old 02-06-2023, 01:32 AM
 
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It’s not in the least bit surprising when you consider the population heavyweights of Asia.

China: 1.4 billion
India: 1.4 billion
Indonesia: 270 million
Pakistan: 220 million
Bangladesh: 160 million
Japan: 125 million
Philippines: 100 million
Vietnam: 100 million
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Old 02-06-2023, 06:50 AM
 
Location: London, UK
4,096 posts, read 3,733,559 times
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It's incredible how they fit 100million + people in countries smaller than Germany or Poland (Vietnam & Philippines) and 160 million in a country the size of Greece.
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Old 02-06-2023, 09:03 PM
 
4,660 posts, read 4,126,014 times
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Quote:
Originally Posted by orbiter View Post
Yeah! But if you look at the World Population Share,
Europe and North America only make up of 17.19%,
whereas Asia is a whopping nearly 60%.
In terms of voice, Asia is louder. Wealth? Not so much. Too many mouths to feed.

https://www.worldometers.info/geography/7-continents/
Bingo!

I'll add on top, there is no such thing as an "Asian voice." Some of these countries aggressively hate each other. Some are incredibly important allies to "the west," which does not speak with one voice either, but moreso than Asia.
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Old 02-06-2023, 09:09 PM
 
4,660 posts, read 4,126,014 times
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Quote:
Originally Posted by herenow1 View Post
Yet in the last 40 years there is been a huge rise in wealth in Asia. Plus within the next 10 yeas China economy will surpass the USA. India on the other hand is expected to overtake the UK in being the 4th largest economy in a few years.

Plus there is a massive rise in Middle Class in Asia. Between 2020 and 2030, the middle-class population in Asia Pacific is forecast to swell from 2.0bn to 3.5bn people https://www.cushmanwakefield.com/en/...bal%20growth1.
China's economy will never surpass the US, and I would have thought everyone would have figured that out by now.

It was supposed to happen in 2008, but then the excuse the was the great recession. It was bumped up to 2016...then there was another excuse...can't remember it. Then 2020...didn't happen.

Now it is supposed to be 2035. There is a lot of time for excuses in there.

This is now being projected to happen 27 years...let me repeat...27 years after initially forecasted.

It isn't going to happen. Ever. Especially now that theier population is officially in decline, and we keep growing ours though immigration.

It is just plain foolish to believe this rubbish, now.
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Old 02-06-2023, 11:57 PM
 
Location: Taipei
8,871 posts, read 8,457,979 times
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It's only larger by PPP which is a joke metric.
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Old 02-07-2023, 12:42 AM
 
Location: Phoenix
30,437 posts, read 19,211,902 times
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Asia has over half of the world's population so they should have something around that as a % of global GDP. Africa is now the only continent that is not producing a GDP anywhere close to its population.
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Old 02-07-2023, 12:43 AM
 
2,973 posts, read 1,977,970 times
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DEPENDS if you use Nominal or PPP:

NOMINAL
ASIA: 41%
NORTH AMERICA: 28%
EUROPE: 23%
REST OF THE WORLD: 9%

PPP
ASIA: 48%
EUROPE: 21%
NORTH AMERICA: 20%
REST OF THE WORLD: 12%
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