You can’t live your life, writing your Life plan without having in consideration that the today world economy is on the edge of an unbelievable change. Some people can notice that the « Rich West » is struggling for survive: the unemployment rate is increasing, the economic growth seems to sleep despite ambitious action and decision from each Government in the developed world. The crisis is one of the causes but what is the underlying cause of this disease ?
Danny Quah, a professor at the London School of Economics, has calculated the economic centre of gravity of the world by using GDP as a measure of the mass or weight of a country and thinking of a world map as a physical object. In his calculations, the centre of gravity in 1980 was in the Atlantic Ocean. Today the centre of gravity is over the Middle East. But four decades from now, it will be on the border of India and China. From the perspective of countries in the Middle East, it is natural to shift focus from declining advanced economies toward Asia.
In the video below, Historian, diplomat & well-known thinker Joseph Nye gives us the 30,000-foot view of the shifts in power between China and the US, and the global implications as economic, political and « soft » power shifts and moves around the world.
By Anthony Brevet, Founder of LiveSharp blog
Quoted text by Antonio Fatas and Ilian Mihov, professors of economics at Insead in Paris.
To learn more about this fascinating subject:
A book & a post: http://www.guardian.co.uk/world/2012/mar/25/china-rise-ignorance
A short & shock video: http://www.youtube.com/watch?v=4dCUw9rT-bI