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Tag Archives: London School of Economics

The World Economy goes East: should the West get hysterical?

Danny Quah of LSE has a new article “The Global Economy’s Shifting Centre of Gravity“. Here’s the shift, where black dots denote the easterly shift that has already happened 1980-2007, and red dots the projected shift 2010-2049:

[CORRECTION: I got the following paragraph wrong {the original in brackets}: {The future shift extrapolates current trends. This is iffy given how individual country growth is mean-reverting, but I will leave that for another…

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