Thursday, June 4, 2015

The Shifting Center Of Global Economic Activity

Tim Taylor summarizes a McKinnsey study of global economic growth.  The center shifted from Asia to Europe in the mid ages. This resulted from warfare and disease in Europe decreased the population and increased the ratio of arable land per capita.  The industrial revolution increased the gravitational pull of Europe and the US, but the industrial revolution has shifted to China and India which will become the next center of global activity.

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