Originally posted by maersk
yea, i can see india outstripping china in growth within 10 years. |
actually, we already have. the last quater of 2003 saw india have over
a 10% growth, and the first quater figures, which have finally come
through, posted a growth rate above seven.
China and India are the top dogs for the job. historically, they've
always had a high output. just before european imperealism started,
india and china accounted for about 50% of the economic output, and
about 30-40% of the worlds population.
Economies tend tend to work in cycles, and i think that we are nearing the age of china and india once again.
people keep on talking about brazil, but frankly i know nothing about
hte brazilian economy, can someone post some details about them (i've
always had an interest in brazil, but never acutally took it further
than words, so no time like the present i guess).