There are weaknesses in some of the growth stories. China's population is ageing and India's schools are rotten. Perhaps the emerging world won't continue to motor along at nearly three times the rich world's pace. Maybe it will take a little longer than 2040 to fulfil Goldman Sachs's prediction that the world's ten biggest economies, using market exchange rates, will include Brazil, Russia, Mexico, India and China. But these are arguments about when, not whether, change will happen. And things could speed up: even the rosiest predictions underestimated Asia's ability to recover from its 1997 financial crisis.
基于1个网页-相关网页
应用推荐