Wednesday, September 20, 2006

China, India and the US: The changing balance of economic power

This graph, from the Wall Street Journal and highlighted by Greg Mankiw, does a brilliant job of highlighting the extent to which the US displaced the older economic powers which are now experiencing a renaissance of economic power rather than a first taste of it.

The inclusion of Europe would answer the obvious question of who was relatively declining and then improving relative to the three nations in this study before and after World War II.

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