The crisis pushed the West out of the throne
For the first time in a long time, the balance of the world economy tends towards the East. Analytical Center of Economics and Business (CEBR), located in London, believes that even as early as in 2008, the total weight of the United States, Canada and Europe in the global GDP was less than half (49.4%), and three years will fall to 45%.
Not so long ago the figure was about 60%. As “RBC daily” writes, the first time since the beginning of the industrial revolution in the XIX Old and New Light will yield the palm to developing countries led by China.