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Tiger economies
China und Indien boomen weiter

Which is the main global economy?

China remains the predominant world economy after the US. Most economists, however, estimate that China's economy will have outstripped the US by 2020. In the US, as growth slows, estimates show the economy roughly doubling in size by 2020, while China's will almost triple. India, now fourth after Japan, looks set to become the third largest economy in terms of GDP measured by PPP (purchasing power parity).

Demographics

China's one-child policy has successfully curtailed population growth, whereas India has experienced a population explosion over the last few decades. If growth continues in this way, India's population may one day be larger than China's, a situation which could turn all economic forecasting on its head.

Modern technology permits activism

The spread of modern technological gadgets such as smartphones, as well as instant access to social networks such as Facebook and YouTube, has meant that information is spread more freely every year. Recent changes across North Africa and the Middle East have undoubtedly been aided by the use of such technology. China, once a fairly successful suppressor of 'activist' information, is now finding it harder to prevent this access. So, unforeseen events could still impede economic growth, allowing other 'tigers' to take up a stronger economic position than can be imagined today. The race is on.

Internet tip!
To learn more about IBSA, the cooperation group that consists of India, Brazil and South Africa, watch the video on YouTube produced by the Government of India here.

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