Not just China: Goldman Sachs predicts another country to surpass US economy in the next 50 years (user search)
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  Not just China: Goldman Sachs predicts another country to surpass US economy in the next 50 years (search mode)
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Author Topic: Not just China: Goldman Sachs predicts another country to surpass US economy in the next 50 years  (Read 1098 times)
buritobr
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« on: July 11, 2023, 03:44:14 PM »

1890-2013 was a "small" period in the history in which neither China nor India had the world's biggest GDP. Since these countries have so big population, it's easy to expect that they have the biggest GDP, even if they don't have the biggest GDP per capita. In 1890-2013, China and India didn't have the biggest GDP because the western world had a much much higher GDP per capita.
https://www.youtube.com/watch?v=4-2nqd6-ZXg
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buritobr
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« Reply #1 on: July 12, 2023, 03:27:33 PM »

There were those forecasts in the 1950s which said that one day the USSR would have higher GDP than the USA and those forecasts in the 1980s which said that one day Japan would have higher GDP than the USA.

On the other hand, in the last 30 years, we could see those forecasts made by the Mises fan club which said that the "prosperity of China is fake" and that one day China will have a big crash. Years and years passed, and this day still didn't arrive yet.
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