Obviously Taiwan and South Korea are going to slow down in their growth since their economy has matured. They are both countries that are more developed than a lot of their Asian neighbors.
That being said, Koenkai, I am pretty sure their income is not higher than Europe...even including eastern Europe.
Depends whether we're adjusting with PPP or not. If we adjust with purchasing power parity, Taiwan is nustled with Germany, Belgium, and Denmark. While South Korea is slightly above the EU average.
And you would think their growth would slow down because of their demographic problems. But Citibank doesn't think so. Taiwan especially won't, simply because proximity to the mainland gives it huge opportunities.
I was talking about current events obviously. And in any case I wouldn't trust projections to 2050.
