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> Here's the first Google result for [10 largest economies in 2050]: https://www.theceomagazine.com/business/competition/pwc-worl https://www.theceomagazine.com
by csomar 5y ago
> Here's the first Google result for [10 largest economies in 2050]: https://www.theceomagazine.com/business/competition/pwc-worl https://www.theceomagazine.com/business/competition/pwc-worl...
These numbers are PPP. With PPP, you already have China in number 1. PPP is very incorrect in comparing raw output. In my opinion, we are going to learn (the hard way) in the next few years that GDP is utter crap when comparing countries' power.
By GDP, a populous country can have a very large GDP because it has too many people doing too much around. But all they can be doing is making coffee and painting roofs. They have no technology and no important military installations. These countries cannot negotiate well, especially if they are tourism-driven (ie: Indonesia) and thus are very vulnerable to sanctions.
The only country that seems it can break off is China. All other countries will remain dependent on the West. Even more so when their economies grow larger. They are highly dependent and vulnerable.