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In the short term, the financial crisis won't affect America's position at the top (after all, it currently spends as much on its armed forces as the rest of th
by cabalamat 18y ago
In the short term, the financial crisis won't affect America's position at the top (after all, it currently spends as much on its armed forces as the rest of the world combined).
In the long term? According to the IMF in 2007 The USA's GDP was 13.84 T$ whereas China's was 3.25 T$. If China's economy grows at 6% faster than the USA's (i.e. 9% versus 3%) they will surpass the USA in GDP in 2031.