This Economist article shares OECD’s projections for 2060 of GDP per person (at constant purchasing-power parities). The predictions show the impact of fast catch-up growth in underdeveloped countries with big populations. Highlights:
- Economic power will tilt even more decisively away from the rich world than many realise.
- In 2011 the current membership of the OECD made up 65% of global output, compared with a combined 24% for China and India.
- By 2060 the two Asian giants will have a 46% share of world GDP, the OECD members a shrunken 42%.
- India’s economy will be a bit bigger than America’s, China’s a lot.
- Americans will increase their lead over the citizens of some developed countries like France and Italy.