Sunday, March 28, 2010

China Vs US - mirror images?

Sometime back, I had blogged about how China's rise over the last two decades more or less mirrored Japan's decline.

Now Economix points to a comparison of the changes in the shares of China and US GDP's relative to the world GDP. Similar pattern is evident, atleast in the rise in the share of China's GDP since the nineties.




Interestingly, the decline of Europe's share of world GDP is even more precipitious and continuous since the sixties. Since the nineties, India's share of the world GDP has been inching upwards. Taking cue from China's growth, India today looks like being at where China was at the beginning of the nineties.

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