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One person's look at the decade's world markets. Developing nations have been emerging while more established economic markets in the west have declined:
During the Noughties, while the emerging markets grew more sporadically than the West, their average growth rate was much higher. The developed world grew by 2.1 pc a year over the last 10 years, while the emerging markets expanded 4.2pc. In 2010, those numbers will be 1.3pc and 5.1pc, according to the International Monetary Fund, with the same "West-to-East" trend extending deep into this new decade.
Between 2011 and 2014, the developed world's economies will grow 2.5pc a year on average, says the IMF, while the emerging markets will expand 6.4pc. Consider also, that the Fund has a long track record of overstating future Western performance, while underestimating the rate at which the emerging markets grow.
Back in 1990, the "advanced" nations – effectively Europe, the US and Japan – controlled around 64pc of the global economy, as measured by gross domestic product. They now control 52pc – a huge loss of economic influence in a very short period of time. Most of that shift happened during the last 10 years
Not so long ago, the US was the world's biggest creditor. It is now, by a long way, the biggest debtor. Other big Western economies have followed America, spending the last 10 years borrowing money from the Eastern economies to fuel irresponsible increases in public spending.
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I find this shifting of wealth disturbing,maybe it's more the fact it's our "wealth" that's getting shifted. Not that of the extraordinarily wealthy, they're just fine and getting better every day. It's the ever-narrowing faction that falls somewhere between middle-class and upper middle which used to be most of America.
Maybe it's only as basic as being disturbed at seeing America lose her economic power, it's place in the world as a land of opportunity. Now maybe not so much.