Oxford University Press's
Academic Insights for the Thinking World

  • Author: Harinder S. Kohli

What will happen to global economics in the next 34 years

Before looking forward to 2050, we must first look back at the key economic and social developments during the past half a century, and perhaps look even further back than that. The rapid rise of emerging economies during the last 50 years is truly astounding in the long-term historical context. Developing economies now account for over half of the global output (55%, in PPP terms).

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