Friday, July 01, 2011

The 10 Countries That Will Dominate World Trade by 2050

From Business Insider

Despite a 20% decline during the financial crisis, world trade is expected to increase from 61% of global GDP in 2010, to 86% in 2050, according to a new report by Citigroup.
Trade is defined as the combined value of both imports and exports in a country, including both goods and services.
More significantly, trade is set to transform with most growth coming from emerging markets. China will be the world's biggest economy by trade as early as 2015, and developing Asia will become the world's largest regional trade corridor in the same period.
These projections however hinge on GDP growth, improved productivity, rising incomes and the fewer protectionist measures.
Note: According to the report, emerging markets include Hong Kong, Singapore, Korea, Israel and Slovenia as well.

No comments: