Manoj Ambat's Blog dealing with Defence, Foreign Affairs, Strategic Affairs and Politics

Bombay   Stock Exchange  ( Image credits- Wikimedia Commons / Elroy Serrao)  Source- The National Interest Author- Samuel Rines Will today’s five largest economies—China, the United States, India, Japan and Germany—maintain their places between now and 2030? Or will see a reshuffling? China has already passed the United States in terms of Purchasing Power Parity Gross Domestic Product (PPP GDP)—a method of measuring the relative purchasing power of a nation used throughout this piece. Granted, this is only one measure of wealth, and much of China remains poor, but it illustrates that measurement matters. By other measures, such as current dollar GDP, the United States is still the largest economy, and it is likely that U.S. economic dominance will continue. The United States has a few advantages in remaining a top economic power. Unlike China, the United States has already pivoted from manufacturing toward services, thereby reducing its reliance on exports for

Singapore Keppel Terminal ( Source- Wikimedia Commons / Credits- Calvin Teo) Source- The Diplomat Author- Anthony Fensom China’s slowdown may have rattled markets, but Asia is still expected to remain the world’s economic growth engine through the end of the decade, according to the Economist Intelligence Unit (EIU). In a July 29 presentation, Duncan-Innes Ker, EIU regional editor for Asia, said Asia stood out as the only economic region recording fast rates of growth, in stark contrast to the Eurozone’s woes, conflicts in Ukraine and the Middle East and stagnation in much of Latin America. According to the EIU, South Asia is expected to lead the pack with an average of around 7 percent annual gross domestic product (GDP) growth through to 2019, followed by China (over 6 percent) and ASEAN at 5 percent. In contrast, Latin America is forecast to post around 2.5 percent GDP growth, slightly ahead of the United States at over 2 percent and exceeding the Eurozone’s 1.