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How did this happen ? June 3, 2006

Posted by Sharath Rao in economics, geo-politics, history.
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“In 1450 A.D., India and China together accounted for 75% of the World GDP. America wasnt discovered and Europe was primitive. In 1950, Europe and the US accounted for 75% of World GDP and India and China made for a paltry 7%. In 500 years, the tables had turned. And now, its turning again…”

Exciting lecture by Clyde V. Prestowitz, Jr., President, Economic Strategy Institute (ESI), Washington D.C. – you can listen to it here.

Also perhaps read this article here – by Clyde again.

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