What a coincidence that I read about this OECD study from the developing world:

The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world.

This is big stuff. It’s the OECD announcing that in 20 years time, it will no longer represent a powerful group of countries. Or at least not the most powerful.

Sitting here and writing this I don’t see it as unlikely at all. Only one thing can stop it – and that is the economy of developing countries overheating and crashing. This would have profound effects if it were to happen.

economics