HSBC had a 42 page report that had their view of the world in 2050 The report identifies the Top 100 economies by size.
The ranking is based on an economy’s current level of development and the factors that will determine whether it has the potential to catch up with more developed nations. These fundamentals include current income per capita, rule of law, democracy, education levels and demographic change, allowing us to project forward GDP to 2050. We assume that policymakers will continue to make progress in addressing economic flaws and that they avoid wars and remain open to global trade and capital. Of course, some of our bold assumptions may not turn out to be accurate.
They highlight the following:
* The striking rise of the Philippines, which is set to become the world’s sixteenth-largest economy, up 27 places from today.
* Peru could sustain average growth of 5.5% for four decades and jump 20 places to twenty-sixth. Chile is another star performer in Latin America.
* Massive demographic change: in 2050 there will be almost as many people in Nigeria as in the United States, and Ethiopia will have twice as many people as projected in the UK or Germany. The population of many African countries will double
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The ranking is based on an economy’s current level of development and the factors that will determine whether it has the potential to catch up with more developed nations. These fundamentals include current income per capita, rule of law, democracy, education levels and demographic change, allowing us to project forward GDP to 2050. We assume that policymakers will continue to make progress in addressing economic flaws and that they avoid wars and remain open to global trade and capital. Of course, some of our bold assumptions may not turn out to be accurate.
They highlight the following:
* The striking rise of the Philippines, which is set to become the world’s sixteenth-largest economy, up 27 places from today.
* Peru could sustain average growth of 5.5% for four decades and jump 20 places to twenty-sixth. Chile is another star performer in Latin America.
* Massive demographic change: in 2050 there will be almost as many people in Nigeria as in the United States, and Ethiopia will have twice as many people as projected in the UK or Germany. The population of many African countries will double
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