Nextbigfuture described a future where China helps build out the infrastructure that the rest of the developing world needs over the next few decades. The shortfall of infrastructure is lowering the potential GDP growth by 2-3% in many countries. An extra 2% GDP growth globally would accelerate the arrival of a world with a quadrillion dollar economy measured in todays dollars. Good policies and accelerating the adoption of key technology can bring forward a better world economy by decades.
The World economy is currently about $106 trillion in GDP purchasing power parity (PPP). This is about $15000 per person in PPP dollars.
China is leveraging its $4 trillion in reserves to provide low interest financing for high speed rail, export of Chinese nuclear reactors, factories and property development.
Education, energy, urbanization and innovation are the main keys.
Google could provide high speed global internet over the next few years with long endurance stratospheric balloons. This could boost the world economy by 22 trillion by 2030.
Robert Fogel, nobel prize winning economist has projected China to have 123 trillion GDP in 2040 China's share of global GDP -- 40 percent -- will dwarf that of the United States (14 percent) and the European Union (5 percent) 30 years from now. So World economy Nobel Prize winning economist Robert Fogel is projecting a world economy of $307 trillion in 2040. This prediction is that the world economy will triple in 25 years. A further tripling afterwards would have a world economy of $900 trillion around 2065.
The average per capita wealth would be $100,000 on a PPP basis for each of about 10 billion people. This would be an economy ten times bigger than today.
IMF data indicates that on a purchasing power parity basis the world economy became a $100 trillion economy in about 2013. The same data series indicates that the world economy was about 10.95 trillion in todays PPP dollars in 1980. This would mean that the world had a ten trillion economy in about 1975.
The Maddison world GDP estimates would put the ten trillion world economy in todays PPP dollars at about 1965. The Maddison world GDP estimates would put the one trillion world economy at about 1850.
World population today is 7.23 billion
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Shanghai skyline Dec 2014
World population in 1975 was 4.0 billion
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New York Skyline in 1975
World population in 1850 was about 1.26 billion.
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New York and Brooklyn in 1850
World population in 2070 would be about 10 billion. It could be 11 billion based on Africa birthrate sustaining at a higher rate longer than previously expected.
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The World economy is currently about $106 trillion in GDP purchasing power parity (PPP). This is about $15000 per person in PPP dollars.
China is leveraging its $4 trillion in reserves to provide low interest financing for high speed rail, export of Chinese nuclear reactors, factories and property development.
Education, energy, urbanization and innovation are the main keys.
Google could provide high speed global internet over the next few years with long endurance stratospheric balloons. This could boost the world economy by 22 trillion by 2030.
Robert Fogel, nobel prize winning economist has projected China to have 123 trillion GDP in 2040 China's share of global GDP -- 40 percent -- will dwarf that of the United States (14 percent) and the European Union (5 percent) 30 years from now. So World economy Nobel Prize winning economist Robert Fogel is projecting a world economy of $307 trillion in 2040. This prediction is that the world economy will triple in 25 years. A further tripling afterwards would have a world economy of $900 trillion around 2065.
The average per capita wealth would be $100,000 on a PPP basis for each of about 10 billion people. This would be an economy ten times bigger than today.
IMF data indicates that on a purchasing power parity basis the world economy became a $100 trillion economy in about 2013. The same data series indicates that the world economy was about 10.95 trillion in todays PPP dollars in 1980. This would mean that the world had a ten trillion economy in about 1975.
The Maddison world GDP estimates would put the ten trillion world economy in todays PPP dollars at about 1965. The Maddison world GDP estimates would put the one trillion world economy at about 1850.
World population today is 7.23 billion
World population in 1975 was 4.0 billion
World population in 1850 was about 1.26 billion.
World population in 2070 would be about 10 billion. It could be 11 billion based on Africa birthrate sustaining at a higher rate longer than previously expected.
Read more »
