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China's economy will be biggest in world by end of 2016, says leading international thinktank

In particular, the OECD's projections for 2060 (at constant purchasing-power parities) show the impact of fast catch-up growth in underdeveloped countries with big populations. Economic power will tilt even more decisively away from the rich world than many realise. In 2011 the current membership of the OECD made up 65% of global output, compared with a combined 24% for China and India. By 2060 the two Asian giants will have a 46% share of world GDP, the OECD members a shrunken 42%. India's economy will be a bit bigger than America's, China's a lot.

"Brazil has announced that it will cancel or restructure almost $900m (£600m) worth of debt with Africa. Oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia are among the 12 African countries to benefit. The move is seen as an effort to boost economic ties between the world's seventh largest economy and the African continent."

"Nicaragua's parliament is due to vote on Thursday on one of the biggest infrastructure projects in Latin America's history - a trans-oceanic canal that is to be built and run by a Chinese company. If it goes ahead, the $40bn (£26bn) scheme, which is twice as expensive as Brazil's Belo Monte dam and likely to be three times longer than the Panama canal, looks set to transform global shipping and jump start the economy of this Central American nation"

"SOMETIME in 2013 Lagos will overtake Cairo to become Africa's largest city. This is confirmation of a decisive shift away from the ends of the continent and towards its tropical middle. Within a decade Lagos will have 16m people; Kinshasa, in Congo, will have 15m. The standard view of cities as generators of wealth, diversity and ideas will be challenged in Africa. To become liveable, cities will have to improve public transport, address rising violent crime and generate opportunities for young Africans. In 2013, over half of all city-dwellers will be under 18 and every African election will be decided, statistically at least, by first-time voters. What is certain is that African cities will be the most informal economies in the world in 2013. Some 70% of workers will live on their wits, relying on day labour to make enough to eat, pay rent and send their children to school. That will make cities dynamic and mobile, but also combustible. See full article."

A US intelligence portrait of the world in 2030 predicts that China will be the largest economic power, climate change will create instability by contributing to water and food shortages, and there will be a "tectonic shift" with the rise of a global middle class.

In the last 50 years of the 20th century, the Western economies came together because they were leading the growth process. Now there has been a paradigm shift

"As online shopping explodes in Britain, helping to push traditional retailers such as HMV out of business, more and more jobs are moving from high-street shops into warehouses like this one. Under pressure from politicians and the public over its tax arrangements, Amazon has tried to stress how many jobs it is creating across the country at a time of economic malaise. The undisputed behemoth of the online retail world has invested more than £1bn in its UK operations and announced last year that it would open another three warehouses over the next two years and create 2,000 more permanent jobs. Amazon even had a quote from David Cameron, the prime minister, in its September press release. "This is great news, not only for those individuals who will find work, but for the UK economy," he said."

"The west has in recent years undergone a prolonged and painful financial crisis. In contrast, much of Africa has experienced relatively more rapid economic growth. While there are questions about the environmental impact, sustainability and quality of Africa's growth, what accounts for these different economic trajectories? Part of the explanation lies in the growth of the Brics (Brazil, Russia, India, China, South Africa) economies. These are largely responsible for higher African economic growth through increased demand for primary commodities and investment in mining, infrastructure and other sectors. They are also changing the nature of globalisation."

"t has been announced today that the UK and China have agreed a £45m pig semen export deal. That's a figure not to be sniffed at. Selling our pigs' semen to the world's biggest pig producer would be a boost to British exports and good for our country's economy. What isn't touched on in coverage of the deal is the welfare aspect. What conditions will the resulting pigs be kept in, in China? It raises the ethical discussion that comes up time and time again: just because we can do something, does that mean we should?"

Very clever gaphic. Can you spot interesting examples of how Developed economies help pooere countries.

personal space in a city

London's demography and economy, borough-by-borough LONDON'S main geographical divides are between west and east and between the outer and inner city. The west is richer than the east, and the outer city is richer than the inner city.

If you have 5 mins read this ...... am i going mad. This is ludicrous

Read this............. then get as angry as i did