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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."

"China's admission to the Arctic Council reflects the Arctic's natural resources becoming a top priority for world powers"

"Ghanaian authorities have arrested 124 Chinese citizens for illegal gold mining in the resource-rich west African country, highlighting the social and environmental challenges posed by China's growing presence on the continent."

"This year the world will eat 112m tonnes of pork. Around half will be munched in Chinese mouths, according to the Agricultural Outlook report from the FAO and the OECD, a rich country club. The Chinese have been the world's biggest meat-eaters for over two decades. Pork is their favourite: each person scoffs about 38kg a year, compared with 28kg swallowed by Americans. "

"The world's wealthiest people aren't known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe - who between them control as much wealth as the poorest half of the global population put together - could squeeze onto a single double-decker. The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world's population."