Drysdale, Peter; Willis, Sébastien - East Asian Bureau of Economic Research (EABER) - 2013
industrial revolution towards the end of the eighteenth century, Europe and North America each in turn came to dominate the world … economy and global power. Now economic weight is shifting towards population weight due to convergence in productivity. Asia … economy and political power. In the last twenty five years the economy of China, a nation of 1.3 billion, has grown by a …