this post was submitted on 18 Apr 2022
11 points (92.3% liked)

Economics

1803 readers
9 users here now

founded 5 years ago
MODERATORS
[email protected]
11
The world economy has radically changed over the past decade. The Asian share of global GDP has risen from 35% to 44%, and is likely to exceed 50% by 2030. (www.worldeconomics.com)
submitted 2 years ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 4 points 2 years ago (1 children)

Yeah, people tend to conflate financial economy with real economy and the two things are not the same. What ultimately matters is whether countries are able to produce the things they need to meet the needs of their people. The west outsourced much of its production to Asia and put itself in a very vulnerable position by doing so.