Thursday, May 08, 2008

It's not the US that's been in decline

Almost shocking. Quote pulled from Instapundit: "U.S. share of global economic output (on a purchasing power parity basis) has declined very slightly over the past twenty years – from about 21% to about 20%. But what has really happened over this period has been the rise of China and the rest of non-Japan Asia at the relative expense of Western Europe and Japan."

No comments: