2012: Inflection point when 'developed' economies decline to become 'undeveloped'. It is time for China and India to redeem the position they held 300 years ago.
Source: The Economist, Nov. 19, 2009, Aug. 16, 2010 Data compiled by Angus Maddison, an economist who died earlier this year, suggest that China and India were the biggest economies in the world for almost all of the past 2000 years. Why they fell so far behind may be more of a mystery than why they are currently flourishing. http://www.economist.com/node/16834943
May 15, 2012