Analysis: Shift of wealth from West to East is overstated

03/1/2010 | Economist (free content), The

The idea that the world's economic power is gravitating toward Asia is well established, according to The Economist, and many people think, incorrectly, that the movement was accelerated by the financial crisis. "The shift in economic power from West to East can be exaggerated," according to The Economist. "Thanks partly to falling currencies, Asia's total share of world [gross domestic product] ... has actually slipped, from 29% in 1995 to 27% last year."

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Economist (free content), The

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