What are the biggest economies today and by 2050 ?

The chart above shows the world’s 40 biggest economies individually, but grouped by  into continents.

  • The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP.
  •  That’s compared to North America, which represents just over a quarter, at 27.95%.
  • Europe comes third with just over one-fifth of global GDP (21.37%).
  • Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.

Some other interesting insights

  • The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%). The economy of the United States is larger than the combined economies of numbers three to 10 on the list.
  • China follows, with $11 trillion, or 14.8% of the world economy. Although China trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared with America’s 1.6%, according to the IMF. China has also overtaken India as the fastest-growing large economy. The IMF’s World Economic Outlook estimated China’s economy grew at 6.7% in 2016, compared with India’s 6.6%.
  • Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy.
  • European countries take the next three places on the list: Germany in fourth position, with a $3.3 trillion economy; the United Kingdom in fifth with $2.9 trillion; and France in sixth with $2.4 trillion
  • India is in seventh place with $2 trillion
  • Italy in eighth with an economy of over $1.8 trillion.
  • Ninth place goes to Brazil, with an almost $1.8 trillion economy. Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so. 
  • In 10th is Canada, with an economy of over $1.5 trillion.  

What are the biggest economies by 2050 ?

  • A new study by PricewaterhouseCooper says that China will be in first place by 2050, because emerging economies will continue to grow faster than advanced ones.
  • India will rank second, the US will be third, and fourth place is expected to go to Indonesia.
  • The UK could be down to 10th place by 2050, while France could be out of the top 10 and Italy out of the top 20 as they are overtaken by faster-growing emerging economies such as Mexico, Turkey and Vietnam.
  • The report also says that the world economy could more than double in size by 2050, far outstripping population growth, due to technology-driven productivity.

Source : Weforum.org

Citizens… Time To Tighten Your Belts

Generation Y

Raúl Castro will preside this January over his first parade, similar to the one shown here, without the shadow of his brother. (EFE / Archive) Raúl Castro will preside this January over his first parade, similar to the one shown here, without the shadow of his brother. (EFE / Archive)

14ymedio, Generation Y, Yoani Sanchez, 29 December 2016 – My generation knows no good news. We grew up with the grey subsidies of the rationed market, we reached puberty amid the rigors of the Special Period, we raised our children in a country with two currencies, and now they warn us that times of economic stress are coming. It appears there is no respite from this long sequence of disasters, collapses and cuts that we have suffered for decades.

This December the National Assembly of People’s Power acknowledged the negative numbers that reality made clear long ago: Cuba is not growing, production is not recovering, and the so-call Raulist reforms have not given citizens a better life. The island is heading toward the abyss…

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The Sales Play of the Day

Kyle Porter of SalesLoft tweeted his favorite sales play from today’s TOPO Summit. Sales plays are a repeatable process designed to acquire customers and turn them into advocates. Let’s look at the sales play of the day: Create specific content from lessons learned in the disco call. Conduct live (mid-sales cycle) value add workshops with multiple stakeholders. […]

via The Sales Play of the Day — David Cummings on Startups

How to face your Counterparts, from different country of origin ?

Every day, I have the chance to interact with people from different countries [mostly from U.S, Latin America, Europe and India] and this is true that some counterparts are more conflictual or more emotional. Most of the time, this is related to the culture from the  country of origin.

Being Belgian, we can easily navigate on different patterns. Within our very small country, we have two cultures : one is more Germanic [North of  Belgium with Flemish speaking people] and the other is more Latin [South of Belgium with French speaking people]. We are used in managing different cultures and languages in the same meeting.

Moving to an international function, it was clearly an asset as I’ve learnt so much from this pretty complex small country.

After some years in an international function, I’ve learnt much further on how to deal with different cultures and I still learn every day.

I like the chart below as this summarizes well the different patterns I had the chance to experience in terms of interaction with counterparts.

What is your experience and are you agree with the chart below ?