Global Economics Southwards Shift
This article is reprinted from the Shanghai-based The China Academy. As the countries of the Global North have faced prolonged declining economic growth, countries of the Global South, especially in Asia, have displayed a higher economic growth trajectory over the past thirty years. As can be seen in Figure 39, at the end of the Cold War in 1993, the Global North accounted for 57.2% of the global GDP (PPP), […]