By the Blouin News Business staff

Posts Categorized: Global Economy

The global economy’s tipping point in one chart

by in Global Economy.
Percentage of world GDP, Advanced economies vs Emerging markets, PPP basis

We may well look back on the coming year as an epochal one for the world economy. This chart, drawn from data, estimates and forecasts from the International Monetary Fund, shows that the share of the world economy, measured by purchasing power parity, accounted for by emerging markets and developing countries is expected to surpass for the first time that of the advanced nations during 2013.

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The $6 trillion heist

by in Global Economy.
GFI Illicit Capital Flight

If you were to steal, say, Sweden or Switzerland or Saudi Arabia, all economies with an annual GDP of around $600 billion, somebody would notice. And they’d likely do something about it. Especially if there was one such theft every year for a decade. Which would be the cumulative equivalent of tea-leafing Japan.¬†Yet that is what gets stolen from developing nations every year as the proceeds of crime, corruption and tax evasion get illegally spirited…

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