News Snapshot:
9. Germany 10. UK Where did the West go? The report says simply: today's developing markets will be tomorrow's economic superpowers. Outside of the top 10, Vietnam, the Philippines and Nigeria will be the biggest movers in the rankings. The report compares the E7 (emerging economies) with the G7. In 1995, the E7 were half the size of the G7; by 2015, the E7 had drawn level; by 2040, the E7 could be double the size of the G7. A Rip Van Winkle "go to sleep and dream away the future" approach won't work. In his recent speech to Congress,...
