From UBS via Meb:
In the last two decades, the Chinese economy has overtaken the US in PPP, while India’s is now as large as Germany, France, and the UK combined. Of the world’s 20 largest economies, emerging nations now outnumber developed nations. And while the US has impressively doubled the size of its economy, China has done better, growing sixfold.
Thinking Strategically About Emerging Markets
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