1) I do not idolize developed countries and do not dislike developing ones.
2) Agree with the concept of 'rise of the rest'.
3) But I disagree, that in EM the same GDP p.c. is possible., as in DM.
Ie. I am generally optimistic.
But sometimes some predictions are shocking.
Below are predictions from GS. Note the 20-year GDP CAGR for China and others.
Я уж подумал, that they just laid a crazy revaluation in the forecasts.
Turns out, what is not weak, but intelligible.
Что такого?
The fact, what is supposed, that the following 20 years will be better than previous 30.
Вам не кажется, it's unlikely.
At the expense of:
and) comparison base effect, it's easier to grow from zero.
b) need for quality, not quantitative growth.