The West versus the Rest: Will Diminishing Western Power Unleash War?

in #finance7 years ago (edited)

How do civilizations compare economically? Dividing up the world into roughly nine civilizations,¹ we can sum their member nations’ gross domestic product (GDP). This allows us to track a civilization’s share of the global economy over time.

Economists have long questioned the use of GDP as a financial measure, but in this study I only look at relative differences. I define economic power as a relative advantage that one party holds over others.

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