Most forecasts now predict a rapid rise in world output accounted for by developing nations such as China,India,and South Korea,and a relative decline in the share enjoyed by rich industrialized countries such as Britain and the United States.

Question

Quizplus · Accepted Answer

As emerging economies such as China,India,and Brazil continue to grow,a further relative decline in the share of world output and world exports accounted for by the United States and other long-established developed nations seems likely.

Most Forecasts Now Predict a Rapid Rise in World Output