Fast Forward to the Future

THE GLOBAL SHIFT

The current global shift in economic power began relatively quietly about midway through the last century, as the United States’ share of GDP began what has been a continual decline from its high of 27 percent in 1950 to just fewer than 20 percent in 2012, according to the International Monetary Fund (2013). You might have missed the trend; many did, especially as investments in new technologies fueled the dot-com driven economic upturn of the 1990s. While the emergence of economic markets in the BRICS countries (Brazil, Russia, India, China, and South Africa) along with places like Mexico and South ...

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