When will China and India become the richest countries of the world?
Richest by what measure?
Both countries are growing quickly but still have hundreds of millions living in extreme poverty with likely worsening food and water security issues.
In terms of GDP per capita, they aren't likely to become richest in our lifetime.
You should pop oaver here to China and take a look, every year the progress is visually apparent. I would give it ten years at most but it depends on how fast the US sinks in its own debt and whether the US will manufacture another war in the interim period as another job creation scheme.
The latest figures from the US are that 10% of your population is below the poverty line. The difference between the two kinds of poverty are that in China they are all working hard to get out of it - and they are getting new opportunities every day - how do the US 'poor' get out of it?
I would say both countries is rich in it's own uniqueway. In resources? Or maybe culture. Rich in asset I don't think so.
by James Smith16 months ago
Are you sure it is not your own finances that you are most concerned with?
by pamij3 years ago
I am finding it hard to fathom that in 2013 we still have underdeveloped countries, where people starve from lack of food, must drink from contaminated water sources and live in substandard shelter. My question is why...
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