Why China and Indias Economic Growth Surpassed America

http://blogs.mccombs.utexas.edu/mccombs-today/2010/04/the-new-cia-china-india-and-america-and-the-global-trade-outlook/#more-5186
We are at a strategic inflection point, a time in the life of a business (or country) when its fundamentals are about to change, says John Doggett, senior lecturer in management at McCombs School of Business, The University of Texas at Austin.

Goldmans BRIC predictions were based on population growth, the rule of small to large numbers, which was previously ignored. As of March 2010, 42 percent of the worlds population are in BRIC, 22 percent of the worlds land mass and 24 percent of global gross domestic product. This is $2.2 trillion larger than Americas GDP. By 2035, Goldman Sachs predicts that China will be the largest economy in the world and that India will be tied with America for second. How we react to this opportunity and our new competitors will affect the standard of living for future generations. This is the greatest possible time to be alive and be a businessperson.

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