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Population Dynamics: How Asia’s Face is Changing

In: Asia Future Shock

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  • Michael Backman

Abstract

The EIU estimates that, in 2020, China will be the world’s largest economy on a PPP basis, with a GDP of US$29,590 billion, while the US will be in second position at US$28,830 billion. But China will be a long way short on a market-based exchange rate basis — US$10,130 billion compared with the US at US$28,830 billion. India will be the world’s third biggest economy on a PPP basis, with a GDP of US$13,363 billion, and fourth biggest on a market-based exchange rate basis at US$3,228 billion.1 Figures as large as these are mind-boggling, almost to the point of being meaningless.

Suggested Citation

  • Michael Backman, 2008. "Population Dynamics: How Asia’s Face is Changing," Palgrave Macmillan Books, in: Asia Future Shock, chapter 1, pages 1-12, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59242-1_1
    DOI: 10.1057/9780230592421_1
    as

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