Interesting piece from the Washington Post:
Charles Kenny on the ‘Rise of the Rest’
“While the downsides
are limited, the upside to the United States of losing the top GDP spot is
immense. The country’s declining economic primacy is mainly a result of the
developing economies becoming larger, healthier, more educated, more free and
less violent. And there is little doubt the United States benefits from that.
Just over the past few years, for example, U.S. export markets in Asia, Africa
and Latin America have grown rapidly. Three-fifths of America’s exports go to
the developing world, and that suggests that about 6 million Americans are
employed providing goods and services to emerging markets. As the developing
world gets richer, it will import more — and create more jobs here”