The National Intelligence Council, a group of senior intelligence analysts who report to the CIA Director have a new report on future global trends.
China and India are likely to be among the leading beneficiaries of globalization, in part because of their low-cost labor and high technology capabilities. Many of their people, however, will remain poor.
“A combination of sustained high economic growth, expanding military capabilities and large populations will be at the root of the expected rapid rise in economic and political power for both countries,” the report said.
By 2020, China’s gross domestic product, the total value of goods and services, will be greater than that of any Western country except the United States, and India’s GDP will have overtaken or will be about to overtake European economies.
Led by China and India, Asia “looks set to displace Western countries as the focus of international economic dynamism – provided Asia’s rapid economic growth continues,” it said.[Report: India, China will be major powers in 2020 (requires bugmenot)]
The full report is available online.