Quote (Black XistenZ @ 16 Nov 2022 03:51)
Over the coming decades, Europe will lose ground relative to the strongest non-Western countries like South Korea, Taiwan, Singapore, China, Canada or Australia. Whether they will actually lose ground to the US remains to be seen. And even if places like India or Brazil will close the gap, it will remain very wide. None of us will live long enough to see the day when living in Brazil, India, Tanzania or Mexico will be preferable for the average citizen to life in declining Europe.
Taiwan is still in an unstable position. If you notice, their GDP is expected to surpassed " Japan and South Korea " this year
Source
https://www.taipeitimes.com/News/front/archives/2022/10/14/2003787002That being said TMSC and other semi conductor industry constitutes up to 15% of Taiwan'S GDP.
This is going to disappear.
Furthermore her GDP suddenly increased sharply for the past couple of years since Covid19. This is very abnormal.
China is growing but it will slow down due to her trade war with USA and her allies and we still have to wait and see.
Singapore is going through slow growth, but since she is playing both sides, she will be very stable as it is for the past 30 years.
Canada, I don't see it.
Australia depending on her foreign policy we can see a rebound.
South Korea and Japan are going through some of their toughest time now.
As for Japan, she haven't really rebound since the 1990s ( I think we all know why).