Quote of the day

“The first half of the 21st century will be an era of transition. The G7 nations, which produce half of global economic output, will by 2050 make up less than a quarter. This shift is unparalleled since the Industrial Revolution first wrenched economic leadership from the East towards Europe.

The sort of economy to prosper through this transition will be flexible and open.”

Financial Times 29. December 2014

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