There is an OECD world economic projection out to 2060. It has China and India getting far stronger economically but predicts that China will not do better than 50% of US GDP PPP per capita in 2060. India stays below about 35% of US GDP PPP per capita. Indonesia is projected to get to about 42% of US GDP PPP per capita. South Korea today is already at 70% of US GDP per capita and the 2060 projection is South Korea stalls at 85 fo US GDP per capita.
This projection assumes that most of the development catchup ends around 2040.
It also assumes that there is slowing technological improvement and slowing GDP growth around the world.
The report only talks about financial and policy restructuring and tax increases to cover increasing health costs.
NextBigfuture think this scenario will not happen. There will be big developments with AI, biotech, nanotech, robotics, space and other technoloies which will boost productivity and growth.
The Long View: Scenarios for the World Economy to 2060
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.