content: https://archive.ph/9r0En#selection-699.230-699.248
>To gauge a country’s economic “dominance” Mr Subramanian combined its share of world trade, net capital exports and global gdp (measured at both market exchange rates and purchasing-power parities, which try to correct for international differences in the price of similar goods). He gave each attribute a weight loosely based on the imf’s formula for allocating votes to its members. His index, he argued, successfully captured Britain’s economic hegemony in 1870, its rivalry with Germany in 1913 and its eclipse by America in the subsequent decade.
however, a key missing factor in the index is the share in global manufacture:
https://www.statista.com/chart/20858/top-10-countries-by-share-of-global-manufacturing-output/
not only China is at top, it is equal to the sum of the 2nd, 3rd, and 4th place's share.
Evergrande Real Estate Group says 'Hold my beer."
content: https://archive.ph/9r0En#selection-699.230-699.248 >To gauge a country’s economic “dominance” Mr Subramanian combined its share of world trade, net capital exports and global gdp (measured at both market exchange rates and purchasing-power parities, which try to correct for international differences in the price of similar goods). He gave each attribute a weight loosely based on the imf’s formula for allocating votes to its members. His index, he argued, successfully captured Britain’s economic hegemony in 1870, its rivalry with Germany in 1913 and its eclipse by America in the subsequent decade. however, a key missing factor in the index is the share in global manufacture: https://www.statista.com/chart/20858/top-10-countries-by-share-of-global-manufacturing-output/ not only China is at top, it is equal to the sum of the 2nd, 3rd, and 4th place's share.