Global Shift refers to the massive and complex shift in global economic power from the West to the East. … We live in a world of economic and political turbulence. The nature of that world, its dynamics and transformation, have profound implications for every aspect of our lives.
What is the concept of the global shift?
Global shift is the relocating of the global economic centre of gravity to Asia from Europe and North America, over the last 30 years. This has particularly involved: The shift of manufacturing jobs from Europe, Japan and North America to China.
Where has the center of the global economy shifted?
Extrapolating growth in almost 700 locations across Earth, this article projects the world’s economic centre of gravity to locate by 2050 literally between India and China. Observed from Earth’s surface, that economic centre of gravity will shift from its 1980 location 9,300 km or 1.5 times the radius of the planet.