Working Paper - IS THE WEST DECLINING OR IS THE EAST RISING?
Foreword
Is the West really declining or what we’re actually seeing is a rebalancing, as the East reassumes the kind of economic significance its population size demands? Western countries have only really been in the ascendant for a handful of centuries, whereas countries like China and India have been economic juggernauts for most of their long histories with China being until the 16th century the world’s dominant economy.