Picturing Globalization

Fortune's Barney Gimbel has a nice article about the global slowdown, but his chart amazes:

I notice ...
1. Net China growth roughly equals U.S. growth (don't get fooled by percentage rates).
2. The BRICs are an illusion, especially R. Only China is a game-changer at this point in time.

Comments

[Jared]

I confess I had to turn to Wikipedia to find out what a BRIC was (Brazil, Russia, India, and China) and found this quip particularly amusing:
"In a not-so-subtle dig critical of the term as nothing more than a shorthand for emerging markets generally, critics have suggested a correlating term, CEMENT (Countries in Emerging Markets Excluded by New Terminology). Whilst they accept there has been spectacular growth of the BRIC economies, these gains have largely been the result of the strength of emerging markets generally, and that strength comes through having BRICs and CEMENT."

[Charles Johnson]

Look at the light blue! Guess we really are services economy.