I am in South America this week, giving keynotes at the sCRM-CEM y Redes Sociales conference in Bogota and the Congreso Internacional de Retail in Lima.
Latin America is a fascinating and exciting region, both culturally and economically. However the region, while highly visible in North America, does not tend to get much attention from the rest of the world.
The dramatic economic rise of China is a dominant theme of this century, with India likely to gain ground on China in coming decades due to demographic shifts. This is drawing pointed attention from business executives around the world to Asia as a growth region. However to a certain degree the rise of China and India, and that of the rest of Asia, are distinct stories.
This first chart shows GDP of the major developing countries in Asia and Latin America (excluding Japan, Taiwan, and South Korea as established economies that are growing more slowly or not at all). China completely dominates in the extent and consistency of its growth. Considerably behind is Brazil, the second of the BRICs, followed by India.
GDP – large developing countries in Asia and Latin America – all
Source: World Bank
Read more →