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Changes!

Some Key Findings

The world order has changed, is changing...

In 1960, USA GDP represented 40% of global GDP (U.S. GDP was $543 billion and global GDP was

$1.367 trillion) ; By 2016 USA GDP represented 22% of Global GDP and is projected to reduce
to c 12% by 2050.

By 2050, 3 of the 4 countries with the biggest GDP will be from SE Asia (China, India and
Indonesia) There are already more millionaires in the Asia-Pacific region than in North
;
America. By 2033, 50% of all the world's air passenger travel will be inside or to or from SE

Asia.

...and the world order will continue to change

By 2050

 Africa is projected to have 20% of the worlds workforce

 these projections put Nigeria (14th), Egypt (15th) and South Africa (27th) highest in the
ranking of country GDP
*****

Africa will have an increasingly important role to play in world affairs
 54 of the 193 UN member states

 In the last decade
◦ more than 150 new embassies (Turkey 16, Qatar 12) were opened in sub-Saharan Africa

◦ more than 65 countries (Including India, Russia, Bulgaria, Serbia, Indonesia and Thailand)
significantly increased their overall trade with Sub-Saharan Africa - in some cases
doubling it.
 in recent years Russia signed 20 bilateral defence agreements with African states

Africa’s natural assets include:
 22% of the world’s land

 the largest reserves of precious metals

 60% of the world’s uncultivated cropland
 one of the most economically important fishing zones in the world, producing 4.5 million
tons of fish in 2000

*****

Africa’s Economy

 3 African states are classed by the World Bank as being in the ‘middle income’ group and 4
have a per capita income higher than Thailand

 2 African states have a higher per capita wealth than Malaysia and Thailand