Saturday, April 26, 2008
% of World GDP, By Country or Region
This chart illustrates that the rise of "BRIC" is really more about the rise of China. But that rise has come more at the expense of Japan than anyone else.
I personally believe that Washington is pushing the BRIC concept, and the G20 in general, as a strategic counterbalance to Europe. The Euro represents the only real currency threat to the dollar at the moment.
Source: United Nations Statistical Division - National Accounts