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The Global Shift

Thursday, October 3, 2013

The current global shift in economic power began relatively quietly about midway through the last century, as the United States’s share of gross domestic product began what has been a continual decline from its high of 27 percent in 1950 to just less than 20 percent in 2012, according to the International Monetary Fund. 

You might have missed the trend; many did, especially as investments in new technologies fueled the dot-com driven economic upturn of the 1990s. While the emergence o

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