Global power centers keep changing, something that has been evidenced multiple times in our history books. It’s usually a chaotic process, as current ruling powers don’t want to give in so easily. When it comes to power and prominence, the rules of our seemingly civilized world are quite the same as that of the jungle.
A shift of power is currently underway, wherein emerging economies are vying for the top spot. Very often, we wonder how the power centers will change in the coming decades. To get an idea, here’s a look at some of the most powerful countries that will rule the planet by 2050.
Brazil – This South American country is fifth largest in the world in terms of area. Manpower is not a problem, as Brazil is the seventh most populous in the world. Brazil is already counted among the emerging power centers and is an advanced emerging economy. For the last 150 years, Brazil has been the largest producer of coffee. Industrialization is also taking place in a big way. However, there are challenges in terms of crime, corruption and social inequality. By 2050, Brazil is expected to have GDP of $7.5 trillion in PPP (purchasing power parity) terms.
Indonesia – With businesses looking to diversify their investments, Indonesia has emerged as a viable alternative to China. A number of outsourced businesses have switched from China to Indonesia. If this trend continues, Indonesia can emerge as a world power by 2050. There’s no dearth of manpower, as Indonesia is fourth most populous country in the world. By 2050, Indonesia is expected to have GDP of $10.5 trillion in PPP terms.
United States – The current world leader, United States is expected to slide to third spot in global economy rankings by 2050. However, it may still retain its lead in technology and military might. United States has reached its peak and a slide is only natural. Some key challenges facing the country include federal budget deficit, illegal immigration, economic inequality and climate change. By 2050, United States GDP will be $34.1 trillion.
India – A lot of development is taking place in India, which coupled with ample foreign investment and easy availability of manpower, is helping boost India’s economy. The rising population and a large percentage being young adults is playing a key role in India’s economy. By 2050, India is expected to emerge as world’s second largest GDP at $44.1 trillion.
China – The world’s manufacturing hub, China is expected to be most powerful economy by 2050. A number of leading organizations such as United Nations, World Bank and European Union have also indicated towards China’s rising influence in world order. China has been making significant investments in boosting its military power, which again highlights its global ambitions. While challenges remain, most experts believe that China will be the new superpower by 2050. China GDP in 2050 is expected to be around $58.5 trillion.