English | دری

Asia to wield more global power than the US and Europe combined by 2030

in Afghan Business

Asia to wield more global power than the US and Europe combined by 2030

According to a report released by the US National Intelligence Council (NIC), Asia will take over the economic power of the US and the Europe combined by 2030.

China alone will most likely have the largest economy, surpassing that of the United States in two decades.

The report, which aims to draw together a wide sweep of “megatrends” driving transformation in the world, takes into account population size, gross domestic product (GDP), military spending and investment in technology.

However, the report does not anticipate China to emerge as a superpower like the US, forging coalitions to take on international issues.

Speaking at a news briefing, Mathew Burrows, counsellor to the National Intelligence Council said: “Being the largest economic power is important… [but] it isn’t necessarily the largest economic power that always is going to be the superpower.”

The NIC publishes such report every four years. The study is the fifth in a series. The last edition was published in 2008.



Related Articles

House of Representatives rejects the proposed development budget for next year

Reduction in the development budget has been a major issue for implementation of development projects in the country. Some of

Afghanistan, Turkmenistan sign cooperation pact in the field of electric power

President Ashraf Ghani led a high-level delegation to Ashgabat, Turkmenistan to confer on enhancing bilateral relations between the two nations.

No major financial crisis in Afghanistan post 2014- Minister Zakhilwal

Speaking at the House of Representatives on Tuesday, Finance Minister Hazrat Omar Zakhilwal assured the legislators that Afghanistan will not

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*