Not really. Japan gained significant inroads and became a major world economy but did not “take over,” and demographics caused Japan to cool off quite a bit toward the 2000s.
China has similar demographics, but is also larger. It has roughly 4X the number of people as the USA, so all it would take to equal the USA in aggregate is reaching 1/4 of US GDP per capita. GDP/capita is a more meaningful measure anyway.
pretendscholar|5 years ago
api|5 years ago
China has similar demographics, but is also larger. It has roughly 4X the number of people as the USA, so all it would take to equal the USA in aggregate is reaching 1/4 of US GDP per capita. GDP/capita is a more meaningful measure anyway.