The Economist: A Game of Catch-Up

The following article from The Economist takes a look at how the emerging economies (especially China and India) are beginning to advance and surpass their competitors in the Western world. As the emerging economies implement the very same policies and technologies that have made the West rich in the last two centuries, economic convergence is becoming more apparent. Emerging economies as a whole are expected to grow 7-8% this year; four percent more than the rich nations. The hard part for these emerging economies, The Economist notes, is now making the jump from middle income to reasonably rich.

Article: http://www.economist.com/node/21528979