Which countries will be wealthiest 40 years from now?
Say what you will about Goldman Sachs, but the investment firm does seem to grasp the next big thing. Jim O'Neill, Goldman's Chairman of Asset Management, you may recall, is the man largely credited with minting Brazil, Russia, India and China as the planet's next economic drivers - way back in 2001.
So regardless of how you feel about the notorious company's practices, when Goldman Sachs releases a projection report, the world listens. Recently, the Manhattan-based multinational announced its forecast for the richest countries by GDP per capita in 2050, considering Brazil, Russia, India and China, the N-11 and G7 nations*. Which country may be wealthiest 40 years from now? Click through to find out.
*N-11, or "Next Eleven," nations consist of economically growing countries Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam. G7 membership includes France, Germany, Italy, Japan, United Kingdom, United States and Canada. All figures in this feature are in USD. Current GDP per capita figures are current as of 2010, sourced from the CIA World Factbook.
* Bing: What is GDP per capita?
April 23 (Bloomberg) -- Betty Liu reports on today’s top tech news stories on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)
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