Is the worlds economic center of gravity moving eastwards? The world ’ s economic center of gravity has shifted dramatically eastward. How has the economic center changed over time? While asias continued rise seems likely, several factors could disrupt its dominance. It is not a surprise that fortunes around the world shrank during the recession of the late 2000s. Where is the economic center now? · in an era of geopolitical shifts and economic uncertainty, high-net-worth individuals and professionals are reassessing their long-term residency plans. · the future trajectory of the economic center of gravity is far from certain. Looking ahead, with the asia-pacific region set to recover sooner from the covid-19 crisis, the pace of this movement could be 1. 4x faster than previously expected. This includes citizenship and residency planning for the rich. Why is the shift in the worlds economic center of gravity important? The world ’ s wealth no longer flows to washington or london — it flows east. · the map in the image illustrates this shift over time, showing how global economic power has gradually moved from the west (europe and north america ) back towards the east. Wolff explains why brics is now the global center of power. · a recent study on this topic reveals that for the past two decades, the center of gravity for the world ’ s wealth has been shifting away from the united states and towards emerging countries. · we computed the world ’ s economic center of gravity (wecg) and found that it has been moving eastwards towards asia since 2002. But over the past two decades, something extraordinary has happened:
