{"id":1070942,"date":"2023-06-07T06:05:42","date_gmt":"2023-06-07T06:05:42","guid":{"rendered":"https:\/\/www.counterpunch.org\/?p=285429"},"modified":"2023-06-07T06:05:42","modified_gmt":"2023-06-07T06:05:42","slug":"the-world-economy-is-changing-the-people-know-but-their-leaders-dont","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2023\/06\/07\/the-world-economy-is-changing-the-people-know-but-their-leaders-dont\/","title":{"rendered":"The World Economy Is Changing\u2014the People Know, But Their Leaders Don\u2019t"},"content":{"rendered":"<p>The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies. Now a third of total world output comes from the BRICS countries while the G7 accounts for below 30 percent. Beyond the obvious symbolism, this difference entails real political, cultural, and economic consequences. Bringing Ukraine\u2019s Zelenskyy to Hiroshima to address the G7 recently failed to distract the G7\u2019s attention from the huge global issue: what is growing in the world economy vs. what is declining. <a href=\"https:\/\/www.counterpunch.org\/2023\/06\/07\/the-world-economy-is-changing-the-people-know-but-their-leaders-dont\/\">More<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/2023\/06\/07\/the-world-economy-is-changing-the-people-know-but-their-leaders-dont\/\">The World Economy Is Changing\u2014the People Know, But Their Leaders Don&#8217;t<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/\">CounterPunch.org<\/a>.<\/p>\n\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.counterpunch.org\/2023\/06\/07\/the-world-economy-is-changing-the-people-know-but-their-leaders-dont\/\">CounterPunch.org<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies. Now a third of total world output comes from&#8230;<\/p>\n","protected":false},"author":375,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,266],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1070942"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/375"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=1070942"}],"version-history":[{"count":2,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1070942\/revisions"}],"predecessor-version":[{"id":1071185,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1070942\/revisions\/1071185"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=1070942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=1070942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=1070942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}