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Of the seven biggest rich economies, only Germany and America have suffered a clear deterioration in infrastructure investment since 2006.
Indeed the six biggest emerging economies now produce goods and services of equal value to the six biggest rich countries.
"This is the biggest rich man's case in Hong Kong history," said Albert Cheng, a columnist and radio show host.
The G20, which includes the biggest rich and emerging economies, anointed itself the primary forum for international economic co-operation, replacing the G7, a more exclusive rich-world club that will now concentrate mainly on security matters.
AT THEIR summit in Washington, DC, last weekend, the leaders of the G20 the world's biggest rich and emerging economies promised "rapid" fiscal stimulus to prop up their economies.
The leaders of the world's 20 biggest rich and emerging economies, gathered in Washington, DC, on November 15th, did not remake global finance as some of them had set out to do.
Similar(49)
True, the three biggest rich-world economies, the United States, Germany and Japan, are under less pressure.
Most of South-East Asia's currencies, despite their traumatic collapses against the dollar and European currencies since mid-1997, have strengthened relative to the yen in the past few months which will make their exports dearer in Japan, their biggest rich-country export market.
The biggest, richest re-match of all time.
America, however, is the biggest, richest economy in the world.
I am heading towards the biggest, richest and arguably most beautiful college: Trinity.
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