Is China Overtaking America?

The twenty-first century is witnessing Asia’sAsia return to what might be considered its historical proportions of the world’s population and economy. In 1800, AsiaAsia represented more than half global output. By 1900, it only 20% world output—not because something bad happened in AsiaAsia, but rather Industrial RevolutionIndustrial Revolution, had transformed EuropeEurope North AmericaNorth America into workshop.