For the past 50 years, these affluent countries have dominated the global economy, producing four fifths of its economic output.

In 1750, Asia had three fifths of the world population and three fifths of the world s economic output.

It is a safe prediction, given that Asia is already home to nearly 60 of the world s population and accounts for roughly 25 of global economic output.

Emerging markets and developing countries now account for 50 of global GDP and 75 of global growth, and demographics will further accentuate the shift in the center of economic gravity.

Much economic activity lies outside the GDP data.

Japan s GDP share is about one third of Asia and 8 of the world.

The Perfect Storm of a Global Recession

Meanwhile, the US share of global output has declined.

The US economy still accounts for about one quarter of global output.

These measures alone correspond to 4 of global GDP.

Global Economic Cooperation or Bust

Global Information Technology Report 2004 2005, World Economic Forum.

WASHINGTON, DC Greece s GDP, at about 300 billion, represents approximately 0.5 of world output.

Economically, the West will account for around 30 of global output a level that corresponds to Europe s share in the eighteenth century and down from 68 in 1950.

The world annual Gross Domestic Product is about 65 trillion.

The global economic recovery remains too weak.

As a result of the tsunami, the GDP contracted by about 3.6 in 2005.

But nowadays developing countries represent a much larger share of global output and an even bigger share of world lending.

Yemen s GDP is only 10 the size of Greece s, representing 0.05 of global output, and its economy is not significantly linked to the international financial system.

The tourism sector continued to be the main economic driver, accounting for on average 25 per cent of economic output during the period.

According to the International Food Policy Research Institute (IFPRI), in the absence of more sustainable water management, the share could rise to 45 by 2050, placing a significant portion of global economic output at risk.

In 2010, economic output was dominated by the service sector which accounted for 66 of GDP, followed by the industrial sector with 27.2 and agriculture accounting for 6.8 of GDP.

Between markets and States international cooperation through global public private partnerships.

That way, the debt GDP ratio declines because the denominator (economic output) increases, not because the numerator (the total the government has borrowed) declines.

The resulting economic inequality a result of politics as much as market forces contributes to today s overall economic weakness.

As firms shed workers during the economic downturn, output fell more slowly.

Until 2000, the G 7 accounted for about two thirds of global GDP.

The result will be trade liberalization in an area that produces 40 of global GDP.

Finland is highly integrated into the global economy, and international trade is a third of GDP.

Although their current combined GDP is still a relatively small fraction of global output (about 15 ), that share is rising rapidly.

Such predictions were bolstered by reportedannual economic growth rates of 5 6 and an increase in the USSR s share of global output, from 11 to 12.3 , between 1950 and 1970.

Secondly, its dwindling workforce cannot sustain the economic output level that is maintained in the future.

Tourism is the primary economic activity, accounting for more than 60 per cent of GDP.

Andrew Haldane of the Bank of England estimates that the present value of the corresponding losses in future output could well reach 100 of world GDP.

Yasser Arafat at the World Economic Forum in Davos, January 2001.

As for economic collapse, the Intergovernmental Panel on Climate Change estimates that global GDP per capita will increase 14 fold over this century and 24 fold in the developing world.

After that, however, the Soviet growth rate and share of global output began a long decline.

Today, however, global economic integration and interdependence are much deeper than in the 1930 s.

Ms. Valerie Weinzierl, Senior Project Manager, Global Institute for Partnership and Governance, World Economic Forum, Cologny, Switzerland

In terms of economic output, today s EU is on par with the US.

In Bhutan, the economic challenge is not growth in gross national product, but in gross national happiness (GNH).

A new global growth strategy is needed to maintain global economic progress.

In that context, the United Nations the political arm of the global economic system must be empowered in practice to promote such good global governance.

The idea for the Global Compact had grown out of a speech delivered by the Secretary General at the Davos World Economic Forum.

Global economic instability correlates strongly with energy price volatility.