In terms of economic might, BBVA has created an index of “world market power” enabling an at-a-glance view of a nation’s impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is… Hint, not USA…
As BBVA sums up,
China shows the highest value not only among emerging economies but also when considering all the sample, inverting with the US the rank order given by the exports’ share in nominal terms.
Usually when you see analysis like this start to become prevalent, it’s a signal of impending doom for the favored nations. Sort of like making the cover of Sports Illustrated or Time Magazine.