How the World Economy Could Look in 2050: Asia Takes the Lead

By 2050, the economic map of the world may look very different from what we know today.

According to long-term projections by Goldman Sachs, the centre of gravity of global GDP is expected to shift decisively away from today’s developed markets and towards emerging Asia.

The Big Picture: Who Owns Global GDP in 2050?

In 2050 (in constant 2021 USD), global GDP is projected to total about $227.9 trillion. Here’s how that pie is expected to be divided:

• Asia (excluding developed markets): $90.6 trillion – 40%
• Developed Markets (DM): $82.9 trillion – 36%
• Central & Eastern Europe, Middle East & Africa (CEEMEA): $38.3 trillion – 17%
• Latin America: $16.0 trillion – 7%

The headline shift is clear:

Emerging Asia is projected to become the largest regional contributor to world GDP, with 40% of the total, edging ahead of traditional Developed Markets at 36%.

To see how dramatic this is, compare it with the year 2000. At that time, developed economies (North America, Western Europe, Japan, etc.) accounted for more than 77% of global GDP. By 2050, their share is expected to fall to just over a third.

Taiwan has become the world’s example of how an economy can boom while many people feel left behind

Silicon Island’s Boom: When the Economy Grows Faster Than Salaries
Taiwan has become the world’s clearest example of how an economy can boom while many people feel left behind. Under constant military pressure from China and amid trade tensions with the United States, the island has still been posting spectacular numbers. GDP has grown around 8% for two quarters in a row, and overall growth is expected to reach about 7.4% in 2025 – even faster than China.

The engine is obvious: high tech.
Taiwan’s factories build the chips and servers that power today’s artificial intelligence revolution. Its champion, TSMC, supplies giants like Nvidia and AMD and has lifted its own revenue forecast into the mid-30% range. Exports have exploded – up more than a third this year, with shipments to the US jumping over 60% as American tech companies race to build AI data centres. Taiwan’s stock market has surged into the world’s top ten on this wave of AI enthusiasm.
But this success story has a shadow. A rich economy, ordinary pay.

Zelensky will speak to Trump after the US presented Ukraine with a draft "peace plan"

Zelensky to speak to Trump after US proposes Russia-Ukraine peace plan

Volodymyr Zelensky will speak to Donald Trump after the US presented Ukraine with a draft "peace plan" to end the war with Russia.

The plan was reportedly drafted by US special envoy Steve Witkoff and his Russian counterpart Kirill Dmitriev, without Ukraine's involvement.

In a statement, Zelensky's office said the US believed the draft plan could "help reinvigorate diplomacy" and added that Ukraine had "agreed to work on the plan's provisions in a way that would bring about a just end to the war".

Kyiv supported "all substantive proposals capable of bringing genuine peace closer," the statement said.

The Ukrainians did not share any details of what the proposal entails, although according to sources quoted by Axios, the Financial Times and Reuters, it includes plans for Kyiv to give up areas of the Donbas in eastern Ukraine that it still controls, to cut significantly the size of its army, and to forego many of its weapons.

November 19 is Women's Entrepreneurship Day

November 19 is World Women's Entrepreneurship Day
On November 19, the world celebrates World Women’s Entrepreneurship Day, established by the UN at the initiative of the Women’s Entrepreneurship Day Organisation (WEDO). Just ten years ago, this date did not exist in the global calendar. Today, it unites almost 150 countries and thousands of women entrepreneurs across the world.

How This Day Was Born
The initiator of World Women’s Entrepreneurship Day is American entrepreneur and philanthropist Wendy Diamond. She was inspired by a trip to Honduras and her encounters with microfinance funds supporting low-income women. After returning to the United States, she decided to create a global movement to support women entrepreneurs.

The first WED ceremony was held on 19 November 2014 at the United Nations Headquarters in New York. In its very first year, Women’s Entrepreneurship Day was marked in 144 countries, and today it is observed in almost 150 countries.

Women’s Entrepreneurship Day 2025 Summit in the United Nations

Women’s Entrepreneurship Day 2025 Summit in the United Nations

Celebrated every year on November 19 under the auspices of the United Nations, Women’s Entrepreneurship Day (WED) has become the world’s largest initiative dedicated to celebrating, supporting, and empowering women in business, leadership, and innovation.

Now in its 12th year, the movement has grown to unite over 150 countries, thousands of partners, and millions of participants — all working toward one shared mission: to empower women economically and socially so they can build a better world for all.

The World Woman Club and WEDO: A Global Partnership for Change

Since 2016, the World Woman Club (WWC) — founded by Dr Olga Azarova — has been a proud partner of the Women’s Entrepreneurship Day Organisation (WEDO), actively advancing its mission across Europe and Asia. 

From London to Kyiv, Vilnius to Chişinău, the World Woman Club and WEDO bring together female entrepreneurs, innovators, and professionals to exchange ideas, build connections, and ignite change.

All-Ukrainian Charity Action WINGS OF SUPPORT for Ukrainian Children

Tears of joy, trust, warm positive energy, gratitude, sincere emotions, support, countless hugs, and the cheerful laughter of children — all this describes the charity project “Wings of Support,” which filled hearts with love and hope.

The event was held under the initiative of the World Woman Club, in partnership with the World Woman Forum, with the support of Dr Olga Azarova, Ludmila Stanislavenko and a generous family from Taiwan — Cherry Chang and Evan Yang, who provided charitable donations for the implementation of this meaningful project.