Source: VisualCapitalist.com and available here.
This chart compares the GDP of global superpowers over the last 2,000 years. There are a lot of interesting takeaways that we can gather from this chart, but one thing in particular stood out to our team: the dramatic fall and rise of China that occured between 1820 and 2018. What drove the comeback in recent years? Many point to Chinese economic reforms that occured in 1978. These reforms shifted the country’s economy from a hardline socialist model to a more capitalist architecture, and with it, came growth.