Q174Are the economies of China, India and South Korea having an impact on the world economy?

A174I According to a July 2007 survey by the World Bank, in 2006 China's gross national income (GNI) was 2.6 trillion dollars, taking it past the United Kingdom in international rankings to the number four position. Germany, the third-most highly ranked nation has a GNI of 3.0 trillion dollars, so if growth continues at Intensifying competition with China, India, and South Korea around 10% per annum in China, it will just be a matter of time before it overtakes Germany.
The top-ranked nation, the United States, has a GNI of 13.4 trillion dollars, while Japan, in second place, has a GNI of 4.9 trillion dollars. It appears inevitable that China will also overtake Japan. India is ranked tenth with a GNI of 906.5 billion dollars. Brazil is eleventh with 892.8 billion dollars. The world's total GNI is 48.48 trillion dollars. China represents 5.4% of the world's economy on a GNI basis,while the United States represents 27.7% and Japan 10.1 %.