Articles/Columns
OECD Nations Will Have Less Impact for World Growth in 2012
As reported by a recent article in The Economist, OECD nations are expected to only contribute around 28% to the world GDP for the year 2012. Since the OECD nations are roughly two-thirds of the world economy in terms of GDP, most of the growth is expected to come from emerging economies, which include the BRICs (Brazil, Russia, India, and China – non-OECD nations) and other large economies such as Indonesia and South Africa. The OECD (Organisation for Economic Co-operation and Development) is an international economic organization with member states that have similar characteristics such as the promotion of democracy and a market economy. The aim of the organization is to coordinate economic policies and share best practices to thrive as a whole in the global economy. Currently, there are 34 members, of which 24 are European nations. Due to the high debt-levels of a majority of the OECD countries and also because of the interconnectivity among the OECD economies facing very complicated market uncertainties with geopolitical implications, GDP growth is expected to be somewhat conservative for most of the OECD member states. However, both the U.S. and Japan are expected to grow at 2% GDP growth for next year, while the Euro-area is expected to grow at a measly 0.2%. The growth in Japan will be its recovery from the negative growth recorded for 2011 due to the triple disaster in March earlier this year. None of these projections will hold true or stay accurate if the impending collapse of the Euro becomes more dramatic than expected.
World GDP % Change from 2011 to 2012
Source: The Economist
（2011/12/2 掲載）