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Open for business: one of the greatest trading opportunities of the 21st century is not China,...

By Cone, Malcolm
Publication: NZ Business
Date: Tuesday, August 1 2006

China and India are becoming the preeminent economies in the world.

A recent study of the service sector growth in India (Ashra & Cone) suggest that not only manufacturing, but services are shifting to Asia. These findings seem to support the contention of Jim O'Neill, chief economist for Goldman Sachs when he suggests that in the next two decades four developing countries, Brazil, Russia, India and China, will be ahead of the world's six largest industrial countries in terms of cumulative GDP (USD). The question is, how does New Zealand position itself in reference to

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