the EU's share of world GDP is in terminal decline (down from 30% in the 80s to about 15% today)
its ability to export its legislation will be gone by 2050 (if not sooner)
I am interested in your assertion about the actual numbers 1980s vs today. Can you provide a reference for that please? The direction of travel in those 40 years seems plausible to me. After all, China has definitely become a much bigger slice of the world's productivity pie than it was then so others must have a smaller ratio than they did. But the absolute numbers are kinda interesting.
it is simply a.completely non sensical post.
in the 80s Europe was formed by just 12 countries, EU did not even exist, euro did not exist, Germany was two countries, there was a wall in Berlin dividing the city in east and west Berlin, USSR was a global power and we did not calculate in the global GDP more than half of the World.
That's why the downvotes.
US GDP was %40 of the entire worlds economy, it dropped to %30 by the 1985 and today its below %24.
That's simply a function of population and development and in world where every nation reaches property it would be proportional to the population.
If China and India happens to transform itself into prosperous countries, US and EU and everybody else will follow and for the better because this is not going to happen in their current state of affairs.
I don't think that will be the case. Most of the decline is not absolute but relative, due to China growing. But they're finding themselves seeing reduced growth now too.