In ancient times, China and India dominated the world economy. Their combined GDP accounted for nearly 40 percent of the world total. In the first millennium of our Christian era, geopolitical power shifted to the Mediterranean powers, Venice, Spain, and Portugal. It later gravitated to the central
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Politics, Economy and Society

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp