The emergence of the new economic order: Growth in the G7 and the G20. Dale Jorgenson, May 2013, Paper. “The massive reconfiguration of the world economy over the next decade will lead to a New Economic Order by 2020. China will displace the U.S. as the world’s leading economy and India will overtake Japan. This will shift the balance of the G20 from the leading industrialized economies of the G7 to the emerging economies, especially China and India. The rise of the Asian model of economic growth will underscore the importance of globalization and…” May require purchase or user account. Link