When great powers think small, world pays big price

'G-minus-2' replaces once-foreseen G-2, says Indian economist Arvind Subramanian

20201223NY Trump in the Situation Room

U.S. President Donald Trump, standing, meets with Vice President Mike Pence and congressional leaders in the Situation Room at the White House in 2019. (Photo courtesy of the White House)

TAISEI HOYAMA, Nikkei staff writer

WASHINGTON -- In 2011, economist Arvind Subramanian envisioned a scene a decade later with China as the world's leading economy.

His book "Eclipse: Living in the Shadow of China's Economic Dominance" opened like this:

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