Danny Quah, professor of economics and international development at the London School of Economics, has calculated that the world's economic center of gravity measured by looking at income averages across more than 700 places worldwide has shifted east over the past 30 years, from the Transatlantic Axis to somewhere across the Arabian Peninsula.

WSJ: Wealth Over the Edge | WSJ.Money Spring 2013

Redick of Harvard, as well as studies done by economists in such hotbeds of Keynesian, demand side economics as the International Monetary Fund and the Organization of Economic Cooperation and Development (OECD).

FORBES: Academics Have Spoken, And Obamanomics Is The Path To Slow Growth

"This Tory-led government are committed to promoting a discredited growth model of trickle-down economics which will do nothing to reduce poverty in the developing world, " said shadow international development secretary Ivan Lewis.

BBC: Farmers work in a field in Jalalabad, in Afghanistan