February 14, 2020
Thirty years ago, China accounted for barely four percent of the global economy. In the years since, that has soared to nearly 20 percent. China's bid to use that economic clout in order to reshape the world more in its own image is one of the defining aspects of global politics today. Here's a look at who dominated the world economy thirty years ago, versus now.
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The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.
ROYAL THAI NAVY/Handout via REUTERS
Iran has been upping its threats against the world’s oil supply, striking at least one cargo ship yesterday and reportedly laying mines in the Strait of Hormuz, the waterway near Iran through which 20% of global oil supply passes.
Strong communities start with opportunity. Bank of America invested nearly $40 million in workforce development programs in 2025 — helping 86,400 people connect to jobs, and 264,000 build new skills that strengthen local economies. Explore how Bank of America is building the workforce of today and tomorrow.
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