Europe or North America will always have an advantage over African/South American/Asian countries/regions because of the tremendous natural resources in both areas and the tremendous natural ports. Europe doesn't have a single place in it that isn't pretty close to the ocean or a decent port. America has a great river system and lots of great farmland and it could isolate itself from the "Old World" if it wanted to.
China looks to be on the rise though, but most of the land isn't very arable, the huge population is the reason for the rise.
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