Will the emerging economy will soon superscede the US and European economy ?

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In the next five years,emerging economy are expected to contribute over 50 percent of the global growth. Money will continue to flow from coffers of western economy to India and other Asian nations.China and India have been embarking up on investment boom.A more skewed and divided the future global economy is in the offing. Will the emerging economy will soon supersede the US and crisis hit European economy?