Europe’s Economic Powerhouse Drifts East read a headline in the New York Times last year, referring to the shifting economies not only within the European Union as shown in a series of cartograms on this website, but also in a wider sense. As the NYT states: “Last year [i.e. 2010], the euro area’s share of German exports fell to 41 percent from 43 percent in 2008, while Asia’s share rose to 16 percent from 12 percent, according to Bundesbank figures. During the same period, exports to Asia rose by €28 billion, while exports to the euro area fell by the same amount.” Continue reading →