Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
And India will pass China in less than 50 years, some predict by 2030.
All it is a trend towards those country's citizens becoming consumers of goods. It means it will be harder for industry to flourish in those two countries like it does now because costs will go up, and other nations get more of the pie. For the U.S. it means more people in the world want American goods and services, more tourism from those countries, and more accountability for those countries to not do things like counterfeiting. Our markets will continue to be the most trusted for the next few decades at minimum, meaning lots of those east and south Asian monies piled into our system. It's most certainly a positive for us economically.
Im sure this is shtick directed no doubt at me, but I agree!
I think this is true in the short term, too. I worry about the long term and think about Paul Kennedy's book Rise and Fall of the Great Nations. In the end, power always ended up being economic in nature.
No empire is eternal. Power waxes and wanes moves with the tides of history. America was never going to be number one forever. Now will we recognize the change and can we find ways to take advantage of it to our benefit is the question.
Oh, I agree we are still in a position of immense power. And it isnt changing soon. I just wonder whether our "leaders" will recognize the changing times and change accordingly. The recent foreign policy decisions in Iraq and Afghanistan give little cause for hope on multiple levels, one of the most egregious being the immense waste of national treasure. Hopefully, we make corrective adjustments to that type of thinking.
I've noticed a lot less "made in China" cheap crap in favor of "made in India" cheap crap, so I assume China is farther along.
Indeed. Chinese wages are on the rise and they are losing manufacturing work to less expensive countries.
Oh yeah... especially since they kill off so many female babies. Now it's a seller's market in that.
This is so awesome.
