Power shift to emerging economies by 2025: study (military, companies, cost)
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Thank you, American corporations and CEOs, for contributing to the growth and development of infrastructure and job creation in foreign lands! May your increased bottom line help you build a wall that much taller around your estate compounds to shield you from the growing underclass!
Slave labor, no unions and squalid conditions are what the retards vouch for. Most of these upcoming countries have invested in education, and have union presence. The key is human resource, an educated populace, along with relatively low cost of living to boot. Those economies aren't relying on military industrial complex as a driving force to the manufacturing/economy either.
Maybe. The only country on that list that I expect will thrive in the future is South Korea.
Brazil has been "The country of the future!" since like.......the 1880s. Still isn't there yet.
India does not have the homogeny that China or Korea has. This will work against it for economic growth. India still hase a rapidly exploding population and is vastly rural.
Russia may have an increase in per capita income over the next few decades, but its falling population will actually insure the nation a smaller place in Earth's future.
Although currently unlikely, I wouldn't be surprised to see massive civil war break out in China to overthrow the communist party within the next couple of decades. Who knows what the ramifications of that would be.
Lets pretend that all these nations actually do reach maximum growth potential and increase their standard of living to levels seen in North America and Western Europe. I'd be happy for them! Less poverty in the world is clearly better. I just don't expect the current developing countries to be covered in gold the way many economists do.
Not surprising. They've got the resources, and have invested on them.
So are American companies.
Steven Wynn the casino and resort magnate recently said. "We are located in America but we are essentially NO LONGER AN AMERICAN COMPANY. We get the majority of our revenue and profits from China"
This is basically happening with most large American corporations. The majority of them no longer get most of their revenues and profits in the United States. In the next ten years or so you will probably see some major Ameriican corporations relocating their headquarters outside of the United States.
I read today that China is having a severe energy problem. They simply can't provide enough energy anymore. And it is increasingly affecting their economy.
Well, we want more countries to join the first world. So it shouldn't be a surprise that their economies get more power -how can that be avoided when countries of a billion people enter the first world?
And when they do enter the first world, they will no longer possess masses of people who will work for a dollar a day. But have huge middle classes who demand a normal wage.
Competing with first world nations is a whole different ball game.
Well, we want more countries to join the first world. So it shouldn't be a surprise that their economies get more power -how can that be avoided when countries of a billion people enter the first world?
And when they do enter the first world, they will no longer possess masses of people who will work for a dollar a day. But have huge middle classes who demand a normal wage.
Competing with first world nations is a whole different ball game.
Right. Which raises the question if the West really wants the rest of the world to catch up. And let's hope the rest of the world choses a different way to catch up, maybe not even trying to become like us as it is no secret the world can't support 7b people living US or EU kind of lives.
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