Website review: Postponed Power: The Rise of China ...
laodan discovered this in Business
•1 reviews since Oct 24, 2006
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•spiegel.de/fotostrecke/0,5538,PB64-SUQ9MTY1Nj...
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laodan discovered 19 months ago- Postponed Power: The Rise of China and India via Minding the Planet - Nova Spivek, in in Der Spiegel Online by Gabor Steingart This article by Germany's best-known economics writer provides a fast and high-level overview of how the American empire is losing (has lost?) its economic power. While the dollar is still the world's currency of choice, the USA no longer controls it. Furthermore, with increasing trade deficits, the outsourcing of labor, and spiraling debt, the US economy is poised on the edge of collapse. And the American middle-class has and will bear the brunt of this shift as it plays out over the next few decades. URL: Postponed Power: The Rise of China and India
image n#1. Distribution of economic power in 1820
image n#8. Projection of the distribution of economic power in 2050
Excellent. In 8 images Der Spiegel succeeds to give us an idea of the displacement of economic power from 1820 to 2050. And guess what. China was n#1 in 1820 and is expected to become n#1 again in 2050... Did you have the slightest idea of that kind of economic reality?
- Postponed Power: The Rise of China and India via Minding the Planet - Nova Spivek, in in Der Spiegel Online by Gabor Steingart This article by Germany's best-known economics writer provides a fast and high-level overview of how the American empire is losing (has lost?) its economic power. While the dollar is still the world's currency of choice, the USA no longer controls it. Furthermore, with increasing trade deficits, the outsourcing of labor, and spiraling debt, the US economy is poised on the edge of collapse. And the American middle-class has and will bear the brunt of this shift as it plays out over the next few decades. URL: Postponed Power: The Rise of China and India
