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In fact, if I had to sum up my view of the world, I would say to you: turn your thoughts to the East. Not just to the Middle East. But to the Far East.
For the first time in many centuries, power is moving East. China and India each have populations roughly double those of America and Europe combined.
In the next two decades, these two countries together will undergo industrialisation four times the size of the USA's and at five times the speed.
Originally posted by questioningall
China is setting themselves up to be the superpower of the world, they will be taking the title from the U.S., I would estimate within 2 years.
World’s largest manufacturer
Published 6/23/09
Filed under: Miscellaneous, Politics
What country is the world’s largest manufacturer by a huge margin? If you have a kid, you would think it must be China — I don’t know the last time I saw I toy (or anything else, really) that wasn’t made there.
Wrong.
Accounting for more than 20% of the world’s total manufacturing output is the United States.
Japan is a distant second at just over 13%. Then China (12%), and Germany (8.2%). Then, well, everyone else. (Data come from the Dept. of Labor and the United Nations.)
What was up is now down and the other way around, and it's going to stay that way for some time. Former powerhouses such as Bank of America and Citicorp have turned into shadows of their former selves as they shed assets and withdraw from foreign markets. Meanwhile, lenders in China and India that are little known outside their home countries now have the wherewithal to expand internationally. They have the potential to become the Citicorps of tomorrow.
Such plans stand in stark contrast to the federal government's strategy today. America invests a mere 2.4% of GDP in infrastructure, compared with 5% in Europe and 9% in China, and the distribution of that money is misguided.
For the past few years it has been hard to ignore America's crumbling infrastructure, from the devastating breach of New Orleans's levees after Hurricane Katrina to the collapse of a big bridge in Minneapolis last summer
In 2005 the American Society of Civil Engineers estimated that $1.6 trillion was needed over five years to bring just the existing infrastructure into good repair. This does not account for future needs. By 2020 freight volumes are projected to be 70% greater than in 1998. By 2050 America's population is expected to reach 420m, 50% more than in 2000. Much of this growth will take place in metropolitan areas, where the infrastructure is already run down
Originally posted by BetweenMyths
May 2008: Tony Blair Addresses Yale Students on Shift in World Power.
tonyblairoffice.org...
In the next two decades, these two countries together will undergo industrialisation four times the size of the USA's and at five times the speed.