Thursday, September 28, 2006

The Era of the New Economic Powers


What will the world be like in 2050? If we believe the projections and statistics, the scales will have tilted toward Asia. The weight of China and India will have changed the world balance because of their huge populations and - more than anything - the development of their respective economies.

Do you have children? They have probably studied or will study geography using an image of the world in which Europe or the United States are at the center of the planet. However, a few years from now -- not as many as you may think -- this center will have to be shifted towards Asia, a continent where the future of the world economy will be located.

Until relatively recently, the West viewed Asia with a superiority complex. While the United States took the baton and ran, and Europe agreed to a secondary role, large countries like China and India were relegated to third or fourth place, embroiled in their internal problems and poverty, while Japan became the exception that proved the rule by adopting Western systems.

See full Article.