Who is the next world leader...INDIA....CHINA.....or USA?
By swaraj_dv
@swaraj_dv (51)
India
June 9, 2007 9:36pm CST
As all know the present world leader is USA.Its economy has always being strong.Its reserve economy is touching trilions of US $.But in recent months the economy of US is slowing down due to tough competetion from INDIA and CHINA in many sectors of business.INDIA is giving tough time for US in sector of IT,manufacturing etc.CHINA is Giving tough competetion to US in sectors like hardware manufacturing,pharmacy etc.
Many economist were surprised when they calculated the growth in economies of INDIA and CHINA.They predict that INDIA and CHINA will match or even cross USA`s economical status in next 20years.This has made many nations to turn towards CHINA and INDIA for alliance,funds and protection rather then USA.
I think the shift of power from west to east is clearly visible.In near future USA`s economy is clearly on a decline and INDIA and CHINA are going to enjoy the status of world leaders.I am not against USA I love US.But the boom in economy of INDIA and china are showing the signs.
What are your views on this? Please let me know.
2 responses
@vampoet (825)
• Singapore
10 Jun 07
Yes, I think the power shift is prominent but I don't think it is permanent. US will always be one up from the rest of the nations whether we like it or not. It is just a matter of time. European markets are already bouncing back tto recovery and Iam sure US will follow as well. China bubble will burst maybe start of next year.
@swaraj_dv (51)
• India
10 Jun 07
You are talking about stock market....But Stock market does not exactly depict economy....Stock market rise and fall are temporary.....If you see in terms of business european business is not slowing but stock market is falling so stock market nowhere simulating business....but if you see in many sectors are facing slow down....So you can say US is facing slowdown....Even chinese and indian stock markets have gone down recently but their economy is booming so stock market is not the measure of economy.....economy is the measure of stock market sometimes...and chinese bubble burst is just a speculation made by only one economist....so it may happen it may not...so we can expect china and india crossing us economy in coming years
@porkpie182 (261)
•
10 Jun 07
I hopefully think china will come on top im sick of america dominating the world
