U.S. economy could slip from top spot in 2020 and keep slipping, analysts say. America’s days as the world’s most powerful economy are numbered, and when that torch is finally passed, it’ll be tough to get back, according to a recent report.
Read: China’s trade surplus with U.S. hits record in 2018. China Poised to Overtake US Economy in 2020. Musical Chairs If a new report is to believed, the global economy is about to face a major shakeup.
By 2020, China will have unseated the U.S. as the world’s top economic powerhouse. By 2030, the U.S. will also fall behind India, according to MarketWatch. The Pentagon Is Making Plans That Could Bring On Disaster. EDITOR’S NOTE: This article originally appeared at TomDispatch.com.
To stay on top of important articles like these, sign up to receive that latest updates from TomDispatch.com. Think of it as the most momentous military planning on Earth right now. Who’s even paying attention, given the eternal changing of the guard at the White House, as well as the latest in tweets, sexual revelations, and investigations of every sort?
And yet it increasingly looks as if, thanks to current Pentagon planning, a 21st-century version of the Cold War (with dangerous new twists) has begun and hardly anyone has even noticed. In 2006, when the Department of Defense spelled out its future security role, it saw only one overriding mission: its “Long War” against international terrorism. Of course, just how committed President Trump is to the preservation of that “free and open order” remains questionable given his determination to scuttle international treaties and ignite a global trade war. An animated look at how Asia has changed over 50 years- Nikkei Asian Review. Asia has changed considerably since the Association of Southeast Asian Nations came together as a political bloc in August 1967.
But how can we get a sense of the pace and direction of that change? Inspiration comes from the Gapminder Foundation, a nonprofit created in 2006 by the late professor Hans Rosling. Gapminder collects and curates data (going as far back as 1801) that allows comparisons of the economic and social progress of countries across the world. Professor Rosling famously used animated charts in his entertaining TED talks to bring the data to life.
Explicit cookie consent. IN DECEMBER 2010 Egypt’s cabinet discussed the findings of their National Youth Survey.
Only 16% of 18-29-year-olds voted in elections, it showed; just 2% registered for volunteer work. Global Power Shift. A version of this article appeared in the Summer 2016 issue of strategy+business.
During the mid-2000s, when emerging markets were growing at breakneck speed, the cavernous gap separating industrial and developing economies began to close. This convergence took place against a backdrop of economic liberalization, built on the idea that the financial systems of all nations would dovetail. That period is now over. Emerging nations are no longer growing as rapidly as they were, particularly in comparison with developed economies; further, the fissures among different systems have become more evident.
In PwC’s 19th Annual Global CEO Survey, only 35 percent of the corporate leaders who responded said they believe the world is moving toward greater economic union. Explicit cookie consent. China's Huawei leads international patent applications- Nikkei Asian Review. GENEVA -- China's Huawei Technologies held its place as the top international patent filer in 2015, signifying East Asia's growing contribution to global intellectual property.
The smartphone maker applied for 3,898 patents under the World Intellectual Property Organization's Patent Cooperation Treaty, keeping it No. 1 for the second year in a row, the organization said Wednesday. The treaty allows companies and universities to apply for patents simultaneously in party nations. The number of applications submitted through the system indicates an enterprise's technological prowess and internationalization. Japan's Mitsubishi Electric came in at No. 5, joining Sony in the top 10. Toyota Motor, Panasonic, Hitachi and Sharp were among the top 20 applicants. The US world order is a suit that no longer fits. Forget Sykes-Picot. It’s the Treaty of Sèvres That Explains the Modern Middle East. Ninety-five years ago today, European diplomats gathered at a porcelain factory in the Paris suburb of Sèvres and signed a treaty to remake the Middle East from the ashes of the Ottoman empire.
The plan collapsed so quickly we barely remember it anymore, but the short-lived Treaty of Sèvres, no less than the endlessly discussed Sykes-Picot agreement, had consequences that can still be seen today. We might do well to consider a few of them as the anniversary of this forgotten treaty quietly passes by. Trying not to choose. East Asia is the scene for an unprecedented experiment in international relations.
Never before have so many countries been so intertwined economically with one big power (China) while looking to another (America) as the ultimate guarantor of their security. So far the experiment has seemed a stunning success. For 40 years, America has not just kept the peace; it has enabled a continental economic boom. And the biggest beneficiary of that has been China. Yet that order is now fraying, as China chafes under what it sees as an American-led world order that is impeding its rise and its natural regional predominance.
When Xi Jinping, China’s president, paid his first state visit to America in September 2015, the two countries were already at odds on a number of issues: the perennial bugbears such as China’s human-rights record and repression in Tibet and Xinjiang; and new concerns over cyber-security and the militarisation of space.
India. China. Russia, Crimea and Ukraine. These Technologies Will Shift the Global Balance of Power in the Next 20 Years. Governments, businesses, and economists have all been caught off guard by the geopolitical shifts that happened with the crash of oil prices and the slowdown of China’s economy.
Most believe that the price of oil will recover and that China will continue its rise. In 2025, the Center of the Global Economy Will Be Back Where it Was in 1 AD. Transcript James Manyika: The center of gravity of the global economy is actually shifting east and south to some extent. In fact what’s interesting about that is that if you actually tried to do a center of gravity analysis, you’ll actually find that the center of gravity of the global economy by 2025 will actually be somewhere in East Asia is where it will be. And what’s interesting about that is that that’s where it was in about year 1 A.D. So in fact in some ways it’s a return back to where the center of gravity used to be. So you’ve got that big geographic shift happening. UK move to join China-led bank a surprise even to Beijing. The American century will survive the rise of China. How to Seize the Opportunities When Megatrends Collide. McDonald’s was one of the first Western companies to play an active role in the world’s emerging markets.
It opened a franchise in Brazil in 1979, followed by Russia and China in 1990, and India in 1996. Knowing how tastes in food vary from one region to the next, the company carefully analyzed each locale and adapted its menus accordingly. For example, in Muslim countries its meals are certified halal (permissible under Islamic law); in India, the Golden Arches serve no beef or pork; and in Brazil, McDonald’s serves banana-flavored pies. The restaurant chain was particularly successful in the fastest-growing emerging market, China, where the menu is similar to the U.S. version, except that Chinese customers prefer chicken thighs to breasts.
McDonald’s marketing in China revolves around its image as a quintessential American brand. FT Web App. At least seven people were killed when a commuter train hit cars on a level crossing north of New York City on Tuesday evening, in what could be the worst passenger train crash in the US since 2009. Metro-North said one of its trains hit a Jeep Cherokee vehicle at 6.30pm at the Commerce Street crossing in Valhalla, New York. Rob Astorino, chief executive of Westchester County, which covers Valhalla, said on Twitter from what he called the “horrific scene” that at least seven people had died and 10 had been injured. What really happened in Beijing: Putin, Obama, Xi — and the back story the media won’t tell you. By way of events on the foreign side, the past few weeks start to resemble some once-in-a-while event in the heavens when everyone is supposed to go out and watch as the sun, moon and stars align.
There are lots of things happening, and if we put them all together, the way Greek shepherds imagined constellations, a picture emerges. September/October 2014. ID-157-Maharajh-Brundenius-Inclusive-innovation-social-and-sustainable-perspectives.pdf. Why have young people in Japan stopped having sex? Ai Aoyama is a sex and relationship counsellor who works out of her narrow three-storey home on a Tokyo back street.
Her first name means "love" in Japanese, and is a keepsake from her earlier days as a professional dominatrix. Back then, about 15 years ago, she was Queen Ai, or Queen Love, and she did "all the usual things" like tying people up and dripping hot wax on their nipples. Her work today, she says, is far more challenging. Aoyama, 52, is trying to cure what Japan's media calls sekkusu shinai shokogun, or "celibacy syndrome". David Grossman: Stop the Grindstone of Israeli-Palestinian Violence.
JERUSALEM — Israelis and Palestinians are imprisoned in what seems increasingly like a hermetically sealed bubble. When Middle East Conflicts Become One. Iran’s Middle East Nightmare. The U.S. foreign policy community often demonstrates a stunning inability to understand its adversaries. This was the case, for example, with Russia in Ukraine, where the fall of a Russian proxy regime to pro-Western forces was hailed in DC as a major victory for Vladimir Putin because he managed to salvage three percent of the country in re-seizing Crimea. That being said, few countries seem to baffle America’s foreign policy community more than the Islamic Republic of Iran. The Other June 4, 1989. Twenty-five years ago, two communist parties thousands of miles apart were faced with a similar dilemma: How to loosen state control of the economy while maintaining unquestioned political authority.
The New Danger in Benghazi. Africa’s Tech Edge. How the continent's many obstacles, from widespread poverty to failed states, allowed African entrepreneurs to beat the West at reinventing money for the mobile age. Science, Technology and Medicine News Updates From Asia - AsianScientist_131003_Phil Baty_Power Shift From West To East In THE World Uni Rankings.PDF.