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Asians will win, Europe's future in the next 100 years is not looking good in any way -
I think there are three main reasons for this. One is population, second is resources and third is the shift of huge economic boomComment
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I think Europe will still be a very important center of culture, knowledge, innovation, creativity, prosperity, etc. but the only exception is that it will not be the only center. There will be other centers around. And that the economic pie will be more or less evenly divided across the world.Originally posted by Karachi View Post
There will be centers in South America, in Africa, in Asia, etc. That is the order the humanity should strive for---Ideally, no single pole should have absolute pre-eminence and dominance.
Here is a role for Muslims to play as not to undermine regional stability rather strengthen it.Last edited by Toramana; 09-23-2012, 09:21 PM.Comment
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But let us hope things don't get messed up and Asian leaders are prudent enough to keep the pace---Comment
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Source please?Even Adobe Photoshop can't change me.
A line[Durrand line] of hatred that raised a wall between the two brothers -Hamid Karzai
For generations, the Hindus of India prayed for deliverance from "the venom of the cobra, the teeth of the tiger and the vengeance of the Afghan."
The men of Kábul and Khilj also went home; and whenever they were questioned about the Musulmáns of the Kohistán (the mountains), and how matters stood there, they said, "Don't call it Kohistán, but Afghánistán; for there is nothing there but Afgháns and disturbances." Thus it is clear that for this reason the people of the country call their home in their own language Afghánistán, and themselves Afgháns. The people of India call them Patán; but the reason for this is not known. But it occurs to me, that when, under the rule of Muhammadan sovereigns, Musulmáns first came to the city of Patná, and dwelt there, the people of India (for that reason) called them Patáns—but God knows!
-Ferishta, 1560–1620Comment
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it appears some of these asian countries will have some heavy duty internal issues to deal with, too.Originally posted by Toramana View PostComment
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faye, that is correct---but let us hope things go well---Originally posted by faye View PostComment
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Hahaha---no source---just making ourselves happy---Originally posted by Admin Khan View Post
---but there is one link in the thread on trillion economies 2050---which quote IMF, World Bank, Standard Chartered, City Group, etc. sources---This video also quotes Asian Bank etc. sources---
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our mining boom is said to go into a cyclical slump, at some point. it might even be happening now.Comment
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i watched a bit of both and he just seems like a very clever man. i don't see him as over arrogant, toramana. good insights and looking in a positive way to the future.Comment
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OECD says Canada to lead G7 in growth for next 50 years
The Paris-based Organization for Economic Co-operation and Development predicts Canada will lead the Group of Seven industrialized economies in growth over the next half century.
In a report released Friday, the OECD says it expects Canada's real gross domestic product will average 2.2 per cent growth annually over the next 50 years.
Canada, it predicts, will be near the top on a per capita basis – possibly a truer measure of success — with only Japan sneaking ahead.
Of the other G7 nations, only the United States and the United Kingdom with 2.1 per cent average advances come close.
That doesn't mean Canada will beat all industrialized nations, however. Australia, New Zealand, Israel and Norway — whose economies are too small for admittance to the G7 club — are projected to experience even stronger average growth rates.
In part, Canada's superior growth rates are based on expectations that its labour force will continue to grow, although more slowly in the age of retiring baby boomers. Some countries, like Japan and Germany, are likely to experience outright contraction, which is why they do well on the per capita measure.
"For Canada, it's a fairly young population, fairly well-educated workforce and you have all these natural resources that give you higher growth than other countries," said Matthias Rumpf, a spokesman with the organization.
The OECD report also predicts the balance of global economic power will shift dramatically, with China overtaking the U.S. as the world’s biggest economy as early as 2016.
The organization says China is expected to surpass the eurozone in a year or so.
It forecasts that India’s GDP will surpass that of Japan in the next year or two, the euro area in about 20 years and the U.S. “over the long term.”
The report came a day after Prime Minister Stephen Harper wrapped up a six-day trade mission in India and moved on to Manila.
Together, it says, the two emerging Asian economies will overtake the collective economy of the G7 nations in size by around 2025 and Indonesia and Brazil will outpace Japan and the eurozone.
"The economic crisis we have been living with for the past five years will eventually be overcome, but the world our children and grandchildren inherit may be starkly different from ours," said OECD Secretary General Angel Gurría.
"As the largest and fastest-growing emerging countries fully assume a more prominent place in the global economy, we will face new challenges to ensure a prosperous and sustainable world for all."
"Education and productivity will be the main drivers of future growth, and should be policy priorities worldwide,” Gurria said.
But in terms of per capita standard of living, the OECD says China and India will still be well below that of the Western world. The organization represents most of the world's wealthiest countries.
The OECD cautions that the projections should be taken with a grain of salt, given the extended timeline horizon, but Bank of Montreal economist Doug Porter says in some ways long-term forecasts are more reliable. Time tends to smooth out short-term shocks, he explains.
Porter said nothing in the OECD overviews strikes him as being unrealistic.
"I don't have a huge quarrel with the conclusion, I think we can or will likely lead the G7, but it'll be a horse race with the U.S. in particular," he said.
"I'm not sure I would be as positive on a per capita basis. Canada hasn't seen that kind of per capita gain in the past 30 years and I'm not sure we can really ramp it up in the next 30 to 50 years," he added.
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