Quote:
Originally Posted by Skybird
I so then I have missed why they have a globalisation problems since so many years. Where are the overwhelming majority of quantities of rare earths located? Which country is the pharmacy of the world? What place is the global hotspot of chip production that, if stopping, would bring the global economy to a standstill? Which country, that gets heavily sanctioned currently, nevertheless exports ressources as if there was no war raging, and forms ties with thankful third world countries who now can afford these ressources? Which countries have no problems with shrinkling workforces, both low-education labour and specialised expert jobs? - China. Russia. India. Taiwan. Russia. Asia.
The big economic players in South America and Africa are Brazil, South Africa, and Kenya, Nigeria. Two of these belong to the BRICS club. And BRICS is not about being friends with the Western economies. BRICS is a dedicated anti-Western economic alliance.
Both China and India each have a population of 1.4 trillion. Thats where the future music plays.
If we could switch production to other places that easily and quickly and stay competitive nevertehless (which we can't), we already would have done so. Plus some of us are big exporters ourselves, namely Germany. We need these countries to buy our stuff.
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Beijing tries not to offend Europe too much, so as not to jeopardize trade and imports of technology. And it continues to bash on NATO and the US, in order to undermine the current world order. Whether China will become the biggest? In this kind of reasoning, we are talking about the short term. But we are talking about things like productivity, efficiency, education and infrastructure. How is the middle class developing; is China going to produce more innovatively and at a higher quality. Those are much more important long-term issues. If we look at per capita income, it is far below that of most Western countries in China. It will certainly remain so in the coming decades. Both China and India each have a population of 1.4 trillion, but are their income per capita enough? No India is not going to develop economically with its current government and caste system and china is still a poor peasant republic with economic zones, to keep those peasants cowed the party has to act very shrewdly. There are so many factors than population number to say that will be the biggest market.