Comments on: The shift in power from West to East

By: The Real Deal

The Real Deal — Sat, 03 Oct 2009 18:21:30 +0000

The only power shift of any meaning and consequences is between US and China. Because of size and the nature of that shift.

While many East-West countries have traded during the past 20 years, these trades have benefited all fairly equitably when summed over this period. Except US-China.

The so-called globalized trades between US-China have benefited the principally the big corporations (i.e. their balance sheets and executives) in the US, and the state in China. Because that’s the way each country wanted.

When you sum up 20 years of massive US-China trade, the balance sheet shows:

a) Giant net benefits to major US corporations. US consumers also benefited, in the short term. But over a 20 year period, they actually lost much of value, except perhaps a very good time.

b) The Chinese state has gained tremendous net benefits, and since the state dominates so much, Chinese infrastructure, consumer and industries have also shared the very large net gain.

In short, globalization has produced reasonably good net gains to world countries. But the US comes out a loser and China the winner over the long term.

By: mahesh natani

mahesh natani — Sat, 12 Sep 2009 10:47:04 +0000

Dear Sir,
It is fact to be accepted china is going to be a key player in the times to come especially in the wake of huge saving rate of 40%.China is going to world lender and may dictate the economic policies in its favour especially in regard to US especially in the wake of dependence of US govt on China for subscription of its treasuries required to finance its colossal budget deficit.

By: stiko

stiko — Sun, 14 Jun 2009 00:42:21 +0000

Every nation has a fair chance to be the winner of the game… every few hundred years. The universe has cycles.

Interestingly, all the once-great powers of the world are all on the up side: Latin America (Brazil and Mexico); Middle East (Turkey, Arab countries); Russia; India; China.

I don’t know about the others, but China somehow has a 400 year cycle of economic power. It goes Han->South/North->Tang->Ming, and Ming ended during the 1600′s.
http://en.wikipedia.org/wiki/History_of_ China
http://en.wikipedia.org/wiki/Economic_hi story_of_China

Is a new world order in place? Not present yet, but under construction maybe?

By: OKJackGroup

OKJackGroup — Mon, 18 May 2009 20:25:51 +0000

Article Sates: The Shift in Power from West to East & I’m convinced the current global economic crisis must lead to a fundamental reassessment of how power and influence is expressed through the world, from manufacturing and service oriented Asia through the oil-rich Gulf.

The preceding is an interesting article title and an equally interesting follow-on statement…both sounding more hopeful than factual, i.e., we here don’t see the beef to back up either the article title or the follow-on statement.

OKJackGroup
oklahomajack.com

By: Srinivas VR

Srinivas VR — Sun, 15 Feb 2009 01:09:28 +0000

why india is not mentioned ?
is it because a hype nation or colonial thinking ??

By: patlican

patlican — Fri, 30 Jan 2009 01:58:55 +0000

Yes, it seems like history has its cycles and it looks like the East is making a return after around 500 years.

One thing should not be forgotten though, most of the biggest investments in the East belong to western corporations or investors. Thus, as the East rises so as the West. Good for everybody.

By: Sat Goel

Sat Goel — Thu, 29 Jan 2009 06:39:09 +0000

Power is shifting from west to east is further proved by the recent report of IMF. This report says that the socalled advanced economies will suffer GDP growth of (-2%) while developing countries will contribute positive GDP growth of over 5% and this comes largely from India and China. It looks the 21st century will belong to the East.

By: Philippe Mandangi

Philippe Mandangi — Wed, 28 Jan 2009 13:34:38 +0000

The world decision-makers know exactly what has gone wrong with the international financial system that is in deep crisis and threatening to plunge the whole world to chaos. There no pride to protect national interest if tomorrow the world will collapse – something that can be avoid with the concerted effort of rich nations – because of the new cold war between the West and the East. The timing of Davos conference is critical and speeches alone will not gender change needed in this financial mess that rich nations have helped to nurture.