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this is part of a clear trend that will see economic power move from west to east ove
Old 01-13-2011, 02:59 PM   #1
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this is part of a clear trend that will see economic power move from west to east ove

Good info on how to invest for the next few decades

The dangers of fast economic growth in developing countries | Larry Elliott | Global development | guardian.co.uk

The second, and more important message, is that this is part of a clear trend that will see economic power move from west to east over the next 20 or 30 years. On current trends, the clock will be turned back to the days before the Industrial Revolution, when China and India – by virtue of their huge populations – were the biggest economies in the world.
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Matches up with this


the next 100 years
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Old 01-14-2011, 07:35 AM   #2
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In Dec., I split investments 50/50, Total Stock Market and Total International Stock Market. Should've gone with FTSE Ex-US, but allocation wise...

Problem solved.

-CC
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Old 01-14-2011, 07:42 AM   #3
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The sky is falling! The sky is falling! Run and tell the King!

And, FWIW, it was long before the Industrial Revolution -- during the Spice, Tea, Silk Era.

See, for example, A Splendid Exchange: How Trade Shaped the World

(For an excellent Review of the book go to A Splendid Exchange: How Trade Shaped the World - The Region - Publications & Papers | The Federal Reserve Bank of Minneapolis)
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Old 01-14-2011, 09:31 AM   #4
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An excellent book. I enjoyed it and recommend it.
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Old 01-14-2011, 12:27 PM   #5
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This is a good question especially for me since I will be retiring in one of these developing country. I have lived both in developed and developing country here is my thinking. I think that developing countries grow at high rate for sometime then they will stall. First thing is that will take a lot of natural resources, this will drive commodity prices which is not good. The other thing is something about culture, in most of mentioned countries people tend to save first then spend, for growth you need someone to spend. How long you can tag on spending habits of developed world for your growth.
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Old 01-14-2011, 05:16 PM   #6
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An excellent book. I enjoyed it and recommend it.
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Old 01-14-2011, 05:54 PM   #7
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The sky is falling! The sky is falling! Run and tell the King!
A western society point of view.

What are they saying in India or China? The sky is rising! The sky is rising! Run and tell the President! ?
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Old 01-14-2011, 07:06 PM   #8
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A western society point of view.

What are they saying in India or China? The sky is rising! The sky is rising! Run and tell the President! ?
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Old 01-15-2011, 08:28 AM   #9
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A western society point of view.

What are they saying in India or China? The sky is rising! The sky is rising! Run and tell the President! ?
The USA was once completely irrelevant from a world perspective. Maybe the answer is somewhere in the middle, a balance of "superpowers" unlike that historically brief, unsustainable period when the USSR fell and there was only one real superpower. And couldn't that be a good thing if no country had unbridled influence...
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