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This assumes that the EU _must_ develop economically in the traditional model. Given that this is the 21st century, it is not _necessary_ that the EU follow traditional economics. The new service-based economy will mean very different avenues to economic growth and dominance than the Industrial Revolution sported.
I'd also really like to know how you 'guarentee' that worker fluidity will not take place. Its already in the works in the EU (hell, EU citizenship ring a bell?) and will be reality shortly. I'd like to collect on your guarentee.
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If you don't believe me do a google search on the EU services model. The Unions and the protected workers in the West will not allow lower paid workers from the east to take their jobs. It is just that simple. They initially were going to allow a free exchange of services (Bolkestein directive) but just like the Growth and Stability pact and the Lisbon accords they went back on their word. The Western Europeans are too comfortable to allow open competition to occur, not to mention the power of the Unions politically in Germany and France. This issue by itself could sink the EU constitution in France.
You go on and on about the dynamic nature of the EU. I have to say I haven't seen that yet. The Lisbon accords were supposed to make them more competitive but in the years since it was signed Europe has actually become less competitive. Do you have any Idea how far Europe is behind the US as far as wealth and spending power? Here is a report from nice neutral Sweden.
http://www.timbro.com/euvsusa/
True the US is undergoing the same type of problem with Social Security but they don't pay near the benefits as the European Governments. They effect will be significantly smaller and take much longer to reach critical mass. Not to mention the culture in the US is to fend for yourself and that of Europe is cradle to the grave care.
China will be interesting. As I said they are moving in the right direction but have a long way to go. Social upheaval is a definite possibility. You have people going from horse drawn wagons to DVD players. They are being wise in the way they do things but it will take time and as the Chinese make more money they will want more. The wage dumping that is currently going on will abate as wages increase in China other areas of the globe will become more cost effective.