Quote:
Originally Posted by TylerSVT
They will always be top.
China is only prosperous because they valuate their dollar lower than it is to keep their cheap exports high and rake in money easily. If they try and transition to a white collar society they will see things falter pretty heavily as their exports dwindle and their imports continue to grow.
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No empire has ever held for more than a century. Out of all of them, I doubt the USA has the biggest dominance out of all of them.
China (and India) aren't called a sleeping tiger for no reason, and when you look around at where production is happening, more and more of it is going go China and India at a faster and faster pace. Large population, hard working attitude, and yes top schools with top students coming out of them as well. China has gone through industrialization to grow their economy, just like the USA did to become prosperous, but there is design going on there as well. Its also hard to ignore China strategically positioning themselves to have the resources to take them into the next century. Of coarse, low labour costs sure helps when you can pay a guy 1/10 to do the same job in Bangalore as someone in NY/California.
The scariest thing for the USA has to be, are the Asians in the USA who are producing value for America, interested in going home? I'm not an expert nor am I sourcing this, but given the large portion of Asians in the upper class, if they went home, couldn't the USA find themselves in somewhat of a "brain drain" ?