Quote:
Originally Posted by tjinaz
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There's a lot of questions that need to be resolved before we can tell how far America will fall (or if):
- How much of their dominance has been from actual hard work and how much from not being bombed to kingdom come...twice.
- Where will the power economy turn? A lot of the numbers quoted there are of oil and oil based industries, while I think it's likely the world will turn to natural gas as a stop gap between oil and another solution
- How will China react to no longer being a natural seller? China primarily sells, so when it becomes purchasers if it tries to become a power, what does it do?
- What will the EU do if more cases like Greece appear? Regular economics states that if Greece was allowed to blow up itself, it would eventually right itself. But all the work from the EU to artificially prop up its members gets horribly expensive and messy quick.
- As always, people love to throw the other BRIC nations in...so, what about them?
- Also, I've heard quite frequently that having the "top x" Universities generally doesn't mean a whole lot. I haven't heard from my friends an improved quality of education compared to mine. Heck, my friend in U of Toronto is a little behind where I am at the U of Calgary for Engineering.