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09-26-2006, 11:21 AM | #1 (permalink) | |||
Artist of Life
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Emerging Economic Powers, and the US' place in the Future (NO LEFT V RIGHT ALLOWED)
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First of all, no right v left. I've seen many a thread fall victim to this, and am hoping that we can keep this topic a civil debate on factual information, and contributing opinions. This thread is for discussion, NOT shooting other people down. No argumentul ad homien; as stated earlier, do not attack people. __________________________________________________________________ The foundations of power today are shifting. With peak oil on the horizon, many countries are beginning to reshape their economy to fit the new trend of ecologically sound energy sources. Quote:
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How do you think competition for raw materials will affect relations with these emerging economies? How can the US cope with the changes taking place? Will we see a less predominant US influence in the world, or more so? I'll start off. The US is undergoing some hard times, and China is in a position where it can challenge, rather than work with us. I guess it depends on how beneficial China views their trade with the US. The trend towards less oil based energy is fantastic, but it will definately have a harsh transition in the US, as well as a few other oil based economies. Could definately reshape the power distribution in the world. It will be interesting to see whether these emerging powers chose to actively spread their influence, or maintain a neutral standing. Subjoin: EIA Program Contact: Linda Doman, (202) 586-1041 EIA Press Contact: National Energy Information Center, (202) 586-8800 , or, Infoctr@eia.doe.gov Last edited by Ch'i; 09-26-2006 at 11:50 AM.. |
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09-26-2006, 11:38 AM | #2 (permalink) |
“Wrong is right.”
Location: toronto
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I think there will be a great balancing out.
Last year when I went to Hong Kong I expected a great deal of fascination with the west. I had been brought up with the stereotype of the "Chinese Tourist" - who loved everything from the West. When I got there I quickly realized that they really weren't as concerned as I thought. They were doing fine, thank you very much. The big news when it came to booming economy, or most other things, came out of Singapore, Mumbai or Shanghai. The sad part, and I hope I'm wrong, is that their reckless pursuit of capital is likely to send them down the same unsustainable path that the West has tread. Worst case scenario would be a hostile expansion by these new powers, into new markets, which are eventually necessary for any capitalist power. As far as raw materials, I am excited to live in a country where we have a lot of natural wealth.
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09-27-2006, 03:58 AM | #3 (permalink) |
warrior bodhisattva
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Location: East-central Canada
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Much of the impact hinges on which side of the trade balance you're on. The U.S. isn't in great shape and is underperforming on the most significant current trends.
As demands for energy and construction spike (e.g. in China and India), so do resource prices, especially when you factor in every growth-related product. Anyone who has been invested in steel, oil & gas, fertilizer, and uranium for the past couple of years are making a killing and will be for some time to come. Considering America's astounding natural resource import/export deficit, they aren't just missing out on economic gains, they're paying inflated prices for the same resources. The difference is that China and India are able to post trade surpluses through the support of other industries... this is something that is of grave concern to the U.S., and rightly so.
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09-27-2006, 04:35 AM | #4 (permalink) | |
Psycho
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allowed, economic, emerging, future, left, place, powers |
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