> Growth is next to zero in many first world economies. Most of Europe is basically not growing. Only Germany is. Many economies in Latin America are doing poor

> Growth is next to zero in many first world economies. Most of Europe is basically not growing. Only Germany is. Many economies in Latin America are doing poorly Look beyond the 3-year or even 10-year perspective. All of Europe and most of Latin America is doing visibly better than 25 years ago in terms of infrastructure, life expectancy, disposable income etc. Even after three years of a massive economic crisis, Brazil is a better place to live than in 1990. While Japan is the same - just older.