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As technology increases connections between actors in the global economy, speed of change seems to be increasing as well. While I agree that the change won’t b
by LyndsySimon 8y ago
As technology increases connections between actors in the global economy, speed of change seems to be increasing as well.
While I agree that the change won’t be a “grand event”, I don’t think it’ll take anywhere near half a century to happen. I expect it’ll happen over a decade or less and will largely be invisible to US consumers until the larger effects of our weakened currency become apparent.
I expect the rise of China as the dominant economy will be rapid and will take most people by surprise - barring, of course, a major downturn in either major economy.