The great economic shift

What does this mean? What we are seeing is the shift of economic power from the United States & Europe to markets elsewhere, and especially China, India and parts of the Middle East are in good shape to reap the rewards.  However, since the system is built around the countries of the G7 with the US as the main motor of worldwide consumption, co-operation between all countries is needed, or else the rise of protectionism will amplify the current situation.

I wouldn’t be surprised if in case the crisis lasts long (hopefully not) China ends up bailing the US so that its own economy can keep on growing…

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