Nov
15

Asian Ascent

By 2060, India and China are each projected to have economies larger than that of the US, and collectively 46% of world GDP, compared to 24% today. By contrast, the developed economies of Europe, North America and Japan will account for 42% of world GDP compared to 65% now. Despite this, GDP/person in China will be 59% of ours; in India just 27% of what it will be here.

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  1. This should make it clear to Congress that we need to emphasize and support education and technologies of the future with our citizens, corporations, and multinational companies (de-emphasizing the fossil fuel & war industries) rather than attempting to reduce our workers’ wages enough to compete with China and India in other jobs (which will always be impossible, given the magnitude of their populations).

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