Wednesday 17 August 2011

A NEW SHIFT IN THE WORLDS ECONOMY

Its a new dawn for the Asian Tigers and the middle income economies. Their opportunistic entry into the "the west" are now looking forward to hard times ahead 'thats for a realist'. These is because their share of the worlds strength hold markets in the international system are being ventured into by new actors, thanks to the free market economy. These new blood have come with relatively affordable goods and services that for a long time had been monopolized by the United States and the now European Union. Gordon Brown the former UK's prime minister too is a worried man, in his recent article to the Washington Post he projected a slow growth of these former iconic giants economically as London School of Economics graduate and his experiences, his word cant be taken for granted. His insight tells him so and so do I. Every where I go I see China flexing its muscles in what is called 'soft-power'. He further oversaw the Asian Tigers and the middle income countries the likes of Brazil, India, South Africa dominating a whooping 40% of the world market a size the US, England, France and Germany haven had in their last hundred years of existance as leading economies in the International System.
market has brought about a new shift in the worlds political economy. What used to be, and thought to be the worlds pillar of economy
    The only sure way of enabling a sustainable growth by the west is through increasing their exports. This means that they have to offer goods and services in a competitive arena with the upcoming economies.This will be an uphill task for them given that they have had an economic recession recently and  their companies are about to pick after receiving government bail outs.
   My big worry is how will the west cope with such economic hardships and struggles, recently China opened their markets for above standard goods to enter their market. These saw the likes of apple inc fetch good returns, making it for once the most valuable company in the world.
    Lets watch this space, ....are the military indebted west like the US go down(take a humble pie); how will they act to avert this crisis?!

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