There we have it, thirty years ago the world’s centre of economic activity was in the mid Atlantic, today it is around Turkey, in thirty years time it will have reached India and China. This is the new globalization and I’d like to hear how Western politicians plan on dealing with it.
Why should politicians deal with it? Quite apart from whether politicians can or that we’d even trust them to deal with matters economic, why on earth should they?
Who gives a shit where the centre of economic activity is ?
All we care about is that we can trade with it.
After all, it’s not like we’ve not been here before. China has been the world’s largest economy in 19 out of the past 20 centuries.
Yes, yes, I know that the question is being asked because Duncan labours under the delusion that politicans can do something about everything and under the even worse one that they should do something about everything but really. Think about what is actually happening here to move this centre. The 1.5 billion or so of South Asia and the further 1.5 billion or so of East Asia are both producing and consuming more (that’s what economic activity means, see?).
In what way is this a problem that needs something doing about it? Either they produce and consume their own stuff (fine, so what?) or they produce stuff for us to consume and we make stuff for them.
Lovely, where’s the problem?