America’s Economic dominance

**cobalt007** · January 27th, 2008, 12:04 AM

According to Frank Brown, an American who is the head of Insead, an international business school near Paris, France. Read the interview in U.S. News and World Report online by clicking here http://www.usnews.com/usnews/biztech...brownqanda.htm
Now, if this trend is unstoppable, what should we be doing to continue growing/preserving wealth? i.e. if you can't beat 'em, how do we join 'em?

**liowkc** · January 27th, 2008, 06:10 AM

Honestly I don't think American's economic dominance will last for another 50 years . History had shown that power wanes with time and clearly America is past her prime.

**felics** · January 27th, 2008, 06:14 AM

The emerging economic giant right now is China. You will notice that many products from almost anything are made from China. Japan used to occupy this place but not now.

**liowkc** · January 27th, 2008, 07:28 AM

Originally Posted by 100683

The emerging economic giant right now is China. You will notice that many products from almost anything are made from China. Japan used to occupy this place but not now.

China has always be the hot favourite to be the next economic power; but I am not too sure to place my chips on it. All I know that it is a fact of histiry that great powers are bound to rise and fall.

**porgy1000** · January 27th, 2008, 02:06 PM

HHHMMMM ok, and this will change my FICO scores how? and exactly what does all this have to do with Orchard Bank cards or American Express?

Maybe its me, but I just figured that this site was specific to finding credit cards and info that we could all use to better our futures.

Exactly what china or japan does will hardly change your fico score or find a good deal on a credit card.

Although it is all interesting reading, it is really NOT relevant to this web site.

**descorpio** · March 17th, 2008, 06:48 AM

I would like to bring out some points about the impacts of US recession. As a result of this, i think the most hit country was INDIA. Because most of their exports go to US and recently the indian ruppee got appreciated and is surging. Also the major industry IT industry is suffering the most now. Because of the outsourcing issue, most of the companies hesitate to renew the contracts and delay in giving the projects to them.

So the intake and the profit margins of the Indian IT industry is coming down leaving a big question mark on the future of the indian software engineers. What do you think about this??

**descorpio** · March 17th, 2008, 06:50 AM

I also think that China is a strong emerging nation interms of their economic growth. And what do you people think about India as an emerging nation? I feel like both the asian giants have a closer niche in succeeding each other..

**luckylique** · March 17th, 2008, 12:58 PM

Originally Posted by 101155

I also think that China is a strong emerging nation interms of their economic growth. And what do you people think about India as an emerging nation? I feel like both the asian giants have a closer niche in succeeding each other..

I agree with Porgy.... and it sounds like you want to take an one-line course in economics.

**Meya** · March 17th, 2008, 06:45 PM

I must admit that ECON 1&2 was a cool course, but it soemthing that I am glad is over with. I would recommend the class to anyone that has a thing for our economy.

**sophie** · March 18th, 2008, 08:45 AM

You don’t need to take a course in economics to understand it. Politics and economics are open to perception and persuasion and are not always just as simple as taking a course. It seems like everyone here understands the basics so why say that?

**luckylique** · March 18th, 2008, 09:54 AM

Originally Posted by 101096

You don’t need to take a course in economics to understand it. Politics and economics are open to perception and persuasion and are not always just as simple as taking a course. It seems like everyone here understands the basics so why say that?

I said it first, because I have taken Macro and Micro online. And from my experience I know that this topic is perfect for that type of situation. It has nothing to do with this site.

Secondly, because I thought it!

**descorpio** · March 18th, 2008, 11:06 AM

Sophie is right. To comment about this we do not want to be a professional in this field. Any citizen of a country will try to know about its political and economical situations and that is what we all do except the masters in this. I think only interest to know is important and anyone can expose it. But i am always fond of studying about economics. And thats how i get to know the country's growth.

**Finance Globe** · March 18th, 2008, 07:37 PM

Both micro and macro econ courses are wonderful, and give you a basis for understanding the underlying circumstances involving world economies. Yes, you do learn as you go in life, however, these are the 2 most practical courses that I have taken, that I will put to use for the rest of my life. I don't think that anyone here is pushing classes on anyone or making suggestions, they are just recommendations!

**Meya** · March 18th, 2008, 11:50 PM

Thanks for the clarification FG!

**sophie** · March 19th, 2008, 09:01 AM

I did not assume that someone was pushing classes. I was simply making a point that you do not need to take classes to understand economics or politics. I do not remember a thing from my micro/macro classes.