China is becoming the industrial capital of the world - What will happen to the western economies...?
...I say western regarding particulalry the UK & America which have been deeply affected by the Far East. Firstly it was Taiwan, Japan, Singapore & South Korea but recently it is more predominantly affected by China (which is just beginning) I cannot speak for France & Germany because generally the UK media coverage is not a prevalent or in depth as it is of the US. I suspect that other english speaking nations are affected - Canada & Australia. Unemployment has been steadily rising with declining industry and there won't be a reversal of industry in the UK & America... What is the solution? What will young people do now? What does the West have that the East & other parts of the world don't have? Education? I.T? What????? This article made me ask this question (but I have been thinking about this matter for some time - as I am sure many other people have to) See article here (you may have to copy/paste into browser address bar if link does not work): http://news.bbc.co.uk/1/hi/programmes/from_our_own_correspondent/9368519.stm If anyone can shed light on this matter it will be much appreciated - thanks in advance
Asked By: DRS - 1/23/2011
Best Answer - Chosen by Asker
The same thing that happened 100 years ago... More
Answered By: gws35 - 1/23/2011
Additional Answers (16)
nothing will change because the us dollar is the reserve currency once the world wakes up to this scam the usa has going and rejects the dollar then there will be real change you can believe in
Answered By: Aimee Thomas - 1/23/2011
They go bye bye.
Answered By: No Idea - 1/23/2011
China must stop abusing the rights of its people.It must stop its etrocities to poor and vulnerable and must stop silencing their voices.China is an oppressor
Answered By: Renegade - 1/23/2011
China could be the answer, not the country, just the teacups, or similar objects, which could function as alternative currency. works every time.
Answered By: m i c - 1/23/2011
China's success hinges on America. They cannot do it without us..
Answered By: vin - 1/23/2011
china is taking all of the shitty jobs we created 200 years ago during the industrial revolution? o darn....?
Answered By: cobirch2 - 1/23/2011
China basically owns America, where do you think the bail out capital is from?
Answered By: Jackie - 1/23/2011
You're right, China is becoming the industrial capital of the world. For how long though... More
Answered By: Donovan - 1/23/2011
NAFTA fucked us.
Answered By: Ryan - 1/23/2011
Now Obama says U.S. workers need to be more competitive. Exactly how competitive do U.S. workers have to be, to be able to compete with child labor working in third world sweatshops? gws35 Amen
Answered By: lux-Addo - 1/23/2011
Here is how China has done it... More
Answered By: box1927 - 1/23/2011
Depression is waiting for every country that is going through a boo, (Fact). When a country is going through a boom, it's people become more confident with their money i.e. buying shares, selling shares etc. This is never sustainable (Take the prospering 20's of USA for example... More
Answered By: KingPoet - 1/24/2011
Unless western government wise up to the fact that it would be possible to take every industrial job out of the USA Canada Europe and Australia , there still wouldn't be enough jobs to give every china man a job.. ITs quite shocking to think that china and india make up all most half the worlds population, job... More
Answered By: robert x - 1/24/2011
Politicians are short sighted
Answered By: xavier - 1/24/2011
it is big question, we will know the answer five year later.
Answered By: Expats China - 1/25/2011
China is NOT becoming the central of this world, its economy is not stable, full of bubbles and is on the break. Think of Japan in the 80s and you will understand.
Answered By: Edelbrock - 11/6/2013
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