Shotgunner51
RETIRED INTL MOD
- Joined
- Jan 6, 2015
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If China can pull off with his project, world economic activity will shift from West and Europe to Asia. I wish all the best and i hope we can see it in our generation.
Yes I wish the same my friend.
Situation of global economic activities: In production domain, global center of gravity is in the East which accounts for more than rest-of-the-world combined in most categories, from civil engineering, heavy industries to electronics. The exactly opposite happens in consumption domain, which is centered in the West.
Long term risk: This highly polarized status quo is the source of global imbalance in payments, posing increasing severe financial challenges to existing world order.
Getting a way out: OBOR initiative (and in broader context, the Global South) aims at creating new consumption markets, new production bases, in the world between East and West.
Long term risk: This highly polarized status quo is the source of global imbalance in payments, posing increasing severe financial challenges to existing world order.
Getting a way out: OBOR initiative (and in broader context, the Global South) aims at creating new consumption markets, new production bases, in the world between East and West.
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