“Made In China”
Over the next 50 years there will be many global and economic changes in this world. One in particular that is occurring right now and is certainly gaining momentum is the rise of China as the next superpower.
The term “Made in China” is what most U.S citizens along with other countries have become all too familiar with. It seems difficult now to find a product the U.S. does manufacture. Since the U.S. has stopped producing certain goods they have become dependent on other countries such as China to do their business. I feel this will help Chinas economy to continue gaining momentum on the United States. Keeping in mind the staggering numbers of outsourcing, and offshore companies doing more business for the U.S. that we once took pride in. This trend I feel has contributed a great deal to the United States slumping economy. Also China continues to challenge the U.S. with their rising auto market. They also have a cheap and efficient labor force that will work for a lot less when compared to the U.S. and other countries. This is why I do not see a change in companies going overseas for manufactured goods. Their growing economy is also expected to pass the United States by 2040 (Smil, The Next 50 Years: Unfolding Trends, Pg.622). In addition, China owns much of the U.S. national debt, which they may use as leverage when the time comes.
Furthermore like any rising nation the need for more natural resources becomes a great necessity. As I read in the article China is increasing its purchase of more crude oil and natural gas, which will help amplify the economy and financial growth for China. They say this growth will also encourage a greater boost in military spending. Some believe this spending will reach as much as the U.S. consumes today (Smil, The Next 50 Years: Unfolding Trends, Pg.622). I believe that whichever countries military dominates the land, sea, and air will most certainly have a superior advantage over other nations. With...
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