Why Can’t The Other Nations Beat The Usa, Japan And China In Terms Of Economy?
Posted by China Sourcing CommentatorOct 22
US, Japan and Europe have advanced technology and highly educated workforce, China has a ton of hard-working people.
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Actually Europe, as a whole is doing better than the US.
It is a difficult question.
The US has several factors that put it at an advantage over other countries
1. Natural resources and lots of them.
2. Large population
3. Politically stable
Among other things
China’s economy is only big because the country itself is huge, but in terms of per capita wealth it is still far behind.
Europe, that slow struggling body, is ahead of the US, with a combination of cheaper labour (in some parts), good education, capitlism mixed with socialism, it it is often a world power, and often a confused mess of political infighting.
Anyway, the US is rather complacent, with slipping standards of public education, poorly run companies.
South America’s economies are going to be the next to jump forward in a similar way to Asia. If they can solve political issues, they will share aspects of Asia and Europe (in being more organised than Asia).
Empires always fall, even if they last for 1000 years.
What do you mean beat?
Please tell me what you mean.
USA economy has totally gone to ****.
China is doing okay in the circumstances and japan is keeping its head above water just.
But compared to china the usa has drowned and is slowly decomposing at the bottom of the ocean.
Your economy is not at the top anymore.
And the Eu was doing alright.
Because a roaring economy means people are free spending.
In some places that kind of wastefulness will get you killed.
the world bank runs the world, and the world bank as of 2001, runs out of the federal reserve.
Because we don’t want a million of our dollars to be worth $1 US dollar…