Asia Set to Top World's Wealthy By 2050
A recent “survey” was conducted in an attempt to predict the future of international wealth and the national wealth status. As a result, the findings have “concluded” Asia will be at the top of the list as world’s wealthiest national based on per capita income by 2050.
The logistics place Singapore at the top of the list as the wealthiest residents with an estimated income per capita of $137,170. Hong Kong is next at $116,639, then Taiwan $114,093, and South Korea $107,802. The United States is predicted to be the only western nation in the top five with $100,802 income per capita. The United States current income per capita in the U.S. is $45,511, still below Norway and Singapore.
With the predictions of this survey, the strength of the economic center will be placed in the region of China and India. Whether or not this "survey" has any accuracy, the one definitive result is that capitalism is shifting and it will be much easier to become wealthy in Asia in 40 years, than it will be in the United States. Simply put, Asian countries are the primary creditor nations as the world's leading manufacturers and exporters.
Realistically speaking, these surveys rarely have much accuracy because there are so many unknown variables that can take place that would completely curb the results beyond margin of error. Also, the survey is separating city and nation by Hong Kong and China. If this is the case, the survey should include London and New York. It's more like an apples to oranges comparison, so the results can't be consistent.
Another assumption that doesn't seem to have been considered is the expected versus real birthrate of these nations. In many Asian countries, the birthrate is low and the aging population is increasing, which minimizes the chance of getting rich before they are old.
There's always a chance these predictions may be accurate because it's obvious these nations have superior and advanced education programs, and their economies are in healthier position than the United States. So say this is true, it is possible more Americans will begin migrating to economically strong nations and placing children in education systems where they can thrive on an international level. At this point, it doesn't look like capitalism is going to recover over here.
Posted by bigtex at August 22, 2012 7:25 PM
China owns so much of the US so this comes as no surprise.
Off subject, but very interesting:
“Two University of Colorado professors, one from Boulder and one from Denver, have put together an Electoral College forecast model to predict who will win the 2012 presidential election and the result is bad news for Barack Obama. The model points to a Mitt Romney victory in 2012…
“Based on our forecasting model, it becomes clear that the president is in electoral trouble,” Bickers said in a press statement.
To predict the race’s outcome, the model uses economic indicators from all 50 states and it shows 320 electoral votes for Romney and 218 for Obama, according to The Associated Press. The model also suggests that Romney will win every state currently considered a swing state which includes Florida, Virginia, North Carolina, Ohio, Pennsylvania, Wisconsin, Minnesota, New Hampshire and Colorado.”
I forgot to add; these 2 professors have never been wrong since the election of Ronald Reagan.
Frank, of course it’s important. If we are going to continue to innovate money is a report card for how we are doing.
BZA, I believe this Frank is a commercial. These clowns are getting pretty good at advertising and trying to fit into the conversation. You just talked with an advertisement link:)
That’s not Frank, that’s a Chinese contractor pretending to be Frank in order to get you to click on the link.
Nate Silver did an analysis of the model from the CO prof’s. Their model did NOT predict anything. It’s a new model. Complete baloney. Don’t waste your time on that stuff.
There are many polling organizations and many sites compiling electoral map outcomes. They consistently show Obama with a large lead. For Romney to win at this point, he would have to take every single swing state. Many of those swing states show an Obama lead of 4 - 6 percent, which is beyond the margin of error. It would take an enormous sea change for the outcome of this election to change.
But strange things do happen, totally unexplected things. Even 85 days can be an eternity in politics. Polls are interesting sources of information, but only the vote matters.
That Frank just got deleted. Thanks guys
Almost sounds like you are advocating increased investment in education like the Obama administration has been pushing instead of the drastic cuts in the Ryan”plan”.
Perhaps it will help to negotiate trade agreements with some of these growing economies like Korea for example…damn, Obama already did. Can’t back that now.
I got it..we should invest in broadband improvements, research and infrastructure to help American business become more competitive…nope, can’t do that either, damn the man.
Well, we should probably be prudent and refocus a major chunk of our navy and other military capabilities to the region just to make sure our trade routes stay open and China doesn’t start bullying their neighbors and trying to shut us out. Maybe firm up relations with some of our allies and open doors to others…arrr! again BO beat us to the punch! How the hell does such a “small” man keep doing stuff like that? Guess you are right. Capitalism just doesn’t stand much of a chance there, not when Obama keeps pushing for all the things we need to do to revitalize it so we have to oppose them. Our hands are tied.
of note: New CBO report that concludes major projected deficit reduction will harm the economy significantly:http://www.cbo.gov/publication/43539
bills writes; “Almost sounds like you are advocating increased investment in education like the Obama administration has been pushing instead of the drastic cuts in the Ryan”plan.”
When have we reduced investmemnt in education in the last 50 years? And, what do we have to show for it…not much.
Throwing money at education at the national level is truly a waste with dismal results. You need to actually look at Romney’s plan, and then we can talk about it.
I know, I know, the answer for every problem is more government spending or another government program, or more government regulation…or better yet, a combination of all three.
Royal & Bill
Royal is right. More money does not mean better educational outcomes. If it did, we would have by far the best educated people in the world and schools systems in NY or Washington would be turning out top students.
We need to reform the system … always.
We need to have a public school system, but it need not be delivered by a public bureaucracy is all cases. We have lots of great public schools and public school teachers, but we have no great public school teachers’ unions.
Merely throwing more money at failing schools is like nourishing cancer cells. We have to cure the disease, not feed it.
The key to success is Charter schools. I have a friend who graduated several years ago and is teaching in a Charter school in Ohio. She loves her job and she don’t have to support the teacher’s union. When she graduated from college, she tried to get a job in several public schools, but was unable to get hired due to the union. She makes as much as her public school counterparts.
Charter schools creates competition and forces public schools to compete to survive.
I agree about the charter schools, but we need to be clear. When we use the word, competition, the enemies of freedom use it against us to imply that we advocate a competition that will leave one winner and wipe out others.
What we are really talking about it choice. People will make a variety of choices to satisfy a variety of needs. Currently only the rich has such choices. The rest of the folks are trapped in a monopoly too much controlled by teachers unions unconcerned with teaching.
Not every child can be educated to any significant degree unfortunately. My wife was first a teacher and then an educational diagnostician in public schools for over 30 years. She tested children for learning and other disabilities and if present, would prepare special education plans with the parents and teachers input.
Special ed has a myriad of regulations, both state and federal, and costs are significantly higher than regular ed.
In some cases, children are so impaired that at most, some of them might eventually, and with great expense, learn to tie their own shoes.
I have great sympathy for both these children and their parents. And, I ask, is it the best use of scarce educational resources, to spend hundreds of thousands of dollars on a child who can never learn to read and write, or function normally in our society? Could all these dollars be better spent on children who have some chance of being educated?
C&J, you are correct about competition. When I said compete to survive, I was referring to competition that would force public schools to actually be successful or lose students (also losing tax dollars) and allow parents to have an option. Competition is always good for the consumer.
Re/Royal’s remarks; I have a close friend who’s son went through the special ed program. He is about 19 years old now and a great kid; but only has the mentality of a 7 or 8 year old. He cannot read or write and has the comprehension of a child. I don’t know that his education really did anything for him, but I imagine it cost the tax payers a lot of money.
…And the reason so many of these Asian countries are investing heavily in education is what again? Of course money is not the only answer, neither is cutting funding, especially for higher education or cutting funding that enables more bright students to attend college as the Ryan budget does.
Hard to believe RF does not understand what we have gotten from education…how’s Silicon Valley for starters.
It could have been much worse. An Coach Factory Outlet examination of the sabotage revealed why government officials Louis Vuitton Belts and computer experts found the attack disturbing.Aramco’s oil production Coach Factory Outlet operations are segregated from the company’s internal communications Gucci Belts network. Once executives were assured that only the internal communications network had Coach Factory Outlet been hit and that not a drop of oil had been spilled, they set to work Coach Factory Outlet replacing the hard drives of tens of thousands of its PCs and tracking Coach Factory Online down the parties responsible, according to two people close to the Coach Outlet Online investigation but who were not authorized to speak publicly about it.Aramco Coach Outlet Online flew in roughly a dozen American computer security experts. By Coach Online Outlet the time those specialists arrived, they already had a good handle on the Coach Factory Outlet Online virus. Within hours of the attack, researchers at Coach Outlet Online Symantec, a Silicon Valley security company, began analyzing a sample of Coach Outlet Online the virus.That virus called Shamoon after a word embedded in its code Coach Factory Outlet was designed to do two things: replace the data on hard drives with Hermes Belts an image of a burning American flag and report the addresses of infected computers Coach Outlet Online a bragging list of sorts back to a computer inside the company’s Coach Factory Online network.Shamoon’s code included a so-called kill switch, a timer Coach Factory Outlet set to attack at 11:08 a.m., the exact time that Aramco’s computers Hermes Belts were wiped of memory. Shamoon’s creators even gave the erasing mechanism a Coach Factory Online name: Wiper.Last May, researchers discovered that Flame had been siphoning data from computers, mainly in Iran, for several years.
What, then, are the characteristics that make an MSA likely to spawn successful neologisms? It’s well established that Coach Outlet Twitter has a higher rate of adoption among African Americans than other ethnic groups, and so it perhaps isn’t Coach Outlet surprising that they now find that innovation centres, as well as being highly populated, have a higher proportion of Coach Outlet African Americans, and that similarity of racial demographic can make two urban centres more likely to be linked Coach Outlet in the influence network. There is a long history of adoption of African American slang (cool, dig, rip off) in mainstream Coach Outlet Online US culture, so these findings agree with what we might expect.Not only has he been sacked, but he now risks losing his Coach Factory Online home as well, situated almost next door to his former workplace, the Papal apartments on the top floor of the Coach Outlet Online Apostolic Palace.The Gendarmerie explained that this was done to prevent Gabriele from harming himself, Coach Outlet and that he himself had asked for the light to be left on at night and was given a sleeping mask.
Surprisingly real Chanel handbags price much less to possess compared to replications .. Is not look-alike is really a fragile make an effort to help to make cheap designer handbags phony seem good? Obviously it’s obvious it will cost much more in the beginning for any real genuine Chanel tote. No one might don’t agree presently there. In the event that you will notice the actual long term image nevertheless there’s much more to comprehend. Genuine Chanel bags maintain their own worth for several years. The actual tote you acquire these days it’s still really worth a great deal within 5 as well as within 10. This can not really chanel tote bags the situation for any “replica”. Phony totes don’t actually final which lengthy. Top quality leather-based requires a lot more function to create as well as endures for a long time compared to less expensive leather-based, even if this appears comparable in the beginning. Chanel totes are created along with just the best obtainable supplies. A few Chanel totes possess actually valued within worth a great deal with time because the a few styles tend to be therefore uncommon as well as uniqueTake a while looking at the marketplace you will notice the actual developments. Search for distinctive supplies such as Python, or even totes which have an account such as the innovative two. fityfive Chanel Bags online store traditional. Each and every Chanel tote is actually hand painted through skilled projects individuals. Several years proceeded to go in to refining their own abilities plus they consider satisfaction within the top quality items these people help to make. Every stitch is actually stitched in order to demanding requirements. Due to this Chanel totes frequently nevertheless seem like brand new within 5 many years because once they tend to be very first created. Nearly all women realize in order to correctly take care of their own cherished tote. Cleansing as well as moisturizing cheap bags online is important because is actually utilizing items associated with high quality high quality, such as your own Chanel handbag.
A terrific way to begin is actually to locate a very first high quality pre possessed tote which means you obtain a low cost to start with. Whenever buying on the internet from auction web sites, the industry primary location to locate a real Chanel tote have a near consider the vendor very first. Question them lots of queries as well as examine their own background as well as status. An honest vendor Emporio Armani Watches ideals their own status and can enjoyably react to all your queries in greater detail simply because they possess absolutely nothing to cover. Because it is advisable to obtain a almost ideal such as brand new tote demand they’ve the invoice from the organization who’s sanctioned to market Chanel bags such as Saks sixth Ave or even from the Chanel shop. It’s very important they’ve all of the unique dirt tote, sales brochure as well as proprietors greeting card. The actual amounts about the greeting card completely should complement the actual amounts about the tote as well. Of all of the kinds of Chanel bags the actual Traditional as well as 255 Reissue Flap totes possess well-liked as well as long lasting design. All of the carrier totes will also be searched for being that they are helpful in addition to beautiful. The actual Chanel Clutch system totes in many cases are minimal utilized because the clutch system is usually just utilized heading out for that night. Coco Chanel as well as Karl Lagerfield come with an creative attention which views as well as declares traditional processed style such as couple of additional. In the end Coco is actually acknowledged along with inventing “the small dark dress” that is recognized therefore nicely it’s some thing just about any ladies should have. The actual Quilting associated with leather-based is actually an additional personal design due to the woman’s innovation. After that consider the cheap armani watches Chanel match that has turned into a a part of style background. Simply because Chanel is definitely an star associated with traditional style. Chanel bags as well as handbags possess and can keep worth with time. Marvelous Chanel bags will be in sought after demand through fashionable ladies because the day time we were holding launched, tend to be probably the most cherished of bags, as well as will still be for any lengthy very long time.
Payday loans are very short term loans associated Louis Vuitton with usually 1 or 2 many days. Or even qualified to advantageous the pay day for the stipulated time, you could have the chance to rotate it out. Why are pay day loans wanted? Payday advance orLouis Vuitton UK a lawsuit advance may very well be required all typically the month for assembly urgent expenses for instance medical fees, power bills, phone bills, household rent, many other utility bills or any type of otherLouis Vuitton Outlet
unforeseen expenditure. During these cases, fast cash advance or perhaps a loan is typically a possibility beyond a painful financial situation. Occasionally it usually is wise to obtain pay day loans to obtain out from a tight financial UGG UK predicament. Many of the occasions in which it usually is aware of get your self cash advance are middot. The cost on the bounced examine may total more than the cost of picking a salaryday. While not making the paymentUGG Boots could reflect on your credit history. info as well as a personal cheque. You’ve got to be satisfied that you happen to be getting a pay day or lawsuit advance for the best causes. Truly the only major punishment of a pay day loans or money advance is the fee needed, which may look to become trivial amount but could possibly UGG Sale mean a tremendous sum if you happen to took it all with a long-term standpoint. The values ??for payday advances of some several weeks are very reduced but if you act like you can not are worth it the money by the due date, you will need to shell out very steep fees, that could be very hard to carry. Studies have shown the number of individuals currently taking payday loans or even a loan as well as the amount of companies supplying payday loans are actually growing. In case you are considering applying for online payday advance, just apply for a person loan at the same time. At the time completed, mt4 forwarded to the online payday advance merchant for analysis. The number of the exact approved cash advance depends on several criteria, usually per month income, primary deposit, length at residence and even job, accessibility to bank statements and paycheck slip, volume of excellent NSF’s and other payday loans online. Tend to be given larger loan quantities than brand new candidates.