Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I've spent a lot of time overseas in Asia over the past few years. While i've been abroad i've noticed incredible development and economic progress in most asian nations across the board. It's pretty evident throughout SE Asia and of course mainland China. The economies are red hot. In one particular asian country i've resided in the middle class has made significant noticeable gains in quality and standard of living in just 5 years. While europe and the U.S. were crumbling housing in 2008 real estate has been rising steadily throughout Asia.
I've also noticed a lot of professional returnees too. Asian-americans and the like with professional degrees and backgrounds going to Asia to start up their businesses. It's a reverse brain drain. Some of them have made a mint in various industries without having to deal with the classic glass ceilings in the U.S.
Are we seeing a historical cycle here or passing of the torch? I feel in some ways the U.S. has reached a peak and it's on the decline. The death of the blue collar industry, the financial bust, class warfare, etc.. signals something much darker on the horizon for the U.S. and possibly the western world in general.
I've spent a lot of time overseas in Asia over the past few years. While i've been abroad i've noticed incredible development and economic progress in most asian nations across the board. It's pretty evident throughout SE Asia and of course mainland China. The economies are red hot. In one particular asian country i've resided in the middle class has made significant noticeable gains in quality and standard of living in just 5 years. While europe and the U.S. were crumbling housing in 2008 real estate has been rising steadily throughout Asia.
I've also noticed a lot of professional returnees too. Asian-americans and the like with professional degrees and backgrounds going to Asia to start up their businesses. It's a reverse brain drain. Some of them have made a mint in various industries without having to deal with the classic glass ceilings in the U.S.
Are we seeing a historical cycle here or passing of the torch? I feel in some ways the U.S. has reached a peak and it's on the decline. The death of the blue collar industry, the financial bust, class warfare, etc.. signals something much darker on the horizon for the U.S. and possibly the western world in general.
In spite of the economic problems the U.S. is facing, its GDP is still the highest of any country in the world. U.S. GDP per capita is also higher than that of Japan, Germany, the U.K. or any other highly populated country. According to a recent chart posted on the world forum, the U.S. has less than 5% of the world's population, but 39% of the world's millionaires. All of Asia is much less than that.
Location: The western periphery of Terra Australis
24,544 posts, read 56,054,732 times
Reputation: 11862
Quote:
Originally Posted by BigCityDreamer
In spite of the economic problems the U.S. is facing, its GDP is still the highest of any country in the world. U.S. GDP per capita is also higher than that of Japan, Germany, the U.K. or any other highly populated country. According to a recent chart posted on the world forum, the U.S. has less than 5% of the world's population, but 39% of the world's millionaires. All of Asia is much less than that.
Location: The western periphery of Terra Australis
24,544 posts, read 56,054,732 times
Reputation: 11862
Quote:
Originally Posted by OZpharmer
But I think Japan should be taken off of this "list." Its economy has been shrinking over the last two decades or so.
Defining the new land of opportunity also depends on what countries in Asia you're talking about.
I think even developing nations such as Cambodia are on the upswing. India is looking up as well, although they still face MASSIVE problems there are a few encouraging signs. Look back to 1985, much of Asia was in dire poverty, today there's still poverty but it's not as desperate. Africa, on the other hand, barely seems to have improved.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
