<engine of the world's economy, China,>
From Todays FT, not on the site yet.
snip
Turkey is doing better than expected. Korea has a shortage of young girls (which is sure to change the cultural complexion of the society in a decade or so). Russia and the Central Asian republics are "an ongoing disaster which is going to turn into a catastrophe". South Africa is "not going to work". Bolivia has "an extremely promising future". Venezuela has problems. Australia proved frustrating. Mexico proved corrupt. He came away optimistic about Ethiopia and pessimistic about Egypt. He was unexpectedly bullish about countries including Angola, Colombia and East Timor. "If you can figure out where there's a war now and when it's going to end, get there as fast as you can," Rogers counsels. " Angola is going to be one of the most important countries in Africa if they ever win that stupid war."
Above all, though, "China is the next great country," he predicts. "If the 19th century was the century of England, and the 2Oth century was the century of the US, then the 21st century will be the century of China. Please, if you have children, teach them Chinese. It would be the best investment you could make."
His assessments have changed since his last circumnavigation of the globe, in the early 1990s.
snap
Around the world in 1,000 days
timeoff.ft.com
also see
jimrogers.com |
