French research group projects gloom
iht.com
PARIS For a doomsday scenario, this one paints Europe heading for the dungeons of history as an economic force.
"The enlargement of the European Union won't suffice to guarantee parity with the United States," it says. "The EU will weigh less heavily on the process of globalization and a slow but inexorable movement onto 'history's exit ramp' is foreseeable."
By 2050, under this scenario, Europe's share of the world economy is only 12 percent, against 22 percent today, while the euro is a second class currency. North America maintains its "technological hegemony," Greater China, which includes Taiwan, grows to represent almost a quarter of the world's economy, and the Japan-Korea region's share of trade, along with the yen, declines sharply in importance.....
Cold War II
thecr.blogspot.com
I decided to do something different this week - play analyst.
I predict that there is a good chance (30%-40%) that in a quarter of a century the US and Continental Europe (“CEU”, I firmly believe that the UK will not be part of the Continental construct) will be engaged in a new Cold War.
Please remember that all predictions about the future are predicated on current trends. It is possible and even likely that these trends will change with time as people realize where events are leading. An analogy can be made to two ships on a collision course. If nothing is done, then the ships will collide. However, once the crews realize what is going on, then they will take defensive actions that may or may not be able to avert the disaster..... |
