Hi Yiwu,
Now imagine India, which has the only other billion- people economy in the world, beginning to enjoy the same kind of clout in the global economy as China. Demand for commodities will go through the roof.
Basically, I agree with this statement, if and providing the global economy doesn't go down the toilet in the intervening time frame due to geopolitical concerns, terrorism and/or rampant protectionism...
After India, we can look forward to Asia (ex- Japan, China, and India) joining the fray. Next will come Eastern Europe and Russia. After that, South and Central America will be competing, and lastly Africa will vie for whatever scant resources remain.
For the already economically developed countries of the world (USA, Western Europe, Japan, China, parts of India, Australia & New Zealand, parts of Central & South America, and parts of the remainder of Asia), the prices on commodities will be going up with precious fewer raw resources coming to the supply side of the supply/demand equation...
KJC |
