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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (98230)	5/14/2003 3:29:30 AM
From: D. Long	Read Replies (1) \| Respond to of 281500

The "gloom" projection was: "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..... The euro may be a popular exchange currency in 2050 or not, but demographic trends tend to indicate the above is highly probable... Derek