The IMF has allowed the Chinese renminbi to become part of its Special Drawing Right from next October, the third largest after the dollar and the euro.
China and India are both now growing much faster than the West. Their greater populations mean that their output will overwhelm the West’s well before 2100.
Their brutal realism about international economic relations, so similar to the attitudes of Britain in 1815 and the United States in 1915, will ensure their success.
Just as the 19th Century belonged to Britain and the 20th Century to the United States, so the 21st Century will belong to them – with no other obvious claimant to the 22nd.
More: Moving Into a Chinese-Indian World - The Globalist
China and India are both now growing much faster than the West. Their greater populations mean that their output will overwhelm the West’s well before 2100.
Their brutal realism about international economic relations, so similar to the attitudes of Britain in 1815 and the United States in 1915, will ensure their success.
Just as the 19th Century belonged to Britain and the 20th Century to the United States, so the 21st Century will belong to them – with no other obvious claimant to the 22nd.
More: Moving Into a Chinese-Indian World - The Globalist
