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• The worldwide financial balance of power is shifting from the U.S. and Europe to Asia as a result of the rapidly growing wealth of many Asian markets. Europe’s population is declining, getting older, and will be burdened by the cost of social programs without enough younger workers to finance them. North America’s population is growing, but its social programs will be growing, too. The social costs of Europe and North America will be paid for by the transfer of assets of retirees to younger Asian populaces. These workers will be able to invest their newfound wealth worldwide, and North America and Europe will be the best markets for their goods, creating stronger economic bonds.
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- Joe Webb
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