American superiority in economic trade will become of thing of the past by 2015. China is expected to surpass the U.S. as the world’s largest trader by 2015 and India will bump the U.S. from the #2 spot by 2050 as reported by CNBC.
Americans are used to seeing the United States of America excel at everything. We excel in sports, (though China beat the U.S. in both Gold medal and overall medal counts at the 2008 Summer Olympics), economics (Even in a massive recession/depression the U.S. is still the world’s largest economy), medicine (Rich foreigners coming to the U.S. for serious medical care ought to be a good sign), and military strength (Even while engaged in many wars the U.S. still ranks at the top). There is great pride in one’s nation when it is at the top of its game. That may soon be coming to an end for the United States of America and it is not necessarily a bad thing.
America has roughly 310 million people within its borders. That accounts for about 4.4% of the entire world’s population if my non-scientific numbers are correct. I did 310 million divided by roughly 7 billion. It’s close enough. For 4.4% of the world to dominate the 95.6% in such a way is practically unheard of. When we hear of news that the U.S. will no longer be the world’s superpower it disheartens us and it really shouldn’t when the nations surpassing us account for such a large portion of the world’s people. China and India combined account for over 36% of the entire world’s population. When I read that these two countries will surpass the United States of America in economic trade it makes me happy. This happiness is not on account of our fall, but on India’s and China’s rise.
How can we be so upset when by 2040 the world’s two most populated nations will be bringing hundreds of millions if not billions of people out of poverty? These people will have the chance to become educated, create businesses, introduce new technologies, create individual and world wealth, increase life expectancy rates, ad infinitum. This is beneficial to China, India, and the world as a whole, including the United States. It creates more opportunities for us here and abroad.
Who wouldn’t want the chance of prosperity for around 3 billion people?