The GFC and Shifting Economic Power


Once upon a time (a long long time ago) I read a science fiction novel.  The name escapes me.  The tale was set in a future world where Europe was a sedentary, failing part of a new and vibrant world with new power alignments.  It would seem that that future world has become reality, financially speaking.  We are watching the demise of the Atlantic economic powerhouse (USA, UK, Europe) and the rise and rise of the Pacific economic powerhouse (USA, Japan, Korea, China, India, South America).  Australia is beautifully positioned to benefit mightily from this change if it can cut the apron strings of its UK, European origins.  Paul Keating (love him or hate him) appears to have been right when he indicated that Australia’s future was as part of Asia.  Kevin Rudd (love him or hate him) also appears to see this as our future also.  Europe will become increasingly irrelevant to Australia’s interests and the sooner we embrace our place in the Pacific economic powerhouse, the better.

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About deknarf

Australian born and bred who has spent most of his working life in R&D and IP management with earlier forays in the newspaper industry and martial arts. Fortunate enough to be living in one of the best countries in the World, even though I might get grumpy with it from time to time.
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