Such growth would solve America's problems, too. Unfortunately, overall world growth cannot exceed the growth of the world population.... except by debt and inflation.... and they have later consequences. If one region/country has high growth, necessarily another must lag.
There is no problem in US. US is a great country- 5% of world population consume 25% of global resources..what else you need? Its all GREED. Even homeless people in US eat eggs and chickens. When i heard eggs at 99 cents per dozen and a five-pound roasting chicken at $ 5 can be purchased in US, i was shocked !
Look at these deals available in US online: 1) Samsung - 32-inch 720p LCD HDTV Energy Star for $329.99 My God ! I have recently purchased 32 inch LCD for about $ 650. I live in developing Asia ! 2) Kingston 8GB DataTraveler 101 Generation 2 USB Flash Drive: $9.99 My God ! I have recently purchased it for $ 20 from Asia ! 3) HP 17.3" DV7 Laptop PC: $578 My God ! I have recently purchased Dell 15.6 " for $ 1100 from Asia ! What a great country US is. Wish i was born in US in middle class family !
I am not sure if king fisher is being facetious... but everyday as americans some of us are thanking God or good fortune for winning the global population lottery. How often do we tell our kids finish your food some people don't have any. Whenever we get to play golf or view the sunset, we can't help but feel incredibly blessed.
Indian will NEVER become economical power in zillion year. The reason is in their blood. they don't have ambitious becoming a world dominate force, not even regionally.
Default is not a surprise because Reserve Bank of India permitted Rahul Gandhi promoted MFIs to collect 52% interest from farmers without sharing their risks and responsibilities.