2020: US will remain the world superpower

[Stunt]

I know the source is a blog, and a biased one at that, the content within is extremely interesting. Basically the head of Deutsche Bank in France predicts it will be population growth in the United States that will stimulate the next phase of economic growth.

With 1% a year in population, the US economy will grow to up to $18 trillion. With legal immigration of 600,000 (0.2% of population), the vast majority of US economic growth will come from the population increases from illegal immigrants coming to the US.

Interesting to see the new US economy being dependent on illegal immigrants and immigrants. With the potential to generate wealth in their new homeland, these immigrants are creating an emerging market in your backyard!

In 2020, the United States will remain the world superpower, with a total GNP of approximately $17 trillion to $18 trillion. Thanks to its dynamic demographics (1% annual population growth), a productivity and a competitiveness amongst the best in the world (currently second in the world and far out in front of Germany (13th) or France (26th) according to statistics from the World Economic Forum), and thanks also to its constant drive to create and innovate, and with flexibility due to the mobility of its labor force, the United States will maintain a clear advantage over China and India and will widen the gap with Europe. With average per capita salaries of approximately $55,000, the income of the average American in 2020 will be 1.5 to 2 times greater than that of a European; five times higher than that of a Chinese and nine times more than that of an Indian (approximately $6,000 per capita).

In Europe, Germany, France, along with Italy and the United Kingdom, should lose ground in the world competition with a GNP per country of about $2 to 2.5 trillion.

While European countries will remain rich in terms of per capita income (about $32,500), their relative weight will decline with their demographics and weaker growth (on average, almost half as much as the United States). Countries like Spain or Ireland will experience a higher level of development than the European average, thanks to a wider opening of their economies to the outside, the dynamism of their investments, good population growth forecasts and effective immigration policies.

link

As for that blogger, I guess he didn't read the article too well, it's NOT Europe's socialism holding it back, but its immigration policies stagnating the economy. Their standard of living will not diminish with this.

 

[charrison]

Originally posted by: Stunt
I know the source is a blog, and a biased one at that, the content within is extremely interesting. Basically the head of Deutsche Bank in France predicts it will be population growth in the United States that will stimulate the next phase of economic growth.

With 1% a year in population, the US economy will grow to up to $18 trillion. With legal immigration of 600,000 (0.2% of population), the vast majority of US economic growth will come from the population increases from illegal immigrants coming to the US.

Interesting to see the new US economy being dependent on illegal immigrants and immigrants. With the potential to generate wealth in their new homeland, these immigrants are creating an emerging market in your backyard!

In 2020, the United States will remain the world superpower, with a total GNP of approximately $17 trillion to $18 trillion. Thanks to its dynamic demographics (1% annual population growth), a productivity and a competitiveness amongst the best in the world (currently second in the world and far out in front of Germany (13th) or France (26th) according to statistics from the World Economic Forum), and thanks also to its constant drive to create and innovate, and with flexibility due to the mobility of its labor force, the United States will maintain a clear advantage over China and India and will widen the gap with Europe. With average per capita salaries of approximately $55,000, the income of the average American in 2020 will be 1.5 to 2 times greater than that of a European; five times higher than that of a Chinese and nine times more than that of an Indian (approximately $6,000 per capita).

In Europe, Germany, France, along with Italy and the United Kingdom, should lose ground in the world competition with a GNP per country of about $2 to 2.5 trillion.

While European countries will remain rich in terms of per capita income (about $32,500), their relative weight will decline with their demographics and weaker growth (on average, almost half as much as the United States). Countries like Spain or Ireland will experience a higher level of development than the European average, thanks to a wider opening of their economies to the outside, the dynamism of their investments, good population growth forecasts and effective immigration policies.

link

As for that blogger, I guess he didn't read the article too well, it's NOT Europe's socialism holding it back, but its immigration policies stagnating the economy. Their standard of living will not diminish with this.

Their standard of living may not dimish, but it appears it will not grow either. The article also does not state that the population growth is the key function to economic growth, but one of the many factors.

 

[0roo0roo]

naw, they simply gotta start making more babies. stupid euros. unless they choose wisely who to let into their country they are just oging to increase their current problems of muslim immigrants not wanting to assimilate etc.

 

[Stunt]

Originally posted by: charrison
Their standard of living may not dimish, but it appears it will not grow either. The article also does not state that the population growth is the key function to economic growth, but one of the many factors.

Thanks to its dynamic demographics (1% annual population growth)

All the other growth causes are already inherent in the US economy...it specifically focuses on the population growth being the key to growth.

 

[charrison]

Originally posted by: Stunt

Originally posted by: charrison
Their standard of living may not dimish, but it appears it will not grow either. The article also does not state that the population growth is the key function to economic growth, but one of the many factors.

Thanks to its dynamic demographics (1% annual population growth)

All the other growth causes are already inherent in the US economy...it specifically focuses on the population growth being the key to growth.

Thanks to its dynamic demographics (1% annual population growth), a productivity and a competitiveness amongst the best in the world (currently second in the world and far out in front of Germany (13th) or France (26th) according to statistics from the World Economic Forum), and thanks also to its constant drive to create and innovate, and with flexibility due to the mobility of its labor force,

You stopped reading after the first comma...

 

[Stunt]

You didn't catch when I said this: "All the other growth causes are already inherent in the US economy" (other than population growth)

 

[charrison]

Originally posted by: 0roo0roo
naw, they simply gotta start making more babies. stupid euros. unless they choose wisely who to let into their country they are just oging to increase their current problems of muslim immigrants not wanting to assimilate etc.

They should have plenty of babies. I know in Germany the state provides 3 years of paid maternity leave. But I guess the cost of that in taxes is too hgh to actually make work.

 

[charrison]

Originally posted by: Stunt
You didn't catch when I said this: "All the other growth causes are already inherent in the US economy" (other than population growth)

Just because they are there, does not mean they can be ignored.

 

[Stunt]

Originally posted by: charrison

Originally posted by: Stunt
You didn't catch when I said this: "All the other growth causes are already inherent in the US economy" (other than population growth)

Just because they are there, does not mean they can be ignored.

No...but if you ask the question "what will be the fundamental economic change for the future"

ans: "immigration"

 

[charrison]

Originally posted by: Stunt

Originally posted by: charrison

Originally posted by: Stunt
You didn't catch when I said this: "All the other growth causes are already inherent in the US economy" (other than population growth)

Just because they are there, does not mean they can be ignored.

No...but if you ask the question "what will be the fundamental economic change for the future"

ans: "immigration"

And even without immigration, our economy would continue to grow.

 

[Stunt]

Originally posted by: charrison
And even without immigration, our economy would continue to grow.

I don't think so, not even close to the growth experienced of the last decade or so. Population will be your driving force.

 

[0roo0roo]

Originally posted by: charrison

Originally posted by: 0roo0roo
naw, they simply gotta start making more babies. stupid euros. unless they choose wisely who to let into their country they are just oging to increase their current problems of muslim immigrants not wanting to assimilate etc.

They should have plenty of babies. I know in Germany the state provides 3 years of paid maternity leave. But I guess the cost of that in taxes is too hgh to actually make work.

i guess they should shift those taxes onto the single people as punitive taxes or something

 

[charrison]

Originally posted by: Stunt

Originally posted by: charrison
And even without immigration, our economy would continue to grow.

I don't think so, not even close to the growth experienced of the last decade or so. Population will be your driving force.

IF that is the case, how is europe as a whole going be able to be able to grow their economy as the report states with a shrinking populaiton?

 

[Stunt]

Originally posted by: charrison

Originally posted by: Stunt

Originally posted by: charrison
And even without immigration, our economy would continue to grow.

I don't think so, not even close to the growth experienced of the last decade or so. Population will be your driving force.

IF that is the case, how is europe as a whole going be able to be able to grow their economy as the report states with a shrinking populaiton?

They won't be as stated by the article, this is why the US will maintain its superpower status.

The whole article explains how population will be integral to growth. Spain and Ireland are the exceptions because of their unusual population growth.

 

[Stunt]

Projected Populations
notables:

2005:
1 China 1,306,313,812
2 India 1,080,264,388
3 United States 295,734,134
10 Japan 127,417,244
11 Mexico 106,202,903
18 Iran 68,017,860
14 Germany 82,431,390
21 France 60,656,178
22 United Kingdom 60,441,457
23 Italy 58,103,033
29 Spain 40,341,462
35 Canada 32,805,041
76 Portugal 10,566,212
77 Belgium 10,364,388
124 Ireland 4,015,676

2050:
1 India 1,601,004,572
2 China 1,424,161,948
3 United States 420,080,587
10 Mexico 147,907,650
17 Japan 99,886,568
18 Iran 89,691,431
22 Germany 73,607,121
29 United Kingdom 63,977,435
30 France 61,017,122
35 Italy 50,389,841
43 Canada 41,429,579
48 Spain 35,564,293
97 Portugal 9,933,334
98 Belgium 9,882,599
120 Ireland 5,396,215

 

[charrison]

Originally posted by: Stunt

Originally posted by: charrison

Originally posted by: Stunt

Originally posted by: charrison
And even without immigration, our economy would continue to grow.

I don't think so, not even close to the growth experienced of the last decade or so. Population will be your driving force.

IF that is the case, how is europe as a whole going be able to be able to grow their economy as the report states with a shrinking populaiton?

They won't be as stated by the article, this is why the US will maintain its superpower status.

The whole article explains how population will be integral to growth. Spain and Ireland are the exceptions because of their unusual population growth.

THe article said...

While European countries will remain rich in terms of per capita income (about $32,500), their relative weight will decline with their demographics and weaker growth (on average, almost half as much as the United States).

 

[Stunt]

As you can see from the above, the population growth over the long term is stagnant in Europe, hence the economic outlook relative to US, Canada, Spain, Ireland.

 

[Stunt]

Charrison, what is your point...you are quoting things I have read a few times over...

The growth is because of the population growth...
What is your theory on the subject?

Better include spain and ireland, because the article specifically mentioned those two countries

 

[Genx87]

Originally posted by: Stunt
I know the source is a blog, and a biased one at that, the content within is extremely interesting. Basically the head of Deutsche Bank in France predicts it will be population growth in the United States that will stimulate the next phase of economic growth.

With 1% a year in population, the US economy will grow to up to $18 trillion. With legal immigration of 600,000 (0.2% of population), the vast majority of US economic growth will come from the population increases from illegal immigrants coming to the US.

Interesting to see the new US economy being dependent on illegal immigrants and immigrants. With the potential to generate wealth in their new homeland, these immigrants are creating an emerging market in your backyard!

In 2020, the United States will remain the world superpower, with a total GNP of approximately $17 trillion to $18 trillion. Thanks to its dynamic demographics (1% annual population growth), a productivity and a competitiveness amongst the best in the world (currently second in the world and far out in front of Germany (13th) or France (26th) according to statistics from the World Economic Forum), and thanks also to its constant drive to create and innovate, and with flexibility due to the mobility of its labor force, the United States will maintain a clear advantage over China and India and will widen the gap with Europe. With average per capita salaries of approximately $55,000, the income of the average American in 2020 will be 1.5 to 2 times greater than that of a European; five times higher than that of a Chinese and nine times more than that of an Indian (approximately $6,000 per capita).

In Europe, Germany, France, along with Italy and the United Kingdom, should lose ground in the world competition with a GNP per country of about $2 to 2.5 trillion.

While European countries will remain rich in terms of per capita income (about $32,500), their relative weight will decline with their demographics and weaker growth (on average, almost half as much as the United States). Countries like Spain or Ireland will experience a higher level of development than the European average, thanks to a wider opening of their economies to the outside, the dynamism of their investments, good population growth forecasts and effective immigration policies.

link

As for that blogger, I guess he didn't read the article too well, it's NOT Europe's socialism holding it back, but its immigration policies stagnating the economy. Their standard of living will not diminish with this.

Our immigration is what does help power our economy since our native growth rates arent terribly high. Sure they are higher than the Eu but barely growing.

I am surprised that looking at an avg growth rate of 3.5% our economy only grows to ~20 trillion by 2020.

 

[BBond]

With average per capita salaries of approximately $55,000, the income of the average American in 2020 will be 1.5 to 2 times greater than that of a European; five times higher than that of a Chinese and nine times more than that of an Indian (approximately $6,000 per capita).

This is good news?

Aren't lower labor costs the driving force behind outsourcing?

Or are American CEOs salaries included in the per capita figures?

 

[judasmachine]

i think even if a global depression came, the us would be one of the first to start getting back on it's feet. it's not a question of whether we could come back, it's a question can we avoid the problem in the first place. only something like civil war, or nuclear war would set us back to the backwater in which we started out.

hehe call me an optimistic leftie. i know the right doesn't believe in them...

 

[ntdz]

Originally posted by: Stunt

Originally posted by: charrison
And even without immigration, our economy would continue to grow.

I don't think so, not even close to the growth experienced of the last decade or so. Population will be your driving force.

Economies ALWAYS grow over time. I doubt you could show me an example of a country whose economy was smaller than it was 20 years ago. America is unique in the fact that we have a very large population, and at the same time are the most productive in the world (with the exception of luxembourg). We also have third world growth rate in a first world country, and that is a recipe for success. I don't see us going anywhere in the first half of this century.