Meryl33 said:
Singapore's first-ever prime minister, long-time government head and current political mentor Lee Kuan Yew talks about Asia's rise to economic power, China's ambitions and the West's chances of staying competitive.
This is a
MUST READ.
The 'west' eh?
Plenty of eastern economies are already damn rich since the end of WW2 such as Japan, South Korea, Hong Kong, Taiwan, Singapore etc. It's not like China's development is anything new. After China you see other eastern countries developing too such as India and then probably Vietnam. It's a well run cycle.
The west doesn't have any kind of monopoly on economic development. The only western countries of much global economic significance would be USA, Germany, France and Britain.