Why is anyone surprised? According to London’s Centre for Economics and Business Research (CEBR) China and India will be fighting for the first place as world’s economic powerhouse in the latter part of this century. Both countries emphasize education and infrastructure as foundation for stability domestically, and these nations generate growth through global trade.
While China’s cornerstone for growth is global trade, the current U.S administration considers “America First” agenda most likely to succeed. America First policies will fail to develop the growth needed as the domestic market is rabidly becoming saturated in terms of expansion and growth opportunities.
In addition, America needs to provide healthcare for its citizens to be competitive and considerable growth is required to pay for the recent GOP tax cuts.