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Casslyn Tan - American Decline

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Casslyn Tan - American Decline

  1. 1. Technology & World Change<br /><ul><li>Technology, Society & Global Dominance</li></ul>Presenter: Casslynn Tan<br />
  2. 2. Article<br />
  3. 3. Background<br />“When we first suggested back in 2003 that China could possibly challenge the US to be the world's number one by 2041, many thought it was a pipedream, and had virtually no chance. In fact, it is possible a lot sooner, and indeed, we now think it could happen within 20 years - in fact 2027 to be precise, so 18 years.”<br />- Jim O-Neill, Chief Economist of Goldman Sachs<br /> (Statement made in 2009.)<br />
  4. 4. Do you know?<br />In 2009, Hillary Clinton humbly requested the Chinese to keep buying US Treasury Bills.<br />Using deficit spending, US has been fighting the Afghanistan War with a Chinese credit card.<br />There is an increasing gain of support for China, but a loss for America on debates on world issues. <br />Fortune Top 10 List (2010)- 2 American companies but 3 Chinese firms.<br />China’s development of new missile and anti-satellite technology threatens US’s supremacy in the Pacific.<br />
  5. 5. Key Messages<br />Time to wake up from the American Dream?<br />Look at other emerging powers. <br />
  6. 6. Rating of Article: 8.5/10<br />DISCUSSION<br />What are your thoughts on China being the next rising star & US becoming a declining player?<br />How will this shift of dominance impact countries globally?<br />
  7. 7. THE END<br />References<br /><ul><li>Rachman, G. (2011, January/February). Think Again: American Decline. Retrieved August 20, 2011, from FP- Foreign Policy: http://www.foreignpolicy.com/articles/2011/01/02/think_again_american_decline?page=full
  8. 8. London Evening Standard. (2009, November 17). China will be world's biggest economy by 2027. Retrieved August 20, 2011, from London Evening Standard: http://www.thisislondon.co.uk/standard-business/article-23770626-china-will-be-the-worlds-biggest-economy-by-2027.do </li>