China, India and Brazil are on the rise as the West stagnates

Here’s a trend to watch in the coming year: the rise of new economic powers.

China, India and Brazil are in the ascendancy, as the economies of United States, Europe and Japan continue to stagnate.

China and India are the two most populous countries in the world, together having about 37 percent of the world’s population.

With 780 million workers, China has the world’s largest workforce. India is in second place, with 478 million. Both countries together have about 40 percent of the planet’s workforce.

China has the world’s second-largest economy. The question is not whether it will surpass the United States, but when. Its economy has been growing at a rate of about 10 percent a year for the last 30 years.

India’s economy has also been booming, especially over the last seven years, with annual growth rates above 7 percent.

The rise of China and India may not surprise you so much, but take a look at Brazil. It is one of the world’s top 10 economies, and it’s quickly rising up the list. Its gross domestic product grew 7.5 percent in 2010.

After paying off its debt to the International Monetary Fund in 2009, Brazil now lends money to the IMF.

Brazil has the world’s biggest government development bank, called BNDES. Its loan portfolio is larger than that of the World Bank, the U.S. Export-Import Bank and the Washington, DC-based Inter-American Development Bank combined. Brazil is a world leader in four strategic energy sectors: nuclear, hydropower, biofuels and oil. It has five of the world’s 25 largest hydro dams. It is by far the world’s largest producer of sugar cane ethanol.

The rise of China, India and Brazil represents the dawn of a new world.

The United States no longer is the global economic superpower. And we’ll all have to adjust to that.

• Ruiz-Marrero is a senior fellow of the Environmental Leadership Program, a fellow of the Oakland Institute, and a research associate of the Institute for Social Ecology.

More

Thu, 01/19/2017 - 09:41

Letter: A pro-life presidency is something to be thankful for

​On Jan. 20, we will see the inauguration of a new president. From the pro-life perspective, this is something to be thankful for. That day represents the departure from the White House of one of the most pro-abortion presidents we have seen to date. His replacement is a man who has voiced support for a number of pro-life, pro-family initiatives that will protect the rights of the unborn and their mothers. Read more

Thu, 01/19/2017 - 09:22

My Turn: Alaska’s national parks need infrastructure support

In 2016, the National Park Service celebrated its centennial anniversary. 2017 marks the 100th anniversary of Denali National Park, one of the many crown jewels in Alaska’s collection of our national parks. These parks represent the very best and most treasured public lands in our country. As we hear about badly needed infrastructure improvements to our roads, bridges and utilities nationwide, it’s important to remember that our national parks are not immune to these challenges. Denali National Park alone faces an infrastructure repair backlog to roads and facilities of $53 million.

Read more
Thu, 01/19/2017 - 09:22

My Turn: Reflecting on why I love Alaska

Gov. Bill Walker issued a proclamation designating 2017 as a “Year of History and Heritage” in recognition of Alaska’s sesquicentennial — the 150th year since Russia ceded its possessions and interests in Alaska to the United States. Gov. Walker’s proclamation encourages all Alaskans “to study, teach, reflect upon our past, and apply its lessons to a brighter, more inclusive future.”

Read more
Thu, 01/19/2017 - 08:47

Outside Editorial: NATO and the EU: Mend them, don’t end them

The following editorial first appeared in the Chicago Tribune:

In lamenting President Barack Obama's foreign and military policies, Republicans have frequently offered a concise summary: "Our allies don't trust us, and our enemies don't fear us." They didn't imagine the day would come when the same might be said of a Republican president. But that's the prospect Donald Trump raises. Read more

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING