"The United States and the enormous buying power of U.S. consumers will not be enough to drive earnings growth for big U.S. businesses in the decades ahead. The American consumer will always be important. But for the next 25 years, it's probably not going to be the engine of global growth. It's going to be the billion people joining the middle class in Asia, it's going to be what the resource-rich countries do with their newfound wealth."
Jeffrey Immelt, CEO, GE; Newly appointed economic adviser to the President
Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts
Wednesday, January 26, 2011
25 Years & A Billion Asians
Labels:
Asia,
economy,
GE,
General Electric,
Jeff Emmelt,
middle class
Sunday, August 22, 2010
The New Great Game
"The 'great game' of the 19th and early 20th centuries involved Britain's attempt to keep other great powers from establishing a foothold in Central Asia that could threaten Britain's interest in India. The new 'great game' involves players such as Iran, Turkey, Russia, and the United States vying for influence over the Caspian region and its oil supplies. For the United States and European countries, Caspian oil presents an opportunity to tap a source of oil outside the often turbulent Middle East. The three main oil producing Caspian countries (Azerbaijan, Kazakhstan, and Turkmenistan) are landlocked and rely on neighboring countries for access to western markets through pipelines. This adds another aspect to the competition for economic and political dominance of the area. The actors are not only concerned with oil and gas production but also with the pipelines that deliver those resources to market."
Ghassan Abdallah
Remember the map:
http://randomroving.blogspot.com/2010/04/important-map.html
Ghassan Abdallah
Remember the map:
http://randomroving.blogspot.com/2010/04/important-map.html
Labels:
Asia,
Azerbaijan,
britain,
Caspian,
iran,
Kasakhstan,
oil,
pipelines,
russia,
Turkey,
Turkmenistan
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