do you think china is going to replace america as the world power and the dollar wont be the world standard ?

Answer 1

Although China has the potential to be the largest consumer market in the world, as they stand now, they will not be replacing the US and our dollar as the standard of international business.

Many reasons for this. 1. Communism, the failed social experiment, will eventually cause a governmental breakdown that will set them back a few decades to deal with war and strife.

2. The majority of the population lives in rural areas and have little or no education and absolutely no money. You can't sell things to people who don't have money (or running water).

3. They are out and out lying about their manufacturing capabilities and testing. This will catch up to them in a big way.

4. When the time comes for the revolution, the government will step in and take over all the foreign held companies that are there which will shut down the worlds manufacturing for a few days. Commerce always overcomes and once we find an alternative, the business won't go back.

There are many other legitimate reasons why China will never replace America, but only time will tell.

Answer 2

I have doubts as to China taking USA's place as the world power, but the dollar is already on the way out as the world standard. It's being replaced by the euro. Many of the drug cartels now prefer to deal with euros over the dollar already.

Answer 3

Will China be a world power? I don't think so. Historically, politically unified China was an exception, not a rule. Every time someone attempted to unite China, they ended up with an awkward arrangement somewhat akin to the Holy Roman Empire in Europe. In my opinion, it is likely that China as we know it today will not exist in 2050.

Look at how China "manages" its dysfunctional relationship with Taiwan. So far, China did a lot of saber-rattling, but took no action. And it is easy to see why; in 1980s, China tried to invade Vietnam, twice, and got beaten back both times, so the Chinese government has every reason to doubt the true strength of its armed forces.

Will the U.S. dollar remain "the world standard" (whatever that means)? Depends. The acceptability of a currency in international trade has a lot to do with its propensity to be inflated. Inflation, in turn, has a lot to do with budget deficits and the size of government debt. It is true that the fiscal shape of the U.S. is worsening (government debt is currently equivalent to about 70% of GDP), but it is also true that most European countries are in an even worse shape (80% of GDP seems to be the norm), while Japan is the worst (150%).

Answer 4

The United States is quickly losing its prominence in the global arena. The US will not be surpassed any time soon, but will find more of a level playing field in the coming years. China will a dominant world power in the future. It will be decades before they reach that level of dominance though. The Euro or Japanese yen will become the world standard in currency soon. The dollar is weak and won't likely make a strong comeback.

Answer 5

Eventually either India or China will become the dominant economy. No corporation or governmental empire remains on top forever. The British Empire gave way to USA. The Roman Empire crumbled. The Greek civilization eroded. The Dynesties of Japan and China collapsed. Spain and France were once powerful. GM once had >50% market share. IBM was once the dominant computer manufacturer. The lesson in all of this, if there is one : Change is inevitable. Competition is inevitable. There is always someone looking over your shoulder, identifying what you're doing wrong and devising methods for improvement. If it wasn't for that spirit, that drive, we'd still be riding horses and living in mud huts.

Answer 6

I heard that the Euro is the "second standard" in Europe and may replace the dollar there in the near future. Regardless of how China's economy grows or doesn't grow, I honestly believe the dollar won't be the world standard for much longer.

Answer 7

Yes. Yes.