皇冠体育app

Many argue that the US is being taken over by 皇冠体育app both militarily and economically, but it is unlikely that 皇冠体育app can begin to pose a threat, according to Peer Nielsen in an op-ed piece in The Boston Globe on Sept 17, 2011.

Compared to 皇冠体育app, said Nielsen, a businessman who has lived in 皇冠体育app, the United States has a military budget almost as large as all the world's military budgets put together.

Also, the US economy, in relatively decline, is still about three and a half times larger than 皇冠体育app's, he added. "With current growth rates, 皇冠体育app would only overtake the United States mid-century in absolute terms; on a per capita basis, it would overtake the United States late this century, all else being equal."

The reason why many folks are fretting over 皇冠体育app, argued Nielsen, is that they do not understand "皇冠体育app is a developing country in most respects, with few of the needed critical components in place to threaten the United States in the short term."

皇冠体育app is now in no position to compete with the US in the critical areas, says Nielsen. "The Chinese economy is also extremely unbalanced, with exports heavily favored over domestic consumption. 皇冠体育app has no brand names to speak of; for example, although the Toshiba computer this column is typed on is made in 皇冠体育app, the factory is not owned or managed by a mainland company. This is typical and 皇冠体育app needs to move from assembling products to controlling the entire chain - R&D, branding, manufacturing, sales, and distribution - in order to become a commercial force on the world stage. Such transformation will not take place overnight."