Where
to Look for Outstanding Investments
By:
Gerald Greene
Most
investors know by now that the economic center
of the world is in the process of shifting from
West to East. Transfers of funds to pay for
crude oil imports are a big part of this shift
as far as America is concerned. You can not pay
out over seven hundred billion dollars a year to
oil exporting nations without creating a huge
balance of payments problem.
The following list of "tallest, biggest,
and largest" shows in a down to earth basic
way the results of the global economy shifting
its center. These interesting facts are from an
author named Ferrez Zagawriteit. Just look at
some of these. Some are trivial and some are
important. However, all together they paint a
pretty stark picture for Westerners staying on
top of the economic heap in the 21st century :
1) World's tallest building - Dubai, UAE
2) Largest publicly trading company - Beijing,
China
3) Biggest oil refinery - Under construction in
India
4) Largest passenger airplane - Airbus - Europe
5) Largest investment fund on the planet - Abu
Dhabi, UAE
6) Biggest movie industry - Bollywood, India.
(Not Hollywood)
7) Largest Ferris wheel - Singapore
8) Largest casino - Macau. (Macau actually just
passed Las Vegas in gambling revenues.)
9) The Mall of America in Minnesota was once one
of the largest shopping malls in the world. Now
it does not even make the top 10.
Only ten years ago the US would have topped
these categories. It's not only that this wealth
transfer shift is taking place it's the speed at
which it is occurring that is unsettling from a
Western point of view.
If you are an American who hasn't traveled
outside of the United States recently, or at
all, should you take a trip to Asia or , say
Dubai, UAE, you will likely be quite taken back
by the cutting edge infrastructure being
constructed. One personal example hit me right
in the eyes about four years ago. I flew into
Kuala Lumpur, Malaysia from Koh Sumui, Thailand.
Since I departed from as small airport I was on
a smaller aircraft which landed at the previous
international airport. The airport was a very
run down old fashioned facility that was almost
deserted as most traffic had already been
transferred to the fantastic new Kuala Lumpur
International Airport (KLIA).
After spending four delightful days in a great
city I departed from KLIA to Bangkok. Wow! What
a difference in airport infrastructure. KLIA is
a gleaming facility that is one of the world's
best airports. In fact, it is the first airport
anywhere to receive Green Globe 21 (GG21)
certification, and hence, it is the first
environmentally friendly airport in the world.
This type of "leapfrog" from old style
facilities to the best and most advanced in the
world is common in Asia and in the Arab Gulf
States. While America politicians still tell
lies to Americans about America having the best
and greatest of everything in the world the
evidence that this is no longer the case is
rapidly developing for anyone who opens their
eyes and mind. The fantastic development that
occurred in Beijing, China for the 2008 Olympic
Games is a good example of how fast things are
changing.
The rapid shift in the center of global economic
activity presents many outstanding investment
opportunities for the internationally inclined
investor. If your investment universe is limited
to old line US blue chip stocks you have best
note that some of the blue chips, like the
automotive companies, are looking more black and
blue than blue chip.
Go East, young man. A new world is coming.
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About
The Author
Learn more about the shift in global
economic power and the coming energy
crisis and its consequences for the way we
will live and work at Crisis
News Analysis
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