16.2.06

Declínio

"But the conclusion is clear: Europe is in deep trouble. These days we all talk about the rise of Asia and the challenge to America, but it may well turn out that the most consequential trend of the next decade will be the economic decline of Europe.
(...)
If present trends continue, the chief economist at the OECD argues, in 20 years the average U.S. citizen will be twice as rich as the average Frenchman or German.
(...)
The decline of Europe means a world with a greater diffusion of power and a lessened ability to create international norms and rules of the road. It also means that America's superpower status will linger. Think of the dollar. For years people have argued that it is due for a massive drop as countries around the world diversify their savings. But as people looked at the alternatives, they decided that the chief rivals, the euro and the yen, represented economies that were structurally weak. So they have reluctantly stuck with the dollar. It's a similar dynamic in other arenas. You can't beat something with nothing."

Fareed Zakaria
, "The Decline And Fall Of Europe"
The Washington Post, 14 February 2006

(via Cousas Diplomáticas)