Sun West's economic migrate to the Middle.. Threat of Western economic domination

Over two centuries, Europe remained the dominant and the United States on world production, and most were rendered Snata and global goods, and invested and Asthlkta much more than the world combined. And now in 2010 has been exceeded the United States and the European Union productive, industrial, and commercial, and investment, along with the rest of the world, but they are not consumer excellence. And each individual forms of drama during the past three years to highlight, but it should not obscure the global economic shifts that threaten the West at the moment.

The threat to America and Europe is the years of low growth and high unemployment. But the draw was apt to be prevented completely.

 Over the past decade that has not kept pace with the increase in Asian consumption increase in the rates of Asian production, the development of a fundamental imbalance between East and West.

Fortunately, the same forces which have already re-structuring our economic base functions of the production of goods to third parties, and the global flow of capital now begin transformational shift in engineering again. During the decade, Asia will become richer (in addition to other emerging countries) a place for middle-class revolution equivalent to the purchasing power of the Americas.

Even if we exclude Japan, the Asian consumer market will rise from 12 per cent of global consumption before the crisis to around 32 per cent in 2020, making it the main driver of global growth.

This can go to be a stronger strategies out of the crisis effectively, and help to rebalance the global economy, but on condition that you can Europe and America from the processing themselves to be made able to export Innovations superior, and Daiahma global brands known to the middle class Asian new report number of one billion people. However, the production of these products and services, value-added, technology-driven, based on consumer habits, will be available only in the presence of high levels of investment.

The re-ditching the traditional lack of spending, special Butlatiniat the last century, particularly the reduction of investment in science and technology, universities and education will make Europe and America Tvuhtan take advantage of the huge opportunities in the East.

And regression to the wars trade and currencies, and to ban the acquisition of cross-border, and imposing severe restrictions on the movement of skilled workers, also lead to negative results, which threatens access to the biggest market for the new world, while it can be to Europe and America take advantage of that to the maximum extent possible.

And will be judged by history on this radical new innovation that they are wrong, his false assurances thirties.

In fact, it is not possible for the United States and Europe to take advantage of markets new world without claiming the move towards a new deal for global trade and demand removal of trade restrictions non-tariff barriers and ensure that the fears of protectionism will not return again, as it did in the past to become isolationist effective.

Since the social group which includes the economies of the twenty leading countries in 2009, countries across the world back to their shells national. And said to their people that their problems have nothing to do Remember the global restructuring, while the inability of national politicians to recognize that the challenges they face related to everything except the local dimension.

But the main issues of financial stability, trade, and global imbalances, remain despite the global problems that require new levels of global cooperation. If you do not surrender easily to the solutions of one country, I believe that the new president of the Group of Twenty; French President Nicolas Sarkozy, you must get a warrant to take the initiatives.

First, through the coordination of the continuing effort to reform the international financial institutions, can create trust is currently lacking in standards and global banking rules. And the other, he must submit a plan of global growth compatible with the faster increase in consumer spending in the east, and offer scope for investment specific targets in order to create new jobs in the United States and Europe, as part of Western efforts continue for several years to reduce its debt and the cumulative deficit. In the euro zone big three problems, not just one problem.

These problems are fiscal deficits, and liabilities of banks, and structural constraints on growth. It meets three problems in order to make countries accept the economic downturn, which is accompanied by high unemployment as the best way forward.

And on the euro area to agree on a timetable to reduce the level of debt to 60 per cent of national income.In the absence of their ability to adjust their exchange rates, and disability represented by the interest rate of''one-size-fits-all'', the euro-zone countries in need to other aspects of flexibility, which justifies why it should apply structural reforms, including labor markets, and production, and capital.

I have opposed Britain joining the euro area, it is also argued that a flexible manner to prevent it from achieving our goals as a state. But the euro will have failed in the current economic and political disaster, with implications beyond Europe.

Thus, as a group twenty-step on the international markets in April (April 2009) and prevented the Great Depression, Europe now needs is the other to progress and address challenges in three Angdadp one.

In conjunction with the investment and reforms of America, in addition to the procedures determined at the level of Group of Twenty, West can reap the fruits of revolution consumption of Asian and enjoy the prosperity that accompanies turned second great goal of providing 3050 million jobs in the Group of Twenty nations during the next four years, and overcome the weaknesses of our economy old, through the upgrading of the new opportunities for our economy.

Prime Minister of the former United Kingdom, and the author of''after the collapse: Skip the first crisis of globalization,''Beyond the Crash: Overcoming the First Crisis of Globalisation.