Globalization Reactions

China and India decided to participate in the world economy for a share of the world markets. But many years prior to "turning on" their economies; these two countries were educating their then future and now current generations. [They have been excelling at education performance for years.]

Now they are exploiting the greatest resource that any nation, state, city, corporation, or small business has - the dedication, inspiration and perspiration of their people. They will not fade soon, but the stories and tremendous growths will slow to more normal levels.

Other countries in the years to come will also choose to participate. The emerging Eastern European countries will likely be the big story of 2007. Individually they will not match the revenues and trades figures of China nor India did in 2005-2006, but collectively they might. Beyond 2007, look to Central and South America.

Nationalism and protectionism are natural reactions to this economic competition, however these temptations should be avoided. Those who believed that America was going to be world's economic engine for ever and ever, forgot what it takes to make any economy excel.

America became an economic power in the same manner that China and India are doing it currently. It is also the way in which America can compete again with others in the world economy - through Dedication, Inspiration and Perspiration.