Outgrown

America is supposed to a country of economic growth and opportunity, yet the "developed world" is now being outgrown by the developing nations. There are many things you can blame: lack of political efficiency, economic crises and trouble recovering, distribution of natural resources/oil, the ownership of said natural resources, oppressive but effective regimes in the developing world, industrialization constantly occurring in the developing nations, et cetera. But the bottom line is this: the economies of the East are out-growing the economies of the West. A list of the top economies in 2050 released by HSBC shows that America, Germany, England, France, and Canada will be 5 of the 10 biggest economies in the world; however, the other five (aside from Japan) are considered "developing nations." 12-14 of the top 20 are "developing nations" (depending on who you consider "developing.") While America, Canada, and a few select European nations will still have strong economies, the trend is for "developing nations" to become more powerful, "Western" ones less powerful.