Report: Power will shift away from U.S.
TEXT OF STORY
Steve Chiotakis: Europe is reacting to a National Intelligence Council report predicting a major shift in global economic and political power. And it suggests a new role for the United States. From London, Stephen Beard has more.
Stephen Beard: The Council says America’s economic and political influence will wane over the next 20 years. China, India and Russia will move toward center stage. Wealth will continue to flow from west to east, and the dollar will cease to be the world’s number one currency.
John Roper is professor of American Studies at Swansea University. He says the Council’s conclusions are not surprising:
John Roper: It isn’t entirely unexpected that there should be this kind of assessment, particularly in the context of the current global economic crisis — which after all was precipitated by problems in the American economy.
The Council says Europe may derive little comfort from America’s decline. A multipolar world with more centers of power will be less stable, with more conflicts over food, water and energy.
In London, this is Stephen Beard for Marketplace.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.