Added to that India has large armed forces and substantial defence expenditure, along with its dazzling array of cultural assets.Įven so, the country’s challenges could stall progress. With a lower median age than the United States or China, this has powerful implications for economic growth as an increasing number of young people enter the workforce. Its population is set to overtake China’s in 2023, with both home to over 1.4bn people this year, according to the United Nations. The contrasts are especially stark in India: a country with great momentum yet big challenges. Attending to India’s social infrastructure would go some way to helping to counter this. Whether in the United States, China or India, inequality has risen in the past 30 years, he says, but in India it’s most extreme, effectively hollowing out the middle class that any thriving economy depends upon. In his view, this social infrastructure deficit is closely linked to rising wealth inequality. As the Covid-19 pandemic swept across the world over the past three years with tragic consequences, it exposed the cracks in many countries’ education and healthcare systems, as well as how much their future prosperity depends on fixing them. While Asian governments have focused on building roads, ports and airports in recent years, Dr Ng believes that social infrastructure – chiefly education and healthcare – is equally in need of attention. This is likely to create a supportive environment for these sectors to varying degrees in each country. In particular, as China and India seek to become more prosperous countries, with higher living standards, they will need to develop their social infrastructure, especially education and healthcare. “Over the long term, they will need to overcome these domestic challenges associated with wealth inequality, which otherwise will hold them back.” What challenges are in China and India’s path?įor investors with a long-term view, this delicate path to the global top table has implications. “We must not forget that each of these countries has its unique set of challenges,” he says. He cautions, though, that the future is not yet written and that challenges associated with social infrastructure could yet stall progress. This is the view of Dr Damien Ng, Julius Baer’s Next Generation Research Analyst, explained in a peer reviewed journal article focusing chiefly on India’s rise to superpower status. Less well appreciated, India seems likely to join the United States and China in shaping world affairs, helped on its way by the demographic dividend of a young and growing population that should propel economic growth. Extrapolating current economic, geopolitical, and demographic trends would suggest that China is likely to become a new superpower, although its economy is currently faltering. Who are the superpower contenders?īy 2050, more countries are likely to be defined as superpowers, joining the United States and creating a multipolar world order. It’s broadly accepted that superpower status depends on both hard and soft power, and this definition is further articulated by respected US political scientists John Mearsheimer and Joseph Nye. Needless to say, the question of how to define a superpower is topical. Using this definition, there’s little doubt that the world remains unipolar. It is by far and away the leader when the three defining features of a superpower are tallied up: that’s a nation’s economic wealth, ‘hard’ military assets, and ‘soft’ power – in terms of cultural exchanges, diplomacy or the dissemination of ideas. In a world, where almost everyone can buy powers, anyone could be a potential threat.The United States remains the world’s only superpower, despite today’s geopolitical friction. Thanks to this, he could become the most powerful of them all but in order to achieve this level of power, he must be careful. Unlike most people, who can only receive a very limited number of those shots, Billy seems to have the uncanny ability to absorb an unlimited amount of them. As it turns out, he is but there’s something else. Before the process begin, the nurse who’s gonna give him the shot has to test him to see if he’s compatible. Because money is tight, he doesn’t have much of a choice, she’s getting him X-ray vision. At the very beginning of the game, Maggie (his mother) buys Billy his first superpower. In the game, you play as Billy, a young man still living with his mom. SuperPowered Game is a RPG game made with Ren’py. SuperPowered Latest Version: 0.45.03 By Night City Productions Game Download For (Windows) PC, Android (APK), MAC, Linux + Walkthrough (Game Guide) + Cheat Codes.
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