Europe Japan & RoK have had the benefits of economic boom when there was little to no competition. Right now there's competition but it'd get worse with time. What saves these countries is the fact that though they're immensely wealthy their population is falling thereby ensuring it'd be wealthy for some time.
Paradoxically their falling TFR & population also damages their economy. This is most clearly visible in Japan which has seen deflation & stagnant growth since the past 3 decades.
The EU has managed to stave it off by pooling in resources though recent events like the war in Ukraine has cruelly highlighted all the short comings in their economies. China's rise is going to be another factor in their falling economic indices.
Yes , I would. For without any growth in population over a period of time you become extinct. Do you actually require a book or some documentary to tell you that ?
China is still poor except the 100 million or so who're either members of the CCP or closely connected to them. This is the Mafia running China at the moment. Do not confuse the prosperity of the CCP to that of its Han slaves.
If you go to the World Bank’s country overview page for China, you will find a striking comment in the first paragraph: “Since initiating market reforms in 1978, China…has lifted mo
www.realclearworld.com
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If Vietnam follows the same policies as China it eventually will. However Vietnam will be prosperous since its population base is much lower than that of China
TFR is an issue affecting every nation on the earth including the most powerful nation on earth - the US. Why do you think they're taking in talents from the rest of the world including China . Incidentally practically all your CCP members have their relatives & immediate family living in the west including the daughter of great helmsman 2.0
"South Asia has never been wealthy . "
en.wikipedia.org
en.wikipedia.org
Spoken like a true semi literate peasant slave wumao the kind which China's filled with from top to bottom coz all the aristocracy , scholars, businessman etc fled out of China when CCP took over , which is why I'm more than confident that in the war to come China's doomed coz all they have are soldiers belonging to single child families & low IQ wumaos like you which makes China a paper tiger .