Global Economy Shifting Center | Article Discovery - News Analysis

Global Economy Shifting Center | Article Discovery - News Analysis: "Most investors know by now that the economic center of the world is in the process of shifting from West to East. Transfers of funds to pay for crude oil imports are a big part of this shift as far as America is concerned. You can not pay out over seven hundred billion dollars a year to oil exporting nations without creating a huge balance of payments problem.
The following list of “tallest, biggest, and largest” shows in a down to earth basic way the results of the global economy shifting its center. These interesting facts are from an author named Ferrez Zagawriteit. Just look at some of these. Some are trivial and some are important. However, all together they paint a pretty stark picture for Westerners staying on top of the economic heap in the 21st century :
· World’s tallest building – Dubai, UAE
· Largest publicly trading company – Beijing, China
· Biggest oil refinery - Under construction in India
· Largest passenger airplane - Airbus - Europe
· Largest investment fund on the planet - Abu Dhabi, UAE
· Biggest movie industry - Bollywood, India. (Not Hollywood)
· Largest Ferris wheel - Singapore
· Largest casino - Macau. (Macau actually just passed Las Vegas in gambling revenues.)
· The Mall of America in Minnesota was once one of the largest shopping malls in the world. Now it doesn’t even make the top 10."