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I have to write a report fro economics about the current and future state of the economies in different parts of the world and I wanted to know if I am missing or am wrong about anything.
This is my understanding:
North America
Canada(where I am from)- Commodity boom from oil and lumber due to demand from China, suffering from Dutch disease and probably won`t improve and will continue becoming China raw materials cow. But, we`ll always be better off.
United States- Up to their eyeballs in debt, manufacturing base is completely gone, high unemployment, large trade deficits however there is some the dumb *** Americans wake up from ignorance and stop the corruption in their government institutions they can rebound in 20-30 years by doing what Germany did which was specialize in niche markets in the manufacturing sector such ( high-end cars) and leave the cheap manufacturing to Asia. They also have abundant some natural resources that they haven`t developed such as natural gas and lumber which they could sell to China. Bottom line: They need to stop fighting China and start selling to China. When they recover they certainly won`t be calling the shots.
Mexico: growing middle class due to their booming manufacturing sector however the oil is drying up and their government is very corrupt so not everyone is benefiting from this economic boom.
Central America- Most of them are not improving except for Cost Rica but that is mostly because tourism which isn`t a stable industry. Panama is enjoying stable growth because of their canal.
South America- Brazil is booming and is member of the BRIC. China loves Brazilian goods and this is a good thing. However, Brazil manufacturing while improving is still small and I don`t see it growing much and will probably stay China`s resource cow for a long time. Argentina is becoming too protectionist so, who knows what will happen to them next.Columbia and Venezuela are also rowing rapidly because of their commodities. Chile and Uruguay are enjoying stable growth and the rest of the South America is impoverished and staying that way.
Europe- All of the countries in the European Union are doomed except Germany and maybe France of course. They have nothing to sell to other countries and are so much in debt and don`t see a silver lining. Germany is smart( as always) and feeding the rich Chinese with their expensive cars.
The UK has nothing to offer and are too dependent on their financial services they are probably doomed to. Eastern Europe while impoverished has hope because of Russia. Scandinavia and Switzerland and Austria are stable as always. Russia selling commodities to China and growing rapidly in the process.
Africa- Probably going to becoming the next China and cheap manufacturing will go there. They are also very resource rich and will probably export commodities to the BRICS.
Asia
China- Screw the US, China is the largest economy in the world and is growing rapidly. They dominate global manufacturing and as their customer(North America and Europe) are faltering China is starting to increase its domestic market so, it doesn`t have to rely on exports as much. I see no end to Chinese prosperity but nothing lasts forever. Japan is going through hard times but most of the debt they have is owed to their banks and not foreign countries like the US and Japan is resilient and will probably make it through eventually.Korea is becoming stable selling techonolgy to its neighbours. India is booming by selling services to other countries and I suspect that they will dominate the IT and tech industries in the enextcentury.
Australia: stable mostly because selling minerals to China. It will probably continue.

Which of the following is said to measure the pulse of the economy?
A. Banking institutions
B. Business sector
C. Federal reserve
D. Stock market
Which of the following was a direct result of the Dust Bowl?
A. Black blizzards invaded the Great Plains.
B. Farmers adopted destructive farming and ranching processes.
C. Farming prices were lowered and sales increased.
D. More than 60% of farmers lost their farms.
In which type of government does a single dictator maintain supreme power?
A. Capitalism
B. Democractic
C. Polytheistic
D. Totalitarian
Which of the following did not contribute to the birth of the fear of communism in the U.S. after World War II?
A. Detonating of the H-Bomb by the Soviets
B. The discovery of spies in the U.S.
C. The spread of communism in the United States
D. The Un-American Activities Committee activation
Eugene Williams was a victim whose death helped to spur which one of the following during the summer of 1919?
A. Chicago Race Riot
B. Elaine Race Riot
C. Garvey Race Riot
D. Tulsa Race Riot
Why were the events at Dunkirk in May and June of 1940 called miraculous?
A. The English were able to evacuate their troops who were trapped.
B. The German army moved so swiftly across France.
C. The Polish underground was able to divert German troops away from France.
D. The Russian army trapped the Germans at the Maginot Line.
Why did Hitler refer to Queen Elizabeth I as “the most dangerous woman in Europe”?
A. Her courage and determination was a morale boost for the English people.
B. Her wealth funded the building of several battleships.
C. She convinced the United States to enter the war.
D. She was engaged in several successful covert operations.
When it comes to casualties, what is significant about the U.S. versus all other primary countries involved in World War II?
A. The U.S. suffered about the same number of civilian casualties as did Great Britain.
B. The U.S. suffered more civilian casualties than any other country.
C. The U.S. suffered no civilian casualties.
D. The U.S. suffered the greatest number of civilian casualties of all allied countries.
What is another name for a secret club that served alcohol during prohibition?
A. Bathtub ginery
B. Bootleg bar
C. Speakeasy
D. Twenty-one club

http://www.cnsnews.com/news/article/oil-gas-western-us-provide-employment-and-millions-revenue-says-energy-alliance

Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Government regulation is limiting access to these natural resources!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy!

http://www.cnsnews.com/news/article/oil-gas-western-us-provide-employment-and-millions-revenue-says-energy-alliance

Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Government regulation is limiting access to these natural resources!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy!

She is promising cheap energy. She is correct.Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Government regulation is limiting access to these natural resources!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy!

http://www.cnsnews.com/news/article/oil-gas-western-us-provide-employment-and-millions-revenue-says-energy-alliance

Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Government regulation is limiting access to these natural resources!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy!