World Economic Recovery in 2011 Will Be Determined by America’s Hegemonic Ambition

Whether the economy in 2011 will progress quickly depends totally on the political situation in the Asian region as well as America’s hegemonic ambition and military expansion.

The present world economy has yet to fully recover and inflation remains in many countries, especially in developed ones, which makes it even harder for them to shake off the crisis. Looking at the few hundred banks in the U.S. that collapsed in 2010, the world’s largest economy still finds it difficult to shake off the effects of the economic crisis. Other nations are also facing such a situation. The world economy may still go through 2011 in instability.

Firstly, the economic crisis of developed nations cannot be alleviated simply by relying on technological innovations anymore. This is usually done through shifting the crisis away. In the past number of years, crises would be eliminated with increased product functions and lower product cost through technological innovation and moving excess inventory through developing countries. Now, as science and technology are continually improving, the competitiveness of products from developed nations are being effectively restrained. Under such circumstances, the exports of developed nations would suffer a severe setback. Therefore, the speed of economic recovery will be slower, and also harder, than in the past.

Secondly, the present international political situation remains tense. America has never given up of its ambition to dominate the world. For the past many years, it mainly targeted nations where the world’s oil is gathered for domination by might. The political strategies and military actions surrounding the Middle East region have stretched on for years, causing the nations with the highest oil reserves in the world such as Iraq to have no choice but to submit under a long period of gunfire. The U.S. will then turn its attention to the political situation and military actions in the Asia Pacific region. This is where we see America’s hegemonic actions beginning. The Asia Pacific region has a higher population, its market potential is greater, and it is an ideal place to which the U.S. shifts its crisis. Its methods remain the same — to continue making waves using the North-South Korea relationship in an attempt to turn the Asia Pacific region into an American colony. America’s constant targeting of North Korea is also an attempt to make oblique accusations in order to use this as a warning to others. Therefore, next year will be the key year for the Korean-U.S. relationship, and also the key year for the relationships between the U.S. and other nations in Asia. Once America makes any moves politically, its military actions will follow swiftly. The Asia Pacific region’s economic development will quickly feel a very strong impact.

Therefore, whether the economy in 2011 will progress quickly depends totally on the political situation in the Asian region as well as America’s hegemonic ambition and military expansion.