“The world financial crisis has provoked a stark feeling of decline among many in the West, particularly citizens of what some call the Anglosphere: the United States, Canada, the United Kingdom, Ireland, Australia, and New Zealand. In the United States, for example, roughly 73 percent see the country as on the wrong track, according to an Ipsos MORI poll—a level of dissatisfaction unseen for a generation.”
So write Joel Kotkin and Shashi Parulekar. And as they go on to point out, the idea that the English-speaking nations are in imminent danger of being crushed by some sort of Asian/other menace is – with all due respect to the likes of Mark Steyn and Co, wildly overblown. And of course, given that trade is not a zero-sum game, there is nothing to lose from the hopefully long-term enrichment of countries such as Brazil or India.