By the middle of this century, some two thirds of the world's nation, with at least five billion people, will enjoy a standard of living which only the advanced economies now have. Some three billion of these people will live inn Asia. Collectively, the Asian countries will have a larger economy than the rest of the world put together.
The rest of the world will have to react to this millennial economic shift to Asia, and to the rising people of China. The rest of the world will be divided between the Euro-American countries, and the tow big peripheral powers, Japan and Russia. Russia is a huge geographical country, with ell educated people, and ill eventually recover. In terms of nations, it will be a world of much greater economic equality. Although there will still be poor countries, most will be quite rich. Inside these nations there ill be mass prosperity, but with a large minority in serious poverty, and a small number who are very rich.
Twenty years ago, Motorola looked upon the Japanese with something close to fear. The Chicago company's television-manufacturing division had been large and profitable in the 1960s. By the early 1970s, however, high costs and a rising tide of inexpensive Japanese TVs were taking a heavy toll. "The Japanese were very aggressive", recalls Motorola spokesman Mario Salvadori. "They wanted to get market share." With cutthroat pricing, they did-eventually running nearly every U.S. electronic company out of the TV business. Motorola sold its Quasar TV unit to a Japanese company in 1974. But while other U.S. companies were floored for foreign competition, Motorola refocused its energies, It turned to wireless communications-an industry it had pioneered (with mobile radios and walkie-talkie) in the 1920s. It was a prescient move.