This is all negative for the US but our loss is the world’s gain. China’s economy will pass the US’s in the 2030’s, for example. India will rise to #3.
We should expect more R&D from the rest of the world. China may lead the world in AI and space exploration. India in drug research. Billions of people will come out of poverty.
American students may flock to India to get a better education at a fraction of the cost.
We should expect more R&D from the rest of the world. China may lead the world in AI and space exploration. India in drug research. Billions of people will come out of poverty.
American students may flock to India to get a better education at a fraction of the cost.