I believe that what happens to the more than 200 other economies will be the same thing that is now happening to the U.S.--or should I say California? But it will take a long time: three or four generations.(posted 8758 days ago)Still, three or four generations is a short time compared to how long it took (and will take) industrial technology to spread around the globe, or how long it took (and will take) universal primary education...
Brad DeLong . . . .