“Build your companies in the U.S. and North America, but go global, with the idea of diversification and investing in the future.”
That is the message economist Alan Beaulieu of Institute for Trend Research delivered to the Control Systems Integrator Association’s 300 members and friends at their annual gathering in Santa Fe, N.M.
It is a strategy of hedging one’s bets. North America is a fabulous, safe, and reliable place to do business. The question is: Where is the best place to expand overseas? Which are the countries of the future? Who is stable and growing?
Beaulieu gave four countries that have “winning demographics” and are therefore good places to be, and he gave five he sees as having “negative demographics” that are probably not as desirable over the long term.
The U.S. is tops on his list with 300 million people, and likely to go to 400-500 million by 2050. “Lots of customers, now and well into the future,” he said.
India is a great place to be. They are proving themselves socially, economically, and technologically now, he said. They are an English-speaking country, a stable democracy, and the population will grow to 1.4 billion by year 2050.
Indonesia is a stable, Muslim democracy. It is huge, and growing. It is on Beaulieu’s list along with Australia. Australia has not had a down year in its economy in 30 years. There are only 20 million people there, and they have the resources and geography to support strong growth.
Countries with negative demographics to avoid include China. Many social problems exist in China, not the least of which is a huge imbalance in sexes. There are vast numbers of young males who far outnumber young females. What does that mean? They will not have families. There will be extreme frustrations, hostility, social unrest, and crime.
Avoid Europe too, said Beaulieu. The population is shrinking, and socialism cannot handle that. Immigration is imperative and ongoing, and it is mostly Muslim. This will change the whole fabric of Europe’s culture and government.
Never mind Japan too. Their population is shrinking, and it does not even allow immigration. Russia is on this list as well, and it is another country where the population is contracting.
Finally said Beaulieu, “Invest in winning nations. Land values will go up there.”—Nicholas Sheble