The answer, in my opinion, is neither. As in many things in life, business and inter-country relations included, balance is key to all things. My own reason for this conclusion is that I stem from experience in the holistic healthcare industry, specifically studying Ayurveda. One of the principle teachings of Ayurvedic medicine is balance or harmony between the mind, the body, and the spirit. So is it with economics and world trade. Balance between nations is key to a healthy relationship between the individuals that make up this world. If one is completely dominant over the others, balance is thrown off and the results can have very negative effects on those near the bottom rung of the social ladder. However, when more balance is introduced into the equation, then that allows for more important interactions between countries such as trade and commerce which fosters more growth for all parties involved in the system.
What I believe will happen is that balance will begin to return to the world-wide economy. The American dollar will strengthen, but not so much as to overpower the other countries that we do business with. Meanwhile, the value of the other monetary symbols will soften and allow for the balance between countries to adjust accordingly which will in turn foster that mutual gain and cooperation amongst countries. As I said before…it’s all about balance!
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