Free Republic

Which economy will dominate the Globe 10-20 years from now? While the US economy of today is the world's most powerful given consideration to its ability of providing large numbers of households with the blessing of prosperity and, furthermore, the upsurging economy of China probably will be able to fully compete with the Western World in 50-100 years or so, 'Old' Europe still stands a decent chance of strengthening its position visavi these 'parvenu' economies during the next decades. Americans who pride themselves of belonging to and contributing to the most impressive economy on Earth are right in doing so....

MOSCOW. (RIA Novosti political commentator Alexander Yurov) - The Russian market is quickly developing modern commercial methods. Hypermarkets and supermarkets are springing up all over the country. It is indicative that from 2003 to 2006 their number surged from 8,991 to 20,524. Modern commercial outlets' share of the market is expected to triple by 2010, reaching 50%. Several international retail chains are successfully operating in Russia, including Auchan, AVA, Metro, Migros Turk, REWE, SPAR and Tengelman. The Russian consumer market is becoming increasingly westernized, according to the latest research by PriceWaterhouseCoopers (PWC). Merchants are offering more and more luxury and...