Quote Originally Posted by Wakizashi View Post
Arguably however, #1 does not necessarily mean an improvement in the quality of life. My bet is that the average Japanese Joe is still living better (and will continue to do so) than the average Chinese Joe. Despite China being the bigger economy. Whether or not China rises to be top dog, I doubt it will greatly affect most people in the world anyways, I think the biggest noticeable difference will be an exchange of American businessmen ruthlessly exploiting the poor to Chinese ones (although no doubt there will still be plenty of American businessmen). That hardly matters to people on the bottom rung of society.
It means the improvement in the quality of life but for a long time average Japanese and American Joes will be living better than average Chinese Joe.

On the other hand, it will have an effect on the world, mostly bad on western countries...