The document discusses China's rise as an emerging global power that could surpass the United States economically within 20 years. It notes predictions from 2009 that China could become the world's largest economy by 2027. It also lists ways China has gained influence internationally in debates and military technology as the US relies on China to finance its debt and wars. The article raises questions about whether the American Dream may be ending and how a shift in global dominance from the US to China may impact other countries.

1. Technology & World ChangeTechnology, Society & Global DominancePresenter: Casslynn Tan

2. Article

3. Background“When we first suggested back in 2003 that China could possibly challenge the US to be the world's number one by 2041, many thought it was a pipedream, and had virtually no chance. In fact, it is possible a lot sooner, and indeed, we now think it could happen within 20 years - in fact 2027 to be precise, so 18 years.”- Jim O-Neill, Chief Economist of Goldman Sachs (Statement made in 2009.)

4. Do you know?In 2009, Hillary Clinton humbly requested the Chinese to keep buying US Treasury Bills.Using deficit spending, US has been fighting the Afghanistan War with a Chinese credit card.There is an increasing gain of support for China, but a loss for America on debates on world issues. Fortune Top 10 List (2010)- 2 American companies but 3 Chinese firms.China’s development of new missile and anti-satellite technology threatens US’s supremacy in the Pacific.

5. Key MessagesTime to wake up from the American Dream?Look at other emerging powers.

6. Rating of Article: 8.5/10DISCUSSIONWhat are your thoughts on China being the next rising star & US becoming a declining player?How will this shift of dominance impact countries globally?

7. THE ENDReferencesRachman, G. (2011, January/February). Think Again: American Decline. Retrieved August 20, 2011, from FP- Foreign Policy: http://www.foreignpolicy.com/articles/2011/01/02/think_again_american_decline?page=full

8. London Evening Standard. (2009, November 17). China will be world's biggest economy by 2027. Retrieved August 20, 2011, from London Evening Standard: http://www.thisislondon.co.uk/standard-business/article-23770626-china-will-be-the-worlds-biggest-economy-by-2027.do