It is certainly an intriguing era full of contradictions in respect to world economic and market performance with some countries struggling to achieve positive growth and deal with debt whilst others flourish. Even within some regions there are stark contrasts in terms in economic performance and prosperity, in particular Europe.
With the growth economies of Asia led by China, the Pacific region in general and other arising growth economies throughout the world could this be a change in the world order of economic power? We saw Japan rise to almost eclipse the USA economy in the 1980s, but the growth of China appears to be unstoppable with 200 million people expected to graduate from the rural sector to the affluent urban sector over the next 10 years.  It is inevitable that China will become the world economic leader in the foreseeable future.
It used to be said that Australia “rode on the sheep’s back” when we mostly relied on wool and primary production for economic output. In the past we struggled to maintain a balance of trade when our major trading partners were the UK and the US. Now times have changed and the export of resources plays such a major part in our economy with our major trading partners now being our Asian neighbours. Certainly Australia’s economic profile has changed dramatically over the past few decades and our economy is now seen as well regulated, robust and sustainable in the overall global scheme of things. Hence, the strength of the Australian $ is likely to continue for some considerable time. 
Economically speaking, where else in the world would you rather be than right here in Australia?