Difference between revisions of "China becoming the largest economy"
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==Timing:== | ==Timing:== | ||
2007: China's economy overtook Germany's economy, becoming the third largest economy | |||
2041: China's economy will be bigger than US | 2015: China's economy will be bigger than Japan, becoming the second largest economy | ||
2041: China's economy will be bigger than US, becoming the largest economy | |||
==Web Resources:== | ==Web Resources:== | ||
1. http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf | 1. http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf |
Revision as of 11:56, 15 September 2009
China becoming the largest economy
currently being edited by Syuen
Description:
Over the next 50 years, Brazil, Russia, India and China—the BRICs economies—could become a much larger force in the world economy. Goldman Sachs has predicted that China will become the largest economy in 2041, closely followed by the US and India
Enablers:
1. Stable Macro Environment
2. Strong and Stable political institutions
3. Openess to trade and foreign direct investments
4. High levels of education
Inhibitors:
1. Unstable political environment, minority issues
2. Unhealthy financial institutions (Not commercial driven)
3. Working population decreasing (one child policy)
Paradigms:
1. Change of world power when China becomes the biggest economy
2. Increase need of more energy
3. Renminbi becoming the main currency instead of USD (change the oil barrel per price)
Timing:
2007: China's economy overtook Germany's economy, becoming the third largest economy
2015: China's economy will be bigger than Japan, becoming the second largest economy
2041: China's economy will be bigger than US, becoming the largest economy
Web Resources:
1. http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf