Difference between revisions of "China becoming the largest economy"
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Revision as of 20:36, 11 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
Timing:
2015: China's economy will be bigger than Japan
2041: China's economy will be bigger than US 1949: psychologist Donald Hebb suggests that a strengthening of the connections between neurons in the brain accounts for learning.
Web Resources:
1. http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf