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What I find interesting about this is how China is predicted to have almost double the US's GDP by 2050, but GDP per capita tells a different story: US GDP/cap
by Volscio 17y ago
What I find interesting about this is how China is predicted to have almost double the US's GDP by 2050, but GDP per capita tells a different story: US GDP/capita will be double China's in 2050. Then some good debate on whether an authoritarian mixed economy can allocate its GDP more effectively than the US's democratic mixed economy. Which will define the next 40 years? Aggregate or per capita GDP?
- ardit33 17y agoone implication of the above is: by 2050 china will be able to spend twice more than the us in military spending, and afford having four times more soldiers/manpower than the US (as costs of personel would be twice lower). hmmm.... new superpower indeed, in paper at leas