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> It's also why I'm sceptical when people talk about China being the next economic superpower. I'm not an expert in economy, just a Civilization V player :) bu
by Florin_Andrei 13y ago
> It's also why I'm sceptical when people talk about China being the next economic superpower.
I'm not an expert in economy, just a Civilization V player :) but I think these examples are very different. China is, simply put, orders of magnitude bigger. Even at a lower efficiency, they could output so much more "stuff", in any field of activity.
At this point, the only way they could go down in flames (or stay crawling at a low level) is self-sabotage via shortsightedness, bad decisions, cultural taboos, etc.
- versk 13y ago> China is, simply put, orders of magnitude bigger Ah China, Like religion, a topic about which people who have no idea about are comfortable making grand, utterly wrong statements. China's GDP is about 50% bigger than japans, its exports are about 2.5 times japans. The idea that china is too big to fail is ludicrous. It might be possible to argue though, that its too big to succeed
- SkyMarshal 13y ago>It might be possible to argue though, that its too big to succeed On the one hand it's already succeeded - second largest economy in the world and all that. But from an economic development point of view, that's a very interesting question. Can China solve its development problems, which are numerous - development of the entire country not just the 30% of the population on the coast, governance of that unprecedented mass of people, and rapidly ramping environmental problems?
- Florin_Andrei 13y ago> Ah China, Like religion, a topic about which people who have no idea about are comfortable making grand, utterly wrong statements. Careful, that sword has two edges. I was referring to its potential - population, territory, resources.
- tsotha 13y ago>China is, simply put, orders of magnitude bigger. One order of magnitude, anyway.