When China Takes Over the World ...

It's probably just a matter of time before China becomes the largest economy in the world. When it does claim the top spot, what sort of dragon will it be? Will China be a benign hegemon?

The Economist pontificates:

If China does usurp America, what kind of hegemon will it be? Some argue that it will be a “premature” superpower. Because it will be big before it is rich, it will dwell on its domestic needs to the neglect of its global duties. If so, the world may resemble the headless global economy of the inter-war years, when Britain was unable, and America unwilling, to lead. But Mr Subramanian prefers to describe China as a precocious superpower. It will not be among the richest economies, but it will not be poor either. Its standard of living will be about half America’s in 2030, and a little higher than the European Union’s today.

With luck China will combine its precocity in economic development with a plodding conservatism in economic diplomacy. It should remain committed to preserving an open world economy. Indeed, its commitment may run deeper than America’s, because its ratio of trade to GDP is far higher.

Link

Newest 5
Newest 5 Comments

History has shown us that economic super powers are far more benign than military ones. As long as China keeps its military strictly defensive, I think we will be OK.
Abusive comment hidden. (Show it anyway.)
RudeDude have you been paying attention to the state of the US economy. This August was the first since 1945 that no new jobs were created in the US. I could go on about other economic indicators but it would be too long a list
Abusive comment hidden. (Show it anyway.)
No way in he|| China becomes No.1. The U.S. may lose the position, but with its Communist Gov and Crimes against humanity, China will never make it to No.1. Period.
Abusive comment hidden. (Show it anyway.)
No Dr. Dan, economic dominance relies not only on natural resources but on processing skills and workmanship, too. Besides, at which "size" would you draw the line between "relatively small" and big enough?
Abusive comment hidden. (Show it anyway.)
Commenting is closed.





Check out Twaggies' very funny clip:

Om Nom - Twaggies by Twaggies
Email This Post to a Friend
"When China Takes Over the World ..."

Separate multiple emails with a comma. Limit 5.

 

Success! Your email has been sent!

close window