According to this article in a British newspaper, China already is the world’s dominant nation.
I strongly believe that China will be the world-dominating power that my children and their children will have to deal with; whether that will be a good thing or a bad thing, I don’t know. I don’t believe that anything can change the course. My job is to educate my own children well, so that they are as prepared as they can be for the future, including dealing with China.
Sic transit gloria mundi.
overstatement. we though japan would dominate as well back when.
chinas population is aging.
they are acheiving what they are by massively destroying their natural wealth and health by taking on the world´s dirtiest industries.
Even now THEY too are exporting jobs to India. There is no place for a Liberal Arts education in China. They are technical supermen. But that can only carry a nation so far…. Higher education as a means to connect dots and thing critically is an underestimated power.
How far can a nation progress that stiffles free expression?
On the other hand…. they, combined with India, will probably start becoming the ones who establish industrial standards. Their combined populations are huge, and their bilateral trade will require that standards be set between them. My bet is more on India than china. The world´s largest democracy. We forget this, because, like France, they will not follow our leads. we prefer to get in bed with pakistan. Ouch!
Power we gained over industrial standards after wwII , including the dollar, is really what is left of our economic power now. My new country Brasil still uses inches and gallons by a different name in televisions, plumbing and many other areas…. Even in a metric country, US standards will not die quickly. Advantage USA.
We and europe are far more adaptable. As china´s workforce becomes better paid, things will even out.
All those cheap china goods that kept our inflation low are going byebye fast. Hello stag-flation USA. rising chinese wages combined with a weak dollar. They will not export as much to us. our economic woes will affect them dramatically.
not to mention as the real kicker….
China is financing our war in iraq. They are currently buying the majority of our governments debt instruments by far.
No wonder Bush doesnt say a peep about human rights in china. I am so glad he is at least that smart.
Imagine what that could mean for both countries if our economy dives and what it means for the long term.