Discussion Forums > Politics

Crazy economic growth of China

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AceHigh:
Yes they can influence the world economy, that's why they are economical great powers, however if one of the real superpowers would just disappear, it would not influence the economy, but literally destroy it. And that is an economical superpower.

So if S.Korea suddenly disappears, there will be big fluxuations in world economy. If however USA suddenly disappears and with them the dollar, then the current economy will collapse completely. *Poof* fucking gone.

A superpower is a state with a leading position in the international system and the ability to influence events and its own interests and project power on a worldwide scale to protect those interests; it is traditionally considered to be one step higher than a great power.

Oh well, you making up your own definitions for terms that the definition is already agreed on is nothing new.

Proin Drakenzol:
China is able to grow so rapidly because they are playing catch-up. Their former economic models and actions were so far behind the power curve that any positive change is going to spark HUGE short term growth.


The big question is if they can shift to a more capitalist and free-market oriented economy. If they can't then they'll forever be a secondary or tertiary economic power.

Sosseres:
I sadly think they will move up to a first class economy. The west is doing the same thing they did to Japan, only faster and more focused due to lessons learned of the process. The examples I have is from heavy trucks where Volvo (the largest) and several other of the largest companies own ~49% of Chinese truck manufacturers. They are currently in late 80's in design and quality, going for 1/10-1/5 of the price. That sells well on the eastern Asian market and gives the funds to continue to grow. I fail to see the difference between this and earlier Japan, except the population.

I sadly lack the sources for this since it was a company course that included physical examples of the various truck kinds. Where western ones were still much better, but with the giving away of second rate technology they will be up to some of the harder environment goals in a few years and selling trucks that will work well on any non-European/Japanese (S. Korea?) market (due to the extreme environment and up time demands here).

AceHigh:
If China becomes a first class economy, then they may lose the biggest advantage: cheap labour.

Sosseres:
Well it is true that is their current biggest advantage, but cheap labour learns how to produce and implement changes. Sadly the Earth can't support another huge consumer market resource wise, at least that is the feeling I've gotten in recent years.

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