Discussion Forums > Politics
Crazy economic growth of China
darkjedi:
I didn't hear about that currency manipulation before. Now it sounds serious. We don't know how it will affect the economic supremacy of China yet, though, because currency manipulation works two ways; it helps selling things at a more expensive price, but it makes buying also expensive. I think I get it now... they've been selling stuff to the Western world where USD holds higher value and have been buying things from its Asian partners for cheaper price. (compared to USD) I think it will be important how the Eastern market treats the Yuan currency manipulation. If they are fine with it, (keeping USD high is beneficial for countries who export to West more than they import anyway, and most East countries do precisely that) China can keep buying stuff from them, but their export's gonna suffer a bit if it gets negative feedback from the Western market. We also need to know how E.U.'s treating the issue, and how the trend developed recently. All I hear in that article is 'Obama' right now. :P It's a bit outdated too.
AceHigh:
--- Quote from: darkjedi on July 13, 2009, 09:59:06 AM ---Which kind of country, economic superpower?
--- End quote ---
Right now, only USA. Because US Dollar is defacto international currency. That is domination and therefore USA is a superpower.
--- Quote ---I don't want my mom to die, and that's enough reason for me to hope differently. I hope SK becomes a superpower (if it isn't yet) not a pile of ash.
--- End quote ---
It is not, and it will never be as long as it's an American bitch just like Japan.
--- Quote ---China and Russia and E.U. are a 'great power' by Wikipedia standards, but by mine, (and a few million others') they are more than mere 'great powers'.
--- End quote ---
I don't care dick for your definitions unless you convince me that they are shared by millions others as you claim. Oh, and those millions overpatriotic Koreans who think they matter is not a valid group of people.
--- Quote ---About the European culture: Aside from a few countries who survived the World War II on their own (Britain, France, Sweden, Spain, etc.) most Europe countries are copycats of either U.S. or Soviets with a few individual differences. That's what someone I trust who went to work in Europe and U.S. and Russia few years ago has described to me. I myself hadn't been there yet.
--- End quote ---
First of all: USA has no culture of it's own. It is one thing the colonist countries that are so young simply don't have. Hell, even language is not yet fully evolved into a unique one. Go to Bavaria and order beer in a maßkrüge, then tell me how it's similar to US or Russian culture. Really, dividing Germany in 2 didn't eliminate their culture and all other countries have their own.
The dude that told you that it is similar has no idea... it's probably a case of "All whites seem the same to me"
relic2279:
--- Quote from: AceHigh on July 13, 2009, 11:48:01 AM ---It is not, and it will never be as long as it's an American bitch just like Japan.
--- End quote ---
Hey. South Korea is our bitch, but Japan is our mistress. Our sick, kinky, perverted but dead sexy mistress. :-*
As far as North Korea goes, lemme quote Reservoir Dogs:
"If North Korea keeps talkin' like a bitch, we're gonna slap them like a bitch."
darkjedi:
--- Quote from: AceHigh on July 13, 2009, 11:48:01 AM ---Right now, only USA. Because US Dollar is defacto international currency. That is domination and therefore USA is a superpower.
--- End quote ---
We have a problem. It's a paradox. If domination was a requirement for being a superpower, the world should have only one superpower at any given time, but history has taught us that there were two; the U.S.A. and the U.S.S.R. neither side dominated the global market, or even global politics; (one reason why India remained so powerful despite its precarious strategic position was because both sides lacked force projection on South Asia. And Hong Kong too was under the influence of only a minor power then, and see where it is now) U.S. could have cut ties with some of its stronger Europe allies and Canada all it wanted and all it would have done was them shifting the buyers of its natural gas (a major commodity at that time. Caused a lot of pollution, too) from U.S. to U.S.S.R. Of course, U.S.S.R. had sufficient natural gas and oil reserves in its territory, but the shift of buyers could have become the lever using which U.S.S.R. could have put pressure on U.S. economy, straining its industry. (they lack fuel, duh) In any case, U.S. was far from dominating the global market, because its economy was very dependent on U.S.'s allies willingness to cooperate; yet, it was still a superpower, because it still influenced the world a lot. So was U.S.S.R. also. I don't really know where you get the idea that domination is required for being a superpower, (not even Wikipedia says that lol) when there is the term 'dominant superpower' precisely meant for the kind of superpower that U.S. is now. And even now U.S. is far from completely being dominant in the economic and the political arena. In the East, it's China, Japan, South Korea, and India who control economy and regional politics, not U.S. (just don't get started on 'U.S. fleets defend Japanese airspace', it will be tiring) Even if USD crashed down due to mysterious circumstances (alien invasion, for one) all the world needs doing is to change the de facto international currency from USD to Euro and relocate their major establishments from the American continent to Europe and China. Conversely if either China or E.U. was disintegrated we could shift our attention back to U.S., or just make each countries fend for itself with their own regional trade. (Russia-South Korea-Japan can work rather well, and so can Gulf states-India relationship; both will have enough fuel and industry and labor to survive without the West) A feat easier said than done, yes, but hardly impossible, and it proves that U.S. is no more dominant than E.U. or China is. So there is no '*poof* fucking gone' happening when U.S. is gone, despite it being a superpower. But it's still a superpower, yes. The most powerful one. Even if it wasn't, it still is.
Now, the point is, if U.S. can cause such global instability, can other countries do too? Definitely they can, and those includes India (250 billion USD global market share) and South Korea (400 billion USD global market share). It doesn't matter that those countries' shares are 15%-25% of U.S.'s, as long as they have the capability to blackmail the global market 'meet our demands, or we'll fuck you over'. Remove either of them from the global market and the world will go apeshit over where else to get those lost 250 or 400 billion USD from. Aside from that, the impact on the high-tech market will be particularly great when South Korea is removed because it will increase the demands of high-tech industry in other high-tech exporters significantly (I'm not joking) and therefore cause inflation in a worldwide scale, and that's the start of next recession. :P Where do you think Airbus get its avionics spare parts from for their airplanes? U.S.? On the other hand the loss of India will cause deflation in the Gulf states' oil and gas revenue and steal Canada's throne as the main oil exporter in the West as those minor Gulf exporters rushes to sell its oil and gas in the Western world. Now there it is, India and South Korea are major powers of the world economy, with the potential to change global economy as we know it, either through action or inaction, rightfully deserving their titles as economic superpowers. Don't get started on the individual members of the E.U. and Russia and Japan; their shares in the global market might seem small compared to U.S.'s, but their loss is still going to be catastrophic. You can choose believe me or not, I don't care. I believe that the countries you believe are great powers only are in fact superpowers in their respective arenas, and Wikipedia is not going to convince me otherwise.
If you are wondering where I got my 'market share' data from you can try the international monetary fund website aside from EconomyWatch. Its credibility is proven (it's an international organization) and it has a lot of articles that can provide additional information.
sdedalus83:
For proof of the *poof* fucking gone hypothesis, just look at the nearly catastrophic international effects of the US credit freeze last year. The European and east Asian markets were hit even harder than ours. When it looks like the purchaser of nearly 1/3rd of the world's exports starts looking like it might cut back dramatically on importation, the entire world market is fucked. There is nobody to shift that business to; it really would simply disappear.
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