220 likes | 398 Views
China’s Impact on the Global Economy Trade, Energy, and the Environment. March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org. Per Capita GDP. Per Capita GDP 2013 (PPP), Wikimedia Commons.
E N D
China’s Impact on the Global EconomyTrade, Energy, and the Environment March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org
Per Capita GDP Per Capita GDP 2013 (PPP), Wikimedia Commons
Balance of Trade:Foreign Exchange Reserves Minus External Debt http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png Based on CIA World Factbook data
China’s Growing Dominance? Weighted average of the share of a country in world GDP, trade, and in world net exports of capitalfrom Arvind Subramanian's “Eclipse: Living in the Shadow of China's Economic Dominance”
Insatiable Demand for Energy Wall Street Journal
The Easy (Cheap) Oil is Gone WashingtonPost.com
Is Economic Growth Sustainable? • Population growth and congestion • Rising cost of energy • Climate change • Environmental degradation • Poverty, starvation, disease • Political conflicts, terrorism
Their Moonshot and OursThomas Friedman, 9/25/2010 China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars. Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan. We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.