Speaking at a TED Salon in London, economist Martin Jacques asks: How do we in the West make sense of China and its phenomenal rise? The author of "When China Rules the World," he examines why the West often puzzles over the growing power of the Chinese economy, and offers three building blocks for understanding what China is and will become.
Thats one scary look into the future. If this guy is right then we are seeing Western dominance take a back seat to China's rise. Jim Roger's has seen the writing on the wall. He's already over there living and raising a family. Teaching the kids Cantonese. He says China is the dominant country of the 21st century. He has said it ten years ago.
ReplyDeleteInteresting. I have to admit that I feel like I have been through this so any times before. In my early years of graduate school professors were quite caught up in the the possibility that the Soviet Union would overtake us economically. Then, in the '80 it was the Japanese. After that it was East Asia that roared ahead until they competed on who could build the biggest skyscraper and then found they had problems when they were uninhabited. The fact is that today China is a very, very poor country. As they get wealthier they will have the ubiquitous problem of how those in control give up power to the market system - something very difficult to figure out. Maybe he;s right but I'll have to see it first.
ReplyDeleteFascinating insights. I liked what he said about Hong Kong. I wonder how the issues of resource depletion are going to fit into the breakneck development that Jacques envisions.
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