FirmhandKY -> RE: China (2/28/2007 2:37:11 PM)
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merc, I've been interested in China and India and the world changes since the dissolution of the USSR as well, wondering if China in particular would supplant the US, or at least become a second "super power" over the next century. The biggest issue, I think, is still the culture of China, especially as it relates to corruption and "war lordism". China is attempting to have it's cake and eat it too: A capitalistic economy, with restricted human rights. I'm not sure such an animal is possible, in the long run. The only country in the world that has come close to such a thing is Singapore, and I'm not really certain that it's a good counter-example. Here are two interesting article by an Austrialian: The China Chimera Thoughts on China's future They are pretty detailed, and probably boring to anyone not into the details of bankings and savings, but the bottom line is that the economy of China is involved in a shell game with its banks and its economy. The stock market "sell off" in the US and other markets in the last few days was due to a problem in the Chinese market. I've yet to see an analysis of what caused the Chinese markets sell off, but I suspect it will be related to the issues addressed in the two above articles. I also suspect the failure of the Chinese economy would result in a world wide economic downturn. Recession. Perhaps even a bad depression. So, there will be a lot of interest in supporting the Chinese economy, despite it's weaknesses, by the rest of the world's major economies. I think this will tend to slow down Chinese political reform, until it explodes anyway. Another interesting (and more positive) outlook on both Chinese and Indian economic growth can be found at: The Culture of Success, but it only addresses the social and economic aspects of Chinese growth, not the aspect of political freedom. So, I'm not really concerned about China becoming the US's "replacement", simply because it doesn't have it's house in order enough - as it is currently configured - to reach superpower status. But, it can be - and I suspect will be - the focus of a lot of turbulance over the next few decades. FirmKY PS. Another interesting article about the US's "Superpower" Status, and why it's unlikely that any other nation will acheive a comparable status anytime soon: Why the US Will Still be the Only Superpower in 2030
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