Richard Bush
YaleGlobal, 30 June 2011
Big is not necessarily better – China must decide what to do with its economic might.
WASHINGTON: Recently the International Monetary Fund confirmed what the average Chinese has long anticipated: China will soon have the world’s largest economy, surpassing the United States. There may be quibbles about measuring sticks and low per capita GDP, so timing is imprecise. But the trend is clear. In terms of gross domestic product, China will become number one in this decade or the next and the United States will become number two. Yet rankings do not automatically confer power and influence. More important is how a major country chooses to use its power, for good or ill.
Link
Big is not necessarily better – China must decide what to do with its economic might.
WASHINGTON: Recently the International Monetary Fund confirmed what the average Chinese has long anticipated: China will soon have the world’s largest economy, surpassing the United States. There may be quibbles about measuring sticks and low per capita GDP, so timing is imprecise. But the trend is clear. In terms of gross domestic product, China will become number one in this decade or the next and the United States will become number two. Yet rankings do not automatically confer power and influence. More important is how a major country chooses to use its power, for good or ill.
Link
