"Among Americans polled, 44 percent said China was the world's leading economic power compared with 27 percent who named the United States."
Discuss. I disagree strongly. I can only hope that this poll was conducted only in some small southern town and not the entire US.
(Source: http://www.msnbc.msn.com/id/34255911/ns/world_news/)
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I also disagree. From The Washington Monthly:
ReplyDelete"China is, to be sure, an economic powerhouse. Just as important, it's economic growth is astounding.
But it's easy to forget sometimes just how huge the American economy is.
The United States' GDP is about $14 trillion. That's more than Japan's ($4.9 trillion), China's ($4.4 trillion) and Germany's ($3.7 trillion) -- the next three largest economies on the planet -- combined.
Based on estimates from the International Monetary Fund, over the next five years, China's GDP is expected to grow considerably faster than America's, but by 2014, the U.S. economy is still expected to be double the size of China's.
There's a lot more the U.S. can and should do to position itself for the future, and it's going to take some real leadership (and perhaps a majority-rule Senate) to protect the country's global leadership role.
But is China the world's leading economic power? Not yet, it's not."
So what's the point here? Peoples opinions or the facts? We all know people can have misinformation about various issues that may cause them to form inaccurate opinions. But of what harm is the average Joe's opinion about this issue? What effect does it have on him, his income or the GDP of the USA?
ReplyDeleteIt would seem that as China's (and others) GDP grows, it does so at the expense of others. I wonder statistically the biggest losers of GDP as these growth shifts take place?
**Walter**