China Not Just A Flash In The Pan

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China: The world’s next super power or a flash in the pan?

Econ Outline: Is Chinas current economy sustainable?

I. China is a country who economic growth has been increasing and is believed to continue increasing for time to come

a. Past Data

b. Current Data

c. Future

If China continues on the its current economic path, it has the potential to be a very powerful country

II. Over the past five years China’s GDP has grown by 8% annually

a. Data

i. 1978 and 1998 gross domestic product or GDP per capita grew at an astounding 8 percent annually

ii. a performance which makes China the most rapidly growing economy in the world during this period

b. What data means

c. How it shows what is currently happening

III. What is going on right now in China

a. What economy is doing

i. In 2002, the Chinese Communist Party announced a goal of quadrupling per capita income by the year 2020.

ii. Starting at income levels of the year 2000, this would require a growth rate of 7.2 percent per annum in per capita income or close to 8.0 percent in GDP

iii.

b. What china is doing to promote economic growth

i. China has substantially increased the percentage of its workforce receiving a college education, and continuing growth in this investment in human capital could account for a large portion of the desired growth rate

c. How they can cause future change

IV. China’s economic future.

a. Possible problems

i. If China grows like a setting of the simulation, the energy

Consumption is very likely to exceed the supply. In this case, the growth of China as well as the rest of the world will be stagnant

ii. Insufficient resources, irrational economic structure, and over-dependence on foreign trade and government investment could a...

... middle of paper ...

...nd the EU”. Retrieved April 12, 2006, from http://www.nber.org/books/ease16/iwamoto12-14-05comment-on-kotlikoff.pdf.

Rodgers, Y. (2006, January). Asia’s Race to Capture Post-MFA Markets:A Snapshot of

Labor Standards, Compliance, and Impacts on Competitiveness. Retrieved April 12, 2006, from http://www.econ.utah.edu/activities/papers/2006_02.pdf

Striving for Sustainable Growth. (2004, February 27). China Daily. Retrieved April 9,

2006, from http://www.china.org.cn/english/BAT/88647.htm

World Bank (2006). Statistics retrieved April 03, 2006, from the World

Development Indicators Database (WDI)

World Factbooks Rank Order-GDP. (n.d.). Retrieved April 03,2006, from

http://www.cia.gov/cia/publications/factbook/rankorder/2001rank.html

Table One

Source: Data compiled from World Development Indicators Database

Table Two

Source: Data Complied from W

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