The U.S. 2012 election will also pave way to the most complicated international power transition in the past 140 years as the rising China may replace the United States as the leading growth engine of the world economy by 2020. US presidential elections of 2012 will take place in the most challenging environment, which will not be immune to catastrophic crises.
Rob Johnson of INET sends me to an interesting paper by Autor, Dorn and Hanson (pdf) that uses regional data to estimate the impact of China imports on manufacturing employment.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph WASHINGTON, DC – According to Voltaire, the Roman Empire fell “because all things fall.” It is hard to argue with this as a general statement about decline: nothing lasts forever. But it is also not very useful. In thinking, for example, about American predominance in the world today, it would be nice to know when it will decline, and whether the United States can do anything to postpone the inevitable.
China's drive to secure Middle Eastern oil supplies is likely to find itself in competition with the United States. Published: Sept. 16, 2011 at 11:54 AM BEIRUT, Lebanon, Sept. 16 (UPI) -- China's drive to secure Middle Eastern oil supplies is likely to find Beijing in competition with the United States, which despite efforts to wean itself off Persian Gulf crude is likely to return to the region as reserves in Canada and Mexico dwindle, analysts say.
Speaking of busting China myths, Arthur Kroeber does a nice job with one persistent meme: China is not in any practical sense “America’s banker.”
Henry Kissinger is a former US secretary of state.
The week ahead: 1-5 April A look at the week ahead from beyondbrics: a deadline for Malaysia to hold general elections approaches; Venezuela launches its presidential campaign; Hollande visits Morocco; the 14th international oil summit starts in Paris; location elections begins in Gambia; and ex-Maldives president Mohamed Nasheed appears in court in Male on an abuse of power charge. Plus: Monsanto reports earnings, and Babcock International and AMEC issue trading and sales updates. Sources: Fens; FT Corporate diary
For years, the U.S. chicken industry has boosted profits by selling white meat to Americans, who eschew darker cuts, and exporting tons of thighs, legs, and feet to China, Russia, and Mexico, where consumers are less fussy.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph NEW HAVEN – The Chinese have long admired America’s economic dynamism.
China has begun stepping in to buy up European sovereign bonds because allowing a default in Europe will trigger a global systemic collapse that will destroy China’s economy.
By Matthew Robertson & Helena Zhu Epoch Times Staff Created: August 21, 2011 Last Updated: April 7, 2012
Follow The Daily Ticker on Facebook here! Outside of the market madness, the biggest global news this week might be China sending its first aircraft carrier to sea. The launch was not unexpected and China sought to downplay its significance, saying "it will not pose a threat to other countries."
By Maggie McMillan, guest blogger When economists talk about structural transformation, they typically have in mind developing countries and the dual economy models à la W. Arthur Lewis that emphasize productivity differentials between broad sectors of the economy, such as agriculture and manufacturing.