Hola I don't understand why he says that "China's growth model is under pressure". China had been growing at a rate upper than 9% and in opinion of economists from economical observatories in USA, China will continue growing at a rate around 8.8% in spite of Europe and US difficulties to growth. Maybe, USA preoccupation about a China's manipulation of the currency is so simplistic and incomplete.
The referred article doesn't show a complete scheme of the global economy. During decades Latin America remained poor being the source of commodities for USA and Europe. Now, when China emerges as an economical power, Latin America becomes source of the same commodities for China but this time, richness and growth finally arrived to Latin America region. It seems that extremely asymmetrical relations between the big brothers (US-Europe) and Latin America don't exist between China and Latin America and it has created a fruitful symbiosis between both and I suppose that it may be a similar situation between China and countries of Africa and Asia. During the last days Jim Hoffa has been in the headlines in the US media because of his polemical opinions about some republican's moms. In spite of this pitiful gossip, he did say something interesting criticizing to some successful USA companies. He says that these companies are not doing well while manufacturing in China because it increases unemployment in USA. That's a good point, but salary in China is so cheap; even some companies from Latin America are manufacturing in China too. ¿Which one if the formula?.. still thinking. 2011/9/5 Owen Densmore <o...@backspaces.net> > Interesting premise from Tom's latest op-ed piece: http://goo.gl/rm3Te > > We're going through 4 huge shifts in the world, and no one has any idea how > to manage them: > > Quote: Now let me say that in English: the European Union is cracking up. > The Arab world is cracking up. China’s growth model is under pressure and > America’s credit-driven capitalist model has suffered a warning heart attack > and needs a total rethink. Recasting any one of these alone would be huge. > Doing all four at once — when the world has never been more interconnected — > is mind-boggling. We are again “present at the creation” — but of what? > > > The first (the EU) freaks me out most, both because it's extraordinarily > difficult to manage, and because no one in the US seems to see how important > it is. > > Worth a read. > > -- Owen > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > lectures, archives, unsubscribe, maps at http://www.friam.org >
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
