Ted, thanks for the post. Just a comment on China:
> And let me just add........very few Americans understand how quickly China has industrialized. What took the US nearly 100 years, China is doing in 2 decades.
It's not too hard for China to industrialize this quickly, given that for the most part, they are following in the footsteps of Japan, Taiwan, Hong Kong, and more recently Korea.
What should be remarkable about it is, quite simply, the size of China. Industrializing a nation of one billion people is quite mind-boggling. At least in Japan, Taiwan, Hong Kong, and Korea, each nation has a much smaller, more homogeneous population. Can't say the same about China.
Tenchusatsu |