Re <<In the case of China what made China was external forces: the Exporting model was a external creation that was already working when China opened up to a capitalist style economy.>>
... I see what you mean, that out of the too many countries that wish to export manufactured goods, the world picked China to do it.
I had alway thought it was a case of reform, rejuvenation, re-start, learning, studying, saving, investing, and overseas Chinese helping out.
Hmmnnn ... am going to have to think which view is correct.
Re <<China mainland looked to that tiny island of Taiwan and thought: What that Taiwanese can do we mainlanders can do too.>>
... interesting, and Here i thought China being a continental economy w/ internal needs, and sure, export at the fringes, on the margin, etc etc.
Re <<What made Japan, Taiwan and the rest of Asia was the exporting model.>>
... I suppose it could be that China is only a bigger Japan or a huge Taiwan, but then I would have to guess I suppose wrong.
Re <<But now the exporting model is dead.>>
... I best figure out a ready explanation for absolute as well as relative increases in export, and figure out why the value-add content is also increasing.
Re <<One friend one time, rather unelegantly I would say brutally said: "The Filipinos have and advantage over the Indonesians. They know that they are clueless.>>
... observe that it is easier to do business in the Philippines than in Indonesia, because the Filipinos only pray once per day whereas theIndnesians do so twice every 24 hours.
Re <<That is what China lacks. People who can function in the modern economy. They will keep doing wonders inside China but once they go out, they are out of their depth. The worrying thing is that they do not know that they are out of their depth.>>
... Yeup, look at all the failed Chinese all around the world.
Re <<A small country without pretense to be a world power can function without bigger % of people who can function in the modern economy. China got too big but with a tiny % of what is called Intelligentsia.>>
... and I thought I it took was studying, learning, adapting, saving, investing, and working. I guess I am wrong.
Re <<You have not forgot the theory of natural size which uses the British Empire and is applied to the US end of last century. That we can apply to any country. Which points to Japan return to insignificancy that they came from. They did well, but they will return to their natural size.
And that is what make China just a blip on the screen. They come and they quick go back to their own natural size.>>
... Yeup, I suppose the natural size of everything China is naturally small.
No hope of returning to 36% of global GDP then.
Please do excuse me while I recover ...
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