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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (252918)	1/3/2008 4:57:18 PM
From: c.hinton	Respond to of 281500

geode, i dont know......they might be paying a huge price in pollution and spreading inequality in return tons of US paper thats literally worth less each day. imho china is a time bomb ...few countries have gone through such rapid growth without a severe correction...its part of the economic cycle... ps i am not sure china can be said to have capitalistic roots. Another Book: Economic Change in China, c. 1800-1950 Another one to add to the pile: Economic Change in China, c. 1800-1950: Philip Richardson (1999), Economic Change in China, c. 1800-1950 (Cambridge: Cambridge University Press: 0521635713). Reviewed for EH.NET by Debin Ma, Institute of Economic Research, Hitotsubashi University, Tokyo, Japan and Department of Economics, University of Missouri, St. Louis. Richardson shows there are relatively firm statistics indicating that foreign trade and investment grew enormously in the nineteenth and twentieth centuries. Industrial output, particularly the modern sector, also exhibited an impressive growth record during the twentieth century. But these elements were far from altering the basic structure of the economy dominated by the giant agricultural sector where traditional technology prevailed and estimates of per-capita output growth are dubious due to the lack of consistent aggregate time series data.... "The major long-term influences... were the pressure of population on the land, the intensification of commercialized market mechanisms, contact with the outside world and the role of state. By the middle of the twentieth century those factors had... produce[d]... significant elements of modernization but not... sustained growth..http://delong.typepad.com/sdj/2005/08/another_book_ec.html ps chinese outside of china certainly have a rich capitalistic history in southeast asia