Friday, April 15, 2011

China

I was reading today a great article about China. The economic growth that this country has seen over the past two decades is amazing.
The labor force from 1980 to 2010 grew at 1.7% a year. This productivity growth was coupled with rapid urbanization.
Annualy, the number of undergraduates rose 25% from 1998 to 2004.
All of these growths were coupled with sustained 10% yearly economic growth.
The article, "What if chines econommic expansion is a about to slow?" raises some interesting points.
Birth rates, linked directly to productivity growth, has slowed significantly.
The number of jobs for all of these undergraduate students has also slowed, this may indicate economic mismatch.
The article goes on further to compare the growth in China to the growth in Japan from 1950 to 1990.

I encourage you all to read the article. I dont think a lot of what is in the article will happen, but its a different take on the growth of China.

http://www.washingtonpost.com/opinions/what-if-chinas-economic-expansion-is-about-to-slow/2011/04/12/AF8BN6eD_story.html

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