Difference between revisions of "China becoming the largest economy"

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[[China becoming the largest economy]]
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==Description:==
 
Over the next 50 years, Brazil, Russia, India and China—the BRICs economies—could become a much
larger force in the world economy. Goldman Sachs has predicted that China will become the largest economy in 2041, closely followed by the US and India
 
==Enablers:==
 
1. Stable Macro Environment
 
2. Strong and Stable political institutions
 
3. Openess to trade and foreign direct investments
 
4. High levels of education
 
==Inhibitors:==
 
1. Unstable political environment, minority issues
 
2. Unhealthy financial institutions (Not commercial driven)
 
3. Working population decreasing (one child policy) 
 
==Paradigms:==
 
1. Change of world power when China becomes the biggest economy
 
2. Increase need of more energy
 
3. Renminbi becoming the main currency instead of USD (change the oil barrel per price)
 
==Timing:==
 
2007: China's economy overtook Germany's economy, becoming the third largest economy
 
2015: China's economy will be bigger than Japan, becoming the second largest economy
 
2041: China's economy will be bigger than US, becoming the largest economy
 
==Web Resources:==
 
1. http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf
 
2. http://www.bloomberg.com/apps/news?pid=20601110&sid=a9P1peF6QeOg

Latest revision as of 14:08, 31 May 2010

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