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China’s demographic doomsayers cite the wrong data — David P. Goldman

Summary:
Education plus technology = increased productivity.Goldman shows how Krugman was wrong about the future of the Asian Tiger in the 90s. Those who lived through the similar rise of Japan post-WWII are struck by the similarities now with China. But China is a whole lot bigger and more consequential than Japan or the Asian Tigers. It is also bigger and more consequential than Germany, whose rise post-WWII was facilitated by the Allies to oppose the USSR. Now Germany is not only a vassal of the US, it is also in the process of canceling itself as an industrial powerhouse. Not so China, which is picking up those Russian resources and replacing the European countries in Russia's markets.Asia TimesChina’s demographic doomsayers cite the wrong dataDavid P. GoldmanSee alsoA Son of the New American

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Education plus technology = increased productivity.

Goldman shows how Krugman was wrong about the future of the Asian Tiger in the 90s. 

Those who lived through the similar rise of Japan post-WWII are struck by the similarities now with China. 

But China is a whole lot bigger and more consequential than Japan or the Asian Tigers. It is also bigger and more consequential than Germany, whose rise post-WWII was facilitated by the Allies to oppose the USSR. Now Germany is not only a vassal of the US, it is also in the process of canceling itself as an industrial powerhouse. Not so China, which is picking up those Russian resources and replacing the European countries in Russia's markets.

Asia Times
China’s demographic doomsayers cite the wrong data

David P. Goldman

See also

A Son of the New American Revolution
Guestpost by Observer

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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