Before building the Great Wall, China was technologically advanced. The Chinese people had accurate clocks, crossbows, compasses, and even successfully deep-drilled for natural gas. Yet when China built the Great Wall for protection during the Ming Dynasty, they began to lag increasingly further behind. By decreasing their interaction with the rest of the world, they wound up […]
The modern economy depends on bilateral trade deficits; it would collapse without them. In an age of advanced technologies and accelerating specialisation, attempting to manufacture everything domestically or bilaterally would be prohibitively costly. Read Here – Project Syndicate
The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil […]
looking beyond borders 