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looking beyond borders

foreign policy and global economy

Archive for the tag “industrial revolution”

Trade, Technology, And Xi Jinping’s Question

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

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Will the World Ever Boom Again?

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 and Russia have been slowing as well — the heyday of the BRICs (Brazil, Russia, India and China) is over. But the really worrying question is: What if other nations can’t pick up the slack when China slows? What if China is the last country to follow the tried-and-true path of industrialization?

Read Here – Bloomberg

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