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China’s Impact on the Global EconomyTrade, Energy, and the Environment
March 29, 2014Robert KaulfussProfessor of EconomicsMiddlesex Community CollegeBeyondEconomics.org
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Per Capita GDP
Per Capita GDP 2013 (PPP), Wikimedia Commons
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Balance of Trade:Foreign Exchange Reserves Minus External Debt
http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.pngBased on CIA World Factbook data
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Population
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China’s Growing Dominance?
Weighted average of the share of a country in world GDP, trade, and in world net exports of capital from Arvind Subramanian's “Eclipse: Living in the Shadow of China's Economic Dominance”
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The American Dream
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Demographics
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China Adopts Fast Food
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China Adopts the Car Culture
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Insatiable Demand for Energy
Wall Street Journal
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Surging Demand for Oil
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Oil Prices in the Industrial Age
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The Easy (Cheap) Oil is Gone
WashingtonPost.com
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Biggest Contributor to CO2
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CO2 Levels (Now at 390 ppm)
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Arctic & Greenland Ice Melt•
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Is Economic Growth Sustainable?• Population growth and
congestion• Rising cost of energy• Climate change• Environmental degradation• Poverty, starvation, disease• Political conflicts, terrorism
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Their Moonshot and OursThomas Friedman, 9/25/2010
China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.
Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan.
We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.
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The Next Era?