Engineer
Major
Not only in programming competition, but in math and physics competitions. However, it is useless if these people can't get into management positions in China.
By IP, are you referring to copyrights or patents?
How can CHina catch up with the West when its hands are tied?
- Thread starter antimatter
- Start date
Hopefully they do, like the way some civil dam engineer became a country's leader...
Engineer
Major
How does hosting the Olympics make them superior movie makers?
bladerunner
Banned Idiot
Slightly off topic, but indirectly related, George Friedman, American and founder of Stratfour, a military economic geopolitical forecasting organisation, while on a visit to New Zealand, had this to say when outlining his views on the US Economic and military position in the world when interviewed by a journalist for the 'Listener," a New Zealand Weekly. Excerpts from the interview are below.
"First, though, he thinks people everywhere are overestimating the extent to which the recession has hurt the US. The predictions of its demise as a superpower are, in his view, way off the mark. Its critics are confusing what they are seeing with what they are wishing for, he says.
Yes, he says, the US has been knocked by the current financial turmoil. What country hasn’t? But get it in perspective, he urges.
“You really have to take a look at the fact that we are talking about a US$2 *trillion loss in a country that is worth well over $300 trillion. The United States compares to no country in the world by objective measures. For example, from a military standpoint, if the entire world’s navies were arrayed against the UnitedStates Navy, it wouldn’t even be close. The United States controls all the waters of the world, which no nation in history has ever done before.
“Another fact you might consider is that the United States, in industrial power, produces more each year than China and Japan combined in industrial goods. The United States makes up between a quarter and a third of the world’s gdp.
.....talk about China being powerful; well, China is not as big or even close to the size of Japan economically, and Japan is not close to the size of the United States. The amount that China would have to grow economically to compare to the United States is astronomical. But people don’t sit down with numbers when they talk about these things.”
IMO these views may well raise a rash of opposing views by forum members, helped by what has now become a rather embarrassing piece of work with the book 'The coming War with Japan' which was written in 1991.
Last edited:
Schumacher
Senior Member
I'm interested to know how he came up with the $300 trillions figure.
Also does this make sense according to this article:
“Another fact you might consider is that the United States, in industrial power, produces more each year than China and Japan combined in industrial goods. The United States makes up between a quarter and a third of the world’s gdp."
I was repeated told that 2/3 of our gdp is based on consumer spending and the rest is products and services. Some how the math seems kind of strange. Some experts said we are living on borrowed money but is OK since the rest of the world love to buy out t-bills. Go figure.
George Friedman is, like many defense thinkers, living in a fantasy world.
China is actually close to Japan now in absolute GDP and is set to overtake it within this year or the next. It already has overtaken Japan in GDP/PPP some years ago, and when GDP/PPP is considered, already around 70% of the United States. The resale of Chinese made goods alone constitutes more than 10% of the US GDP.
Furthermore, the Crash of 2009 took out practically one third of the wealth of the US in terms of value along with the rest of the G7.
He needs to read what David Walker, the former Comptroller of the United States for the longest period in the history of the United States has to say. David Walker is far more credible and most of all, is in the front seat observing what is wrong with the US economy.
The US faces a demographic time bomb where the projected deficit can balloon to at least 50 to 60 trillion.
China Is Not Just Catching Up-It Is Realizing The Dreams For Many and Put The Whole Country To Work At A Speed That No Mankind Has Seen Before!
Shanghai Tower | 上海中心大厦
CRH3C VelaroCN 350 km/h train unveile 首列國產化CRH3C高速動車組下線
[BVEHK]CRH3C sets Chinese speed record CRH3C京津高鐵試驗創出時速394公里
It is a not dream today.
Shanghai Tower | 上海中心大厦
CRH3C VelaroCN 350 km/h train unveile 首列國產化CRH3C高速動車組下線
[BVEHK]CRH3C sets Chinese speed record CRH3C京津高鐵試驗創出時速394公里
It is a not dream today.
bladerunner
Banned Idiot
On the surface of things Gep Friedman’s claim appear to be out of wack, but then he never explained how he arrived at the figures but when I checked each countries GDP and the Industrial output portion of it with The CIA Factbook, he was pretty close. But I guess that’s not good enough for someone who sets himself up as a international economic and military forecaster.
The following is what I found in the CIA Factbook
CHINA 2008 Est GDP 4.222 trillion US
Industrial % @ 49.2% =$2.08trillion
JAPAN GDP ESt2008 4.844 Trillion
Industrial % @ 26% =$1.26 Trillion.
Combined total of $3.34 Trillion US being the Industrial output.
USA GDP ESt 2008 14.33 Trillion
Industrial % @ 19.6% = $2.80 Trillion
• However the US Bureau of economic analysis has the US Industrial output of GDP as 22.7% stating it to be the lowest since 1947.
• For some reason they include the Information Technology industry as a sub group and we thus have a industrial output worth $3.25 Trillion
• ONLY 9 billion short of matching of the combined total of JAPAN and CHINA.
Now heres the kicker, calculating consumer spending is rather tricky as it contains a lot of noise, that is it contains a lot of things that shouldn’t be included therefore it becomes overstated. That is to say, the consumer spending numbers—which are just supposed to include spending by U.S. households—actually includes money that foreigners.spend. Eg inbound tourism brought earnings of $582 billion in 2001 alone,which for accounting purposes becomes regarded as domestic spending so if we deducted that amount alone it would reduce the percentage of domestic .consumer spending.
There are other anomalies as well as how do you determine recreational spending , from money spent to enhance industrial growth eg purchasing a airline ticket to go to a business meeting, the airline wouldn’t make a distinction between leisure and business,. For a While the Canadian Dollar was worth $1-10 US and many journeyed over to the US to shop, and so the list goes on.
Now if there was some justification to transfer some of these billions to the other side of the ledger so to speak , we would indeed have an amount that surpasses the combined Japanese and Chinese total.
NB I don’t necessary agree with this guy, I just submitted this guys views because he appears to have some traction amongst a percentage of the population. Even some economists/money investment over here are Friedman fans. David Walker who Crobato suggested is a far more reliable authority, on his own admittance has his detractors, however on balance I think Walker.’s views deserve considerable thought..
Last edited: