The Future world economy and the question of what will happen with China

The Future world economy and the question of what will happen with Chinahttp://nextbigfuture.com/2012/09/the-future-world-economy-and-question.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29&utm_content=Google+Reader

by noreply@blogger.com (brian wang)

A key factor for what will happen with the future world economy is how fast will Chinas economy grow over the next twenty years. In 2010, the Asian Development Bank projected that China might grow at a 5.5 percent average during the two decades to 2030, and if it improves education, research, and property rights, that might climb to 6 percent. A 31 page research paper by Economic historian and Nobel laureate makes a detailed case for how China can achieve 8% per year GDP growth from 2000 to 2030.

Business Week cited and referenced the Fogel paper in a recent article. They indicate there are still strong reasons to believe fast growth remains possible for China during the next two decades. Fogel's 31 page paper was written in 2006.