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What makes our world and the economy tick? Part II: China vs. The West

Posted by forecastingtool on September 17, 2014 at 5:00 PM

China’s recent growth frenzy should not be a surprise. Its economy has been one of the largest in the world in the last two thousand years, reaching a peak point near the beginning of the 19th century, accounting for almost one third of the global economy at the time. However, by the mid-20th century the Chinese Empire and its economy collapsed to a mere 5% contribution to global GDP only to rise again after Deng Xiaoping assumed power in 1977. Key in understanding these economic cycles is the level of interaction of the Chinese economy, both inside and outside the country.


In this post, we will use the methodology presented in the recent post, “What makes our world and the economy tick?”, to explain China’s recent economic rise and also ascertain its future potential based on the progress made in the following key areas: Information flow, Transportation, Telecommunications, and Freedom of speech.


If you want to learn more about China’s long term growth dynamics click here.

 


Categories: Economy, Forecasting, Innovation

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