European Tribune - Comments

Minor errors | 34 comments (34 topical, 0 editorial, 0 hidden)

The fun thing is the revelation cuts both ways. On the one hand, we're not "already overtaken by China" but on the other, if they have that many people still in poverty, their cheap labour pool is still large and it'll be a long time before that advantage erodes. So, outsourcing will continue apace...

by Metatone (metatone [a|t] gmail (dot) com) on Thu Nov 15th, 2007 at 11:17:44 AM EST

Re: Minor errors (4.00 / 5)

It also means the pressure to go for economic growth at all costs is also strong.

by Colman (colman at eurotrib.com) on Thu Nov 15th, 2007 at 11:18:55 AM EST
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Re: Minor errors (none / 1)

More mercantilism ahoy?

by Metatone (metatone [a|t] gmail (dot) com) on Thu Nov 15th, 2007 at 11:34:21 AM EST
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Re: Minor errors (none / 1)

I was thinking of their attitude to environmental costs.

by Colman (colman at eurotrib.com) on Thu Nov 15th, 2007 at 11:34:58 AM EST
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Re: Minor errors (none / 1)

Yes, that's a depressing thought.

by Metatone (metatone [a|t] gmail (dot) com) on Thu Nov 15th, 2007 at 12:24:56 PM EST
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Re: Minor errors (4.00 / 4)

On the other hand?

China set to take global lead in renewable energy
The emerging Asian superpower is poised to surpass world solar and wind manufacturing leaders in Europe, Japan, and North America in the next three years, the Worldwatch Institute said in a new report released on Wednesday. [EurActiv.com]

by Colman (colman at eurotrib.com) on Thu Nov 15th, 2007 at 12:46:16 PM EST
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Re: Minor errors (4.00 / 3)

Well, on the one hand, the increasing price of oil means they have to make a rush to improve indigenous power production.

The trouble is, that will not just be nuclear and renewables, but coal as well...

I do think they sort of realise that the ecology is a real threat, but that kind of "Kremlinology" is guesswork, so who knows what the leaders really think?

by Metatone (metatone [a|t] gmail (dot) com) on Thu Nov 15th, 2007 at 01:21:46 PM EST
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Re: Minor errors (none / 1)

But that has already changed. These international assessments mostly will influence the way the ranking-conscious West perceives China. China seems to be focused on doing its own thing.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Thu Nov 15th, 2007 at 01:50:07 PM EST
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40% (4.00 / 2)

is only 3 years of 11%+ growth...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 15th, 2007 at 11:59:06 AM EST
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Re: 40% (none / 1)

12%.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Nov 15th, 2007 at 12:12:08 PM EST
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Re: 40% (none / 1)

11% real growth. Somehow I doubt we've been seeing that in China.

by nanne (zwaerdenmaecker@gmail.com) on Thu Nov 15th, 2007 at 12:18:44 PM EST
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Re: 40% (4.00 / 4)

Er...?

If the previously-held "size of the economy" = 100, then 100-40 = 60. (The economy is "worth" 60% of what was claimed).

Unless my calculations are wrong, it takes 5 years at 11% to get back up past 100 from 60.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Nov 15th, 2007 at 12:44:35 PM EST
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Re: 40% (4.00 / 2)

Ah, percentages... It takes only three years of 12% growth to gain 40%, but of course 40% of a lower number is less than 40% of a higher number... so China needs to gain 66.66% to come back to its imaginary wealth in the books of the world bank...

by nanne (zwaerdenmaecker@gmail.com) on Thu Nov 15th, 2007 at 01:50:06 PM EST
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Re: 40% (none / 1)

Yup.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Thu Nov 15th, 2007 at 01:52:08 PM EST
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Minor errors | 34 comments (34 topical, 0 editorial, 0 hidden)