| Author (Person) | Sanderson, Jihong |
|---|---|
| Publisher | Italian Institute for International Political Studies (ISPI) |
| Series Title | ISPI Commentary |
| Series Details | November 2010 |
| Publication Date | 03/11/2010 |
| Content Type | Journal | Series | Blog |
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One credible researcher, Nobel Prize winner Robert Fogel, estimates that China’s GDP will reach US$123 trillion by 2040, and that it will be twice the size of the GDPs of the U.S. and the E.U. combined. None of us know if the future will unfold exactly as Dr. Fogel predicts; certainly I do not. But two facts are abundantly clear: the future of global economics and trade will be quite different from its past; and second, China will be a large part of that difference. Further, China is pulling the economies of its main suppliers into more and more rapid growth, such that the world is dividing, economically, into nations that are closely integrated into China’s industrial ecosystem and those that are not. China is rising, and that rise is beginning to generate a realignment in trade, economic systems, and global governance. |
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| Source Link | Link to Main Source http://www.ispionline.it/it/pubblicazione/chinas-economic-growth-and-international-standing-0 |
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| Subject Categories | Trade |
| Countries / Regions | China, Europe |
