next world power = China?..

Sandok · May 27, 2007, 04:37 AM

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Originally Posted by Maddogg6

So then show both definitions - I still know they refer to 'speed'.

Burst is as you defined. In my studies, we say burst only for very short term GDP increases but in the case of China, the GDP has been increasing steadily, of course faster in the beginning but look at the graph for the details and equations. It's following a law which predicts the "burst" and "increase".

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Originally Posted by Maddogg6

You brought up the language thing.... I didn't. And isnt 'pompus' and un -allowed derogatory remark - like moron would be?? Your still a mod right?

I brought up the language because you argue points I didn't even see, read or make so I had to ask the question. I didn't state that you don't speak english though, or that is wasn't your mothetongue. And as for the remark, if it fits..............

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Originally Posted by Maddogg6

GROWTH CAN NOT HAPPEN UNLESS POLICY ALLOWS. So you are arguing something I made no reference to.

And I am simply saying growth happens naturally under "typical" circumstances. It follows the equation in the graph above, so take a look.

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Originally Posted by Maddogg6

oh economic student who should not need any more lessons.. answer me this...
Why did it take until 1979 for chinas economic growth to rapidly increase?
Or are you still arguing it was not considered 'rapid' (if you dont like 'burst') growth between 1979 and 2001?

Policy (the change of). period. that was my #1 point -you chose to argue 'burst' over.

Why did it take time? Again, look at the equation and look at the variables (K,N). In a more complex forumla, you can add (A) as another variable which is the most deciding factor in the case of China. If one of them isn't correctly satisfied, then there is no "constant" growth. That's the answer to your question.

Nothing to do (well very little) with policy and all. It's all just factors that must be satisified to see any increase of GDP, simple.

Maddogg6 · May 27, 2007, 05:18 AM

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I brought up the language because you argue points I didn't even see

pfffff ??!! remember..I'll refresh your memory.. it all started when I said this:

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China - their burst in their economy was inevitable given their policy change

And you argued with this:

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It's not a burst, far from it

And then again with this:

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...but that prooves it isn't a "burst".

*Now* you argue this....

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Nothing to do (well very little) with policy and all

I say - get your tuition $$$ back from all those MA teachers you have.... or pay closer attention.

What is it that you are arguing?
That Chinas growth was not fast / rapid / faster than the rest of the world? - ie a burst.
Clearly shows the rapid increase since 1975.

Or are you arguing that their growth is not because of their trade policy reforms back in 1978.??

From the wikipedia.... I posted/linked earlier.

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These reforms started since 1978 has helped lift millions of people out of poverty, bringing the poverty rate down from 53% of population in 1981 to 8% by 2001.

Explain this coincidence then oh master of economics?

In both arguments you are wrong.

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Why did it take time? Again, look at the equation and look at the variables (K,N). In a more complex forumla, you can add (A) as another variable which is the most deciding factor in the case of China. If one of them isn't correctly satisfied, then there is no "constant" growth. That's the answer to your question.

Thats the equivalent to answering a question with a question. - Just say - you dont know why it took so long - and I'll tell you, its because of their trade policy reform. 'RAPID' Growth does NOT happen 'naturally' - it needs a boost from things like huge un-balanced trade deficits as they have enjoyed for the past 2 decade.

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It's all just factors that must be satisified to see any increase of GDP

And what will cause a 'rapid' increase in GDP? - a huge un-balanced trade deficit - thats what. Ie how we have imported WAY more from china than exported to. (in case we dont agree on what trade deficit means)

And - how did we get to the the point of a huge un-balanced trade deficit? - policy thats how. Their policy changed in 1979 and is credited by many for china 'rapid' growth since.

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but in the case of China, the GDP has been increasing steadily

I posted 2 other sites that considered their growth to be 'fast' - of course its a relative term - so, relative to what? - everyone else.

And You posted nothing more than a log graph and a formula - its not data that supports anything about china - just a way to visualize that formual/theory Im not arguing against. bwahahahaha.

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And I am simply saying growth happens naturally under "typical" circumstances.

A HUGE un-balanced trade deficit is NOT normal circumstance now is it? - er - it should not be.

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And as for the remark, if it fits..............

Then so will the report I submit.... I guess its good to be the mod here huh?

cozumel · May 27, 2007, 06:31 PM

Don´t feel inclined to re-enter this except to say that China already is a world power and is econimically comparable to the US

Maddogg6 · Jun 16, 2007, 09:29 AM

Hmmm . China a superpower AND the recent outbreak of problems with their exports.
Pet foods
Tooth paste
MORE lead paint found in kids toys.

I cant say I like where their new economy is heading.