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Is China’s economic growth a danger for others economies?

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  • George Ciobanu
  • Laurentiu Dragomir
  • Andreea Maria Ciobanu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest economic power by almost any measure. The extrapolations are supported by two types of considerations. First, China’s growth patterns of the past 25 years since the beginning of economic reforms match well those identified by standard economic development and trade theories (structural change, catching up, and factor price equalization).

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Bibliographic Info

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2008)
Issue (Month): 11 (November)
Pages: 86-91

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Handle: RePEc:aio:rteyej:v:1:y:2008:i:11:p:86-91

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Related research

Keywords: max. economic growth; growth accounting; growth forecasts; development theories; human capital formation;

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  1. Paul A. Samuelson, 2004. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 135-146, Summer.
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