Quick and sustainable growth: European and Chinese developments
AbstractChina is the second biggest trading nation in the world — number one as trade exporter and number two as trade importer. Behind the USA, China has the second strongest economy with a gross domestic product of almost 5 trillion USD in 2009. Despite the global financial crisis the Chinese economy was and is still drastically growing with three main focus areas: increase in labor costs; increasing demand for qualified labor; and a high grade of technology. Linked to the future 12th five-year-plan, China is going to spend 1.5 billion dollars in key-technologies like nuclear power, high speed railway systems, aerospace, energy efficiency, environmental friendly technologies, biotechnologies and information technology. China is trying to change its status from distributor to a leading high-tech provider with high potential. This implicitly means a higher consumption of natural resources and more highly qualified employees. However, the shortage of natural resources poses a great question. Prognoses say that we will need two Earths to cover our steadily rising resource consumption in 2030. To provide this, the economy has to work much more efficiently and regarding climate and resource protection even a total change is necessary. Due to this, Europe’s and China’s future will need a common economic and ecologic strategy to fulfill international requirements of sustainable growth within balanced natural circumstances.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Akadémiai Kiadó, Hungary in its journal Society and Economy.
Volume (Year): 34 (2012)
Issue (Month): 1 (April)
Contact details of provider:
Web page: http://www.akkrt.hu
Postal: Akadémiai Kiadó Zrt., Prielle K. u. 21-35. Budapest, 1117, Hungary
Find related papers by JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O44 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Andrea Pók).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.