My life is less crazy, or at least I have gotten used to it and I just love how blogging is going with my AP Econ class, so I decided to resurrect the blog.
Let see how it goes this time.
So, starting off, first questions or idea...getting us ready for Macroeconomics...
Growth for them...good for us???
The United States has benefited greatly from China's rapid economic progress after its launch of market-oriented reforms and entry to the World Trade Organization, US Trade Representative Susan Schwab said yesterday. The impact of China's decision to embrace reforms and join the structured international trading system was "nothing short of breathtaking," she told an event hosted by the American Chamber of Commerce. Over the past 20 years, China's economy had grown by nearly 10 per cent a year, with some 377 million people lifted out of poverty. "We are now, ourselves, major beneficiaries of China's rapid development. US manufacturers, farmers and service providers have seen exports to China grow an average of 22 per cent a year since China joined the WTO in December 2001, and US consumers enjoy access to a wide array of high-quality, competitively-priced products," said Schwab.
Jiang Wei, China Daily
According to this article, what do we mean by the term growth? Do you think China's growth is good for the United States? What is controversial about China and its growth? Do you think their growth could actually "hurt" the United States?
Welcome to just some of the topics we will cover in the coming weeks!
Happy blogging...
Ms. Stephens
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1 comment:
Really, the theory says everyone benefits from trade...this is next semester though. The simple fact is, as they grow and perhaps their incomes increase....they can drink more starbucks, eat more macdonalds, get more heart disease, need more pharmacuticals from US companies...and then help our economy to grow as well.
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