china’s impact on the global economy: trade, energy, and the environment

China’s Impact on the Global Economy:Trade, Energy, and the Environment

April 21, 2012Robert KaulfussProfessor of EconomicsMiddlesex Community CollegeBeyondEconomics.org

China’s Rapid Economic Growth

http://seekingalpha.com/article/173265-chinese-exports-can-emerging-markets-replace-the-u-s-consumer

China’s Growing Dominance?

Weighted average of the share of a country in world GDP, trade, and in world net exports of capital from Arvind Subramanian's “Eclipse: Living in the Shadow of China's Economic Dominance”

Comparing Growth: U.S., India, & China

http://news.bbc.co.uk/2/shared/spl/hi/guides/456900/456964/html/nn1page1.stm

Foreign Exchange Reserves Minus External Debt

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.pngBased on CIA World Factbook data

GDP PPP per capita

World Economic Outlook Database-October 2008, International Monetary Fundhttp://commons.wikimedia.org/wiki/File:GDP_PPP_per_capita_2007_IMF.png

Demographics

BBC: http://news.bbc.co.uk/2/shared/spl/hi/guides/456900/456964/html/nn1page1.stm

China Adopts Fast Food

China Adopts the Car Culture

Insatiable Demand for Energy

Wall Street Journal

U.S. Energy Sources

Biggest Contributor to CO2

CO2 Levels (Now at 390 ppm)

Arctic Summer Minimum& Greenland Ice Melt•

Surging Demand for Oil

The Nominal Price of More Oil

Peak Oil: Worst Case

Oil Prices & Recessions

Their Moonshot and OursThomas Friedman, 9/25/2010

China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.

Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan.

We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.

Tianjin Eco-City In China:The Future Of Urban Development?