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

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Global Economy: Trade, Energy, and the Environment April 21, 2012 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org

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China’s Impact on the Global Economy: Trade, Energy, and the Environment. April 21, 2012 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org. China’s Rapid Economic Growth. - PowerPoint PPT Presentation

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Page 1: 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

Page 2: China’s Impact on the Global Economy: Trade, Energy, and the Environment

China’s Rapid Economic Growth

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

Page 3: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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”

Page 4: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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

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

Page 5: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png

Page 6: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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

Page 7: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Demographics

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

Page 8: China’s Impact on the Global Economy: Trade, Energy, and the Environment

China Adopts Fast Food

Page 9: China’s Impact on the Global Economy: Trade, Energy, and the Environment

China Adopts the Car Culture

Page 10: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Insatiable Demand for Energy

Wall Street Journal

Page 11: China’s Impact on the Global Economy: Trade, Energy, and the Environment

U.S. Energy Sources

Page 12: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Biggest Contributor to CO2

Page 13: China’s Impact on the Global Economy: Trade, Energy, and the Environment

CO2 Levels (Now at 390 ppm)

Page 14: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Arctic Summer Minimum& Greenland Ice Melt•

Page 15: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Surging Demand for Oil

Page 16: China’s Impact on the Global Economy: Trade, Energy, and the Environment

The Nominal Price of More Oil

Page 17: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Peak Oil: Worst Case

Page 18: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Oil Prices & Recessions

Page 19: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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.

Page 20: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Page 21: China’s Impact on the Global Economy: Trade, Energy, and the Environment

Page 22: China’s Impact on the Global Economy: Trade, Energy, and the Environment

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