china’s impact on the global economy trade, energy, and the environment
DESCRIPTION
China’s Impact on the Global Economy Trade, Energy, and the Environment. March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org. Per Capita GDP. Per Capita GDP 2013 (PPP), Wikimedia Commons. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/1.jpg)
China’s Impact on the Global EconomyTrade, Energy, and the Environment
March 29, 2014Robert KaulfussProfessor of EconomicsMiddlesex Community CollegeBeyondEconomics.org
![Page 2: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/2.jpg)
Per Capita GDP
Per Capita GDP 2013 (PPP), Wikimedia Commons
![Page 3: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/3.jpg)
Balance of Trade: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
![Page 4: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/4.jpg)
Population
![Page 5: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/5.jpg)
![Page 6: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/6.jpg)
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 7: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/7.jpg)
The American Dream
![Page 8: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/8.jpg)
![Page 9: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/9.jpg)
![Page 10: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/10.jpg)
Demographics
![Page 11: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/11.jpg)
China Adopts Fast Food
![Page 12: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/12.jpg)
China Adopts the Car Culture
![Page 13: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/13.jpg)
Insatiable Demand for Energy
Wall Street Journal
![Page 14: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/14.jpg)
Surging Demand for Oil
![Page 15: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/15.jpg)
Oil Prices in the Industrial Age
![Page 16: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/16.jpg)
The Easy (Cheap) Oil is Gone
WashingtonPost.com
![Page 17: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/17.jpg)
Biggest Contributor to CO2
![Page 18: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/18.jpg)
CO2 Levels (Now at 390 ppm)
![Page 19: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/19.jpg)
Arctic & Greenland Ice Melt•
![Page 20: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/20.jpg)
Is Economic Growth Sustainable?• Population growth and
congestion• Rising cost of energy• Climate change• Environmental degradation• Poverty, starvation, disease• Political conflicts, terrorism
![Page 21: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/21.jpg)
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 22: China’s Impact on the Global Economy Trade, Energy, and the Environment](https://reader035.vdocuments.site/reader035/viewer/2022062815/56816938550346895de09e68/html5/thumbnails/22.jpg)
The Next Era?