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Australia: Populate and We Will PerishChina mildly rejected the idea of American-Chinese joint management of the world
During Obama’s visit to Beijing last year, China mildly rejected the idea of American-Chinese joint management of the world that is popular with the Obama team. It does not matter what was said during the visit. The real reasons are important: Washington still believes that “joint management” means that it will play first fiddle and China only second. China will wait for America to get rid of this illusion, which shouldn’t take very long. Read more
This is why China will not bury America
Meanwhile, China’s “golden moment” is slipping away, and fast: 2010 will mark the apogee of its working population’s size in relation to its pool of dependents (kids and retirees). Thanks to its one-child policy, China has shrunken its demographic inputs for the last 30 years, while the share of its elderly population held steady. But from here on out, far more elders will be disgorged from the working-age cohort than those replaced on the front end, meaning China’s worker-to-dependent ratio will fall — and keep falling through at least mid-century. By 2050, China will have more retirees than America will have people. As far as unfunded mandates go, that’s one King Kong-sized monster.
More generally, understand that China’s emerging economy is just coming upon its greatest stress test, otherwise known as the shift from extensive to intensive growth. When it comes to catching up to advanced economies by copying their well-worn developmental pathways, single-party states can — under the right conditions — most definitely outperform sloppy democracies.
Read more from the World Politics Review
EU’s power in this new world order will be diminished
In order for this to happen, decisive action will be required,” the IIEA analysis says. “The EU will need to think strategically and tactically, with a cognisance of the realities in which it is operating” – specifically, the emergence of a “new world order” led by the US and China.
“Although the EU’s power in this new world order will be diminished, it still has many instruments at its disposal”, it says, adding that these should include proposals for carbon tariffs of up to 9 per cent on imports, as favoured by French President Nicolas Sarkozy.
The analysis argues that this would be compatible with the World Trade Organisation’s rules.
Read more from the Irish Times
G-2 will form an important pole in the emerging new world order
Nevertheless, an informal G-2 concept can be applied to the bilateral efforts of the US and China in dealing with international affairs. As more international issues will require the cooperation of China and the US, the informal G-2 will form an important pole in the emerging new world order. Read more