Several countries around the world are transitioning to market economies; the most significant of these are China and Russia. What do you think the impact will be on other countries around the world as these two countries become even more significant in the global economy? What are some examples of this impact? Focus on China for this question.
There are all kinds of sources about China’s growth and prospects, so be sure to find a good one to cite. For an interesting book-length treatment, read:
Jacques, Martin. (2012) When China Rules the World: The End of the Western World and the New Global Order. New York: Penguin
Jacques talks about how China’s different culture and economic system will lead to major changes in how the general world economy works. It’s a fascinating book all around, it makes think about how cultural differences affect a country’s economic policy and its political system as a whole.
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