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December 15, 2004
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Knowing you've made it
China is a unique economy and in many ways justifies the oft-abused tag of "economic miracle". Some signs of this? Japan will no longer send aid to China after 2006. The World Food Program has said China no longer requires food aid and instead should become a donor to the WFP. And China has responded to worries about the lifting of textile tariffs at the end of this year with new export tariffs - self-imposed protectionism. Consider: China now holds the second biggest foreign exchange reserves in the world. It is one of the major engines of the world economy. It has done more to alleviate poverty and hunger than any other organisation in the history of mankind. Within a generation it has gone from receiving food aid to giving it. It has gone from receiving Japanese aid to being seen as a potential threat and rival. Amazing. posted by Simon on 12.15.04 at 04:06 PM in the
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TrackBack URL for this entry: http://blog.mu.nu/cgi/trackback.cgi/59027 Send a manual trackback ping to this post. The Chinese development puzzle Excerpt: My musing yesterday on China's metamorphosis got me thinking about this line:It (China) has done more to alleviate poverty and hunger than any other organisation in the history of mankind.Why should that be? What did China have 25 years ago that countr... Weblog: Simon World Tracked: December 16, 2004 11:19 AM
Comments:
... and, nevertheless, China still is in so many aspects a third (or fourth or fifth) world country. A long road ahead... posted by: 1972 on 12.15.04 at 11:52 PM [permalink]Well, if you treat your masses of humanity as a renewable resource and not as human beings, you can get a lot out of them. Kidney or cornia anyone? posted by: mdmhvonpa on 12.16.04 at 11:21 AM [permalink]I don't want to be a cheerleader here but I think one of the more interesting things is that China isn't complaining about these developments and will probably welcome them. posted by: Matt Waters on 12.16.04 at 12:31 PM [permalink] |
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