Written by
China’s gross domestic product (GDP) has surpassed Japan’s to become the second largest in the world. Analyst Rodger Baker explains the multiple fundamental weaknesses in China’s economic system and why GDP is not the only indicator of a state’s economic strength.
Video Rating: 0 / 5
Complete video at: fora.tv Niall Ferguson, author of The Ascent of Money, concludes that the legitimacy of China is not strictly dependent on GDP growth, but on also relies heavily on nationalism – which the Internet facilitates. “The more economic problems they have, the more it seems to me they will rely on nationalism,” he says. —– Niall Ferguson, the Laurence A. Tisch Professor of History at Harvard University, and The Atlantic’s James Fallows discuss the financial relationship between the United States and China as part of the 2009 Aspen Ideas Festival. The event was moderated by Scott Stossel. – Aspen Institute Niall Ferguson, MA, D.Phil., is the Laurence A. Tisch Professor of History at Harvard University. He is a resident faculty member of the Minda de Gunzburg Center for European Studies. He is also a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University.
