Monday, March 30, 2009

How China and American became One Economy(sic)

Zachary Karabell is the President of River Twice Research and the author of the forthcoming book with the above title. Washington Post Sunday,March 29, 2009 published on page B1,B5: The following citation would be timely for G20 in London on April 2, 2009 to try to resolve economic crisis by 20 nations in the days,months and years to come. President Obama will meet President Hu for US-China economics/Sino-American economics apropos of the global dimension. To wit:

"Former national security adviser Zhigniew Brzezinski has remarked that the world should focus less on the G20 and more on a "G2" of China and the United States. In many respects, the two nations have become a single economic system; historian Niall Ferguson has even coined the term "Chimerida" to describe their symbiosis. In 2008, before the economic storm hit, China and the US accounted for more than half of all global economic growth. John Lipsky, the deputy director of the IMF predicted that emerging economies would provide 100% of the world's growth in 2009. Given that China is the linchpin of the emerging world, it could well account for much of global growth now, much as the US did in the mid-20th century heyday."

RE: "Work and Study Cycle Theory",(1978) listed in the Library of Congress www.loc.gov and Georgetown University Library online catalog, I had the same rationale in the conclusion and I am delighted to learn that other thinkers have the identical thoughts as quoted above. Such citations would be useful for readers of Sino-American Economics.

Francis Shieh a.k.a. Xie Shihao on Monday,March 30, 2009 at 10.16 a.m.

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