Page A13: US GDP growth in 2009 -2.4
World GDP growth -2.1
China GDP growth 8.5
"The newfound confidence of China,India,and Brazil has bred expectations that their growing power will be accommodated within the international system. This already has begun to generate tensions, most noticeably between US and China."
Comment: Such so-called tension is not warranted in the name of globalization for mutual benefit re peace and economic development.
Page B5: Prof. Gregory Mankiw of Harvard,former Chairman of Council of Economic Advisers under President Bush says: "It is not like a sports contest, where one side wins and the other side loses. In fact, the opposite is true. Trade between two countries can make each country better off." His view is similar to my past blogs citing the Law of Comparative Advantage. Cf.the archives of the blogs for reference.
The conclusion of the feature article: "China is no enemy,but inflating the challenge from China could be just as dangerous as underestimating it."
Comment: Some would overestimate and others could underestimate. The point is open competition and free trade for the benefit of USA and China in the 21st century.
"A Glimpse of the Chinese Language" in English, is available free of charge at www.rand.org pdf as public service for better communication.
Philosophy of Confucianism would be useful for Americans to understand Chinese way of thinking. Language and culture should be studied as desideratum to promote harmony in USA and in China as well.
Francis Shieh a.k.a.Xie Shihao an advocate of mutual understanding with positive scenario for peace and economic development. Sunday, February 28,2010 at 10.18 a.m.
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