The conclusion is clear: The next US administration should accept China’s continued economic and technological rise. It may not like the idea of China overtaking the US – a milestone that will probably be reached within the next decade. But further attempts to stave off that outcome would be not only futile, but also very costly.Well, the real question is can American accept not being number one. Probably not. Thucydides trap on schedule.
Project Syndicate
The US Must Accept China’s
Daniel Gros | Director of the Centre for European Policy Studies
1 comment:
On a purchasing power parity (PPP) basis, China overtook the US in 2015 and China's economy is currently 25% larger than the US economy. Here are some links:
https://rwer.wordpress.com/2019/11/29/china-has-hugely-outgrown-the-u-s-under-trump/
https://rwer.wordpress.com/2019/08/24/the-u-s-economy-is-not-the-worlds-largest/
https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weorept.aspx?pr.x=51&pr.y=6&sy=2019&ey=2024&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924%2C111&s=PPPGDP&grp=0&a=
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