Comments on: Economic growth, the Chinese way http://welkerswikinomics.com/blog/2009/12/01/economic-growth-the-chinese-way/ for students and teachers of Economics Wed, 08 Feb 2012 23:39:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bjorn B http://welkerswikinomics.com/blog/2009/12/01/economic-growth-the-chinese-way/comment-page-1/#comment-9884 Bjorn B Fri, 22 Jan 2010 04:37:48 +0000 http://welkerswikinomics.com/blog/?p=1400#comment-9884 Its and interesting method for increasing GDP. Essentially, by increasing G, they are increasing the GDP, but they are also improving their infrastructure. Even if it isnt used now, in the long run, they would have a larger production possibility. Obviously, if these improvements would have no benifit to the people whatsoever, this is a different story. This seems like a characteristic of a non-privatized industry, which is a lot less efficient than that where profit seeking firms are responsible. It is interesting to notice how this formerly communistic country is a lot less shy to have a large government involvement in business, though we notice that there is a lot of waste, despite the stunning GDP growth... I wonder if this can really go well in the long run? Its and interesting method for increasing GDP. Essentially, by increasing G, they are increasing the GDP, but they are also improving their infrastructure. Even if it isnt used now, in the long run, they would have a larger production possibility. Obviously, if these improvements would have no benifit to the people whatsoever, this is a different story. This seems like a characteristic of a non-privatized industry, which is a lot less efficient than that where profit seeking firms are responsible. It is interesting to notice how this formerly communistic country is a lot less shy to have a large government involvement in business, though we notice that there is a lot of waste, despite the stunning GDP growth… I wonder if this can really go well in the long run?

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]]> By: Bjorn Kvaale http://welkerswikinomics.com/blog/2009/12/01/economic-growth-the-chinese-way/comment-page-1/#comment-9882 Bjorn Kvaale Thu, 21 Jan 2010 21:22:31 +0000 http://welkerswikinomics.com/blog/?p=1400#comment-9882 By increasing the government spending, China is definately in contributing to expansionary fiscal policy. It is the world's fastest growing economy because of the major public work projects it is committed to. The difference between the Chinese government and the American government is that it takes the Americans a lot longer to start a project or find a solution, whereas the Chinese are a lot quicker. By building better infrastructure, China is laying the pathway for future economic success. Due to the large number of workers available and their cheap costs, many firms are building factories in China. Although China's economic success has been steadily growing, it might turn out to be an economic bubble waiting to explode. By increasing the government spending, China is definately in contributing to expansionary fiscal policy. It is the world's fastest growing economy because of the major public work projects it is committed to. The difference between the Chinese government and the American government is that it takes the Americans a lot longer to start a project or find a solution, whereas the Chinese are a lot quicker. By building better infrastructure, China is laying the pathway for future economic success. Due to the large number of workers available and their cheap costs, many firms are building factories in China. Although China's economic success has been steadily growing, it might turn out to be an economic bubble waiting to explode.

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]]> By: Andrew McCarthy http://welkerswikinomics.com/blog/2009/12/01/economic-growth-the-chinese-way/comment-page-1/#comment-9380 Andrew McCarthy Wed, 02 Dec 2009 07:27:08 +0000 http://welkerswikinomics.com/blog/?p=1400#comment-9380 great video, the last clip of the lone traffic officer is a bit funny great video, the last clip of the lone traffic officer is a bit funny

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]]> By: Gerald Mebane http://welkerswikinomics.com/blog/2009/12/01/economic-growth-the-chinese-way/comment-page-1/#comment-19976 Gerald Mebane Tue, 30 Nov 1999 00:00:00 +0000 http://welkerswikinomics.com/blog/?p=1400#comment-19976 An interesting discussion is worth comment. I feel that it's best to write extra on this topic, it may not be a taboo topic but generally persons are not enough to speak on such topics. To the next. Cheers An interesting discussion is worth comment. I feel that it’s best to write extra on this topic, it may not be a taboo topic but generally persons are not enough to speak on such topics. To the next. Cheers

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