http://baselinescenario.com/2008/12/02/china-us-imbalance-recession/ What happened to the global economy and what we can do about it Sun, 14 Mar 2010 17:12:30 +0000 http://wordpress.com/ hourly 1 http://baselinescenario.com/2008/12/02/china-us-imbalance-recession/#comment-2601 The Baseline Scenario: The Importance of China » Thoughts from the other side Mon, 12 Jan 2009 20:16:53 +0000 http://baselinescenario.wordpress.com/?p=1493#comment-2601 [...] The Importance of China   « NYT: Recession Trickles to India |   [...] [...] The Importance of China   « NYT: Recession Trickles to India |   [...]

]]> http://baselinescenario.com/2008/12/02/china-us-imbalance-recession/#comment-1727 laura & tony » 7… no, 9! Thu, 04 Dec 2008 00:08:08 +0000 http://baselinescenario.wordpress.com/?p=1493#comment-1727 [...] Link from Baseline Scenario, which also features a good roundup of information on general topic of China’s decline. [...] [...] Link from Baseline Scenario, which also features a good roundup of information on general topic of China’s decline. [...]

]]> http://baselinescenario.com/2008/12/02/china-us-imbalance-recession/#comment-1719 Wednesday links: scaling back « Abnormal Returns Wed, 03 Dec 2008 16:59:57 +0000 http://baselinescenario.wordpress.com/?p=1493#comment-1719 [...] reserves - it could yet turn out to be a major loser of the global economic crisis.”  (The Baseline Scenario also Free [...] [...] reserves – it could yet turn out to be a major loser of the global economic crisis.”  (The Baseline Scenario also Free [...]

]]> http://baselinescenario.com/2008/12/02/china-us-imbalance-recession/#comment-1718 Advocatus Diaboli Wed, 03 Dec 2008 16:20:46 +0000 http://baselinescenario.wordpress.com/?p=1493#comment-1718 The (mainly) untold importance of China is geo-strategic, with economic undertones. For many years now China has had a growing presence in Africa. It has stepped up its activity there to gain greater access to oil, minerals and also trade. Some African countries that feel they have fallen out with Western powers have really warmed to this notion. In the meantime, the US and the EU are actually decreasing their presence and investments in the region. This is surprising given that the African continent offers enormous growth opportunities and in the future, (Southern) Africa will become a new manufacturing hub. Countries like South Africa can easily compete with Asian tigers, which are becoming increasingly expensive as manufacturing bases. The point is China seems to be the only large nation that has realized this. Its government is also providing funding to Chinese entrepreneurs to set-up shop in Africa. In the meantime, the West watches itself in the mirror... The (mainly) untold importance of China is geo-strategic, with economic undertones. For many years now China has had a growing presence in Africa. It has stepped up its activity there to gain greater access to oil, minerals and also trade. Some African countries that feel they have fallen out with Western powers have really warmed to this notion.
In the meantime, the US and the EU are actually decreasing their presence and investments in the region. This is surprising given that the African continent offers enormous growth opportunities and in the future, (Southern) Africa will become a new manufacturing hub. Countries like South Africa can easily compete with Asian tigers, which are becoming increasingly expensive as manufacturing bases.
The point is China seems to be the only large nation that has realized this. Its government is also providing funding to Chinese entrepreneurs to set-up shop in Africa. In the meantime, the West watches itself in the mirror…

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