Friday, December 21, 2012

Which Country Will Become a Global Growth Engine?

China this. China that. Which country are you betting on to become a global growth engine?
Those who are dazzled by China often forget that much of the rapid growth before 2008 was caused by the shift of global manufacturing from Europe and the U.S., not by domestic-oriented activity. China’s economy remains export-driven, with consumers accounting for only 38 percent of gross domestic product, far below the levels of many developing and developed countries.
See if your guess matches up to this article.

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