From The Los Angeles Times, via A Glimpse of the World:
Imagine 20 Britains. Imagine three European Unions. Now you are beginning to get the idea about China, where more than a fifth of the human race resides. Now imagine that vast country’s economy growing more than four times faster than that of the United States (as China did between 1990 and 2002) ” growing faster, in fact, than any economy in history. According to Goldman Sachs, China’s gross domestic product will overtake Britain’s this year and Germany’s in 2007. By 2041 it will have overtaken the U.S. gross domestic product. That’s what an average annual growth rate of 9% can do: The economy literally doubles in size every eight years…
Not even the United States in its most hectic years “the Roaring’20s” can have been like this. You go to sleep not knowing how the skyline through your window will look the next morning. Forget the New World. This is the New New World.
