china’s impact on the global economy trade, energy, and the environment

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China’s Impact on the Global Economy Trade, Energy, and the Environment March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org

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China’s Impact on the Global Economy Trade, Energy, and the Environment. March 29, 2014 Robert Kaulfuss Professor of Economics Middlesex Community College BeyondEconomics.org. Per Capita GDP. Per Capita GDP 2013 (PPP), Wikimedia Commons. - PowerPoint PPT Presentation

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Page 1: China’s Impact on the Global Economy Trade, Energy, and the Environment

China’s Impact on the Global EconomyTrade, Energy, and the Environment

March 29, 2014Robert KaulfussProfessor of EconomicsMiddlesex Community CollegeBeyondEconomics.org

Page 2: China’s Impact on the Global Economy Trade, Energy, and the Environment

Per Capita GDP

Per Capita GDP 2013 (PPP), Wikimedia Commons

Page 3: China’s Impact on the Global Economy Trade, Energy, and the Environment

Balance of Trade:Foreign Exchange Reserves Minus External Debt

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.pngBased on CIA World Factbook data

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png

http://en.wikipedia.org/wiki/File:Country_foreign_exchange_reserves_minus_external_debt.png

Page 4: China’s Impact on the Global Economy Trade, Energy, and the Environment

Population

Page 5: China’s Impact on the Global Economy Trade, Energy, and the Environment

Page 6: China’s Impact on the Global Economy Trade, Energy, and the Environment

China’s Growing Dominance?

Weighted average of the share of a country in world GDP, trade, and in world net exports of capital from Arvind Subramanian's “Eclipse: Living in the Shadow of China's Economic Dominance”

Page 7: China’s Impact on the Global Economy Trade, Energy, and the Environment

The American Dream

Page 8: China’s Impact on the Global Economy Trade, Energy, and the Environment

Page 9: China’s Impact on the Global Economy Trade, Energy, and the Environment

Page 10: China’s Impact on the Global Economy Trade, Energy, and the Environment

Demographics

Page 11: China’s Impact on the Global Economy Trade, Energy, and the Environment

China Adopts Fast Food

Page 12: China’s Impact on the Global Economy Trade, Energy, and the Environment

China Adopts the Car Culture

Page 13: China’s Impact on the Global Economy Trade, Energy, and the Environment

Insatiable Demand for Energy

Wall Street Journal

Page 14: China’s Impact on the Global Economy Trade, Energy, and the Environment

Surging Demand for Oil

Page 15: China’s Impact on the Global Economy Trade, Energy, and the Environment

Oil Prices in the Industrial Age

Page 16: China’s Impact on the Global Economy Trade, Energy, and the Environment

The Easy (Cheap) Oil is Gone

WashingtonPost.com

Page 17: China’s Impact on the Global Economy Trade, Energy, and the Environment

Biggest Contributor to CO2

Page 18: China’s Impact on the Global Economy Trade, Energy, and the Environment

CO2 Levels (Now at 390 ppm)

Page 19: China’s Impact on the Global Economy Trade, Energy, and the Environment

Arctic & Greenland Ice Melt•

Page 20: China’s Impact on the Global Economy Trade, Energy, and the Environment

Is Economic Growth Sustainable?• Population growth and

congestion• Rising cost of energy• Climate change• Environmental degradation• Poverty, starvation, disease• Political conflicts, terrorism

Page 21: China’s Impact on the Global Economy Trade, Energy, and the Environment

Their Moonshot and OursThomas Friedman, 9/25/2010

China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.

Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan.

We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.

Page 22: China’s Impact on the Global Economy Trade, Energy, and the Environment

The Next Era?

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