Monday, June 21, 2010

Thinking outside the base regarding China › Japan Today: Japan News and Discussion

In a recent issue of Foreign Policy, Nobel Prize-winning economist Robert Fogel predicted that China’s GDP will reach $123 trillion by 2040. He also predicted that the U.S.’s share of global GDP will be roughly one third that of China’s. If China’s GDP surpasses that of the U.S., then it’s very likely that China’s military budget will also surpass that of the U.S.

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