China: The world’s next super power or a flash in the pan?
Maggie Dermody
April 2006
Principles of Economics 190 Sect.
Professor Wilson
APA Format
Econ Outline: Is Chinas current economy sustainable?
I. China is a country who economic growth has been increasing and is believed to continue increasing for time to come
a. Past Data
b. Current Data
c. Future
If China continues on the its current economic path, it has the potential to be a very powerful country
II. Over the past five years China’s GDP has grown by 8% annually
a. Data
i. 1978 and 1998 gross domestic product or GDP per capita grew at an astounding 8 percent annually
ii. a performance which makes China the most rapidly growing economy in the world during this period
b. What data means
c. How it shows what is currently happening
III. What is going on right now in China
a. What economy is doing
i. In 2002, the Chinese Communist Party announced a goal of quadrupling per capita income by the year 2020.
ii. Starting at income levels of the year 2000, this would require a growth rate of 7.2 percent per annum in per capita income or close to 8.0 percent in GDP
iii.
b. What china is doing to promote economic growth
i. China has substantially increased the percentage of its workforce receiving a college education, and continuing growth in this investment in human capital could account for a large portion of the desired growth rate
c. How they can cause future change
IV. China’s economic future.
a. Possible problems
i. If China grows like a setting of the simulation, the energy
Consumption is very likely to exceed the supply. In this case, the growth of China as well as the rest of the w ...