Martin Jacques, the author of the book “When China Rules the World” is also an economist and columnist of the Guardian and New Statesman. He recently spoke before a TED Salon in London about how China is going to overtake the US sooner than most people think.
What Martin Jacques had outlined in his lecture is of great importance to us Filipinos who are caught in the big geopolitical power game between the US and China. Per Acting Foreign Affairs Secretary, Albert del Rosario, we will continue our “sole strategic partnership” with the US.
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What Martin Jacques had outlined in his lecture is of great importance to us Filipinos who are caught in the big geopolitical power game between the US and China
Jacques narrated that even before the Western Financial Crisis Goldman Sachs had already projected that the Chinese economy will soon surpass that of the US and that in 2050 the Chinese economy will be double the size of that of the US.
Citing BNP Paribas projections, Jacques stated that the post-crisis date when China overtakes the US is now 2020. “China is going to change the world in two fundamental respects. First of all, it’s a huge developing country with a population of 1.3 billion people, which has been growing for over 30 years at around 10 percent a year,” Jacques said.
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