<p>Justinian,</p>
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The news media lauds the Chinese government for their increase of economic power. Some economists speculate that the Chinese will supersede Americas economy in twenty years. Is this true?
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<p>Economists back in the 1980s suspected that Japan would surpass the US by the 1990s. It never happened. </p>
<p>However, that doesn't mean that China will follow the same route. China has distinct advantages over the Japanese. First of all, they show a greater willingness to all direct investment in their economy than the Japanese. They also have a much larger population and much more land.</p>
<p>If not in 20 years, then within our lifetimes. By many measures, the Chinese are clearly on the road to being the largest economy. But GDP doesn't mean that per capita income or per capita GDP is high. The US will still remain much richer on a per capita basis for a long, long time. </p>
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Well, I believe that the US economy will always be the true economic world power with China in a close second.
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<p>Based on what? Your Magic 8 Ball?</p>
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Just wait a second, UCLA. I distinctly remember you lauding the American public schools in another thread. I can't remeber exactly in which thread you said this, however. Oh well! Regardless, Americas school systems leave much to be desired, that is for sure.
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<p>Yes, it's true that the Japanese, as an aggregate, learn math at a faster pace than their American counterparts. I said that American public schools have strengths that are distinctly lacking in Japanese schools. For one, they offer students a chance to "learn at their pace." This means that students who excel at math can take math at an accelerated pace (though some may argue not accelerated enough.)</p>
<p>Either way, the American system is still clearly leading to the production of much more innovative people than Japan, where innovation and independent thinking is oftentimes frowned upon. </p>
<p>For all of its weaknesses, the American educational system is still pretty darn good, and the university system is one of the strongest (if not the strongest) in the world.</p>