Based on the past 20 years of economic growth, I estimate in another 6 years or so China will have the world's largest economy.
But we'll have sociology majors and peace study majors and American Idol and Desperate Housewives and the Jenny Craig Point System? Right? I mean at least we'll still have all that!Then again, that's if you believe the economic figures China is releasing.
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Why are you using PPP figures?
Because that would be normal economic protocol.
Unless you have a more compelling reason to use another measure, which I'm certainly interested in hearing.
Do you really believe China has a larger economy than Japan right now?
Actually, I don't work as an economist as you do, so I defer to your professional judgement.
I have do an MBA from the University of Chicago, where I majored in economics. It just seems to me that China has a lot of hype associated with it, but Japan is still the force to be reckoned with in Asia.
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