The Ticking Clock on China
Important article about the clash between economic growth and an aging population in China. Barnett points out that the clock is ticking on China’s window of opportunity.
When making forecasts or constructing future scenarios, some of the most important choices are which variables you will hold fixed (or increase/decrease linearly) and which ones you’ll change. Put another way, how much can you hold constant? Predictions of China’s domination of the globe rarely address this because they fixate on how many Chinese there are or their growth rates over the past 30 years.
