30-Second Snapshot: The U.S. and China
A series of infographics comparing the two countries puts their growing rivalry into perspective.
As former U.S. President Jimmy Carter explained in the Big Think special series "When China Rules the World," China is shaping up to be one of America's primary competitors in the future global economy. The infographics below provide an entry-level fact base for putting the growing rivalry into perspective.
With over 1.3 billion citizens, China's population is about four times that of the United States. In fact, China comprises about 20% of the world's population. *For more on the relative population of the world's countries, check out Frank Jacob's "World's Countries Rearranged by Population" at Big Think's Strange Maps blog.
According the International Monetary Fund's latest "World Economic Outlook Report" (October 2010), when taking projected exchange rates and inflation into consideration, the United States' G.D.P. will still exceed that of China in 2015. However, these projections could be radically altered if China were to unpeg the yuan from the dollar.
Unlike the United States, which is currently running a $13 trillion deficit, China export-driven economy allows it to run a positive current account balance. In the graph above, current account is defined as all transactions other than those in financial and capital items. The focus of the balance of payments is on transactions between each economy and the rest of the world in goods, services, and income.
46.3% of China's total G.D.P. comprises industrial production, while U.S. — long-ago known for its robust manufacturing sector — now produces 76.90% of its G.D.P. in the form of services. With over 1.3 billion mouths to feed, and a gross national income per capita of only $3,590, many Chinese still exist as small farmers, en mass bringing the agriculture output of China's economy to 10.30% of its G.D.P.
The American media, as well as a number of former Big Think guests, have been quick to express concern over China's acquisition of American debt. As of July 2010, the Chinese owned about $846.7 billion worth of U.S. Treasury Securities alone. When taking both public and private debt into consideration, as well as debt that China owns through foreign intermediaries, former Big Think guest and former Chief Economist of the International Monetary Fund, Simon Johnson, says the Chinese own well over a trillion dollars of U.S. debt.
Despite its massive population, there is still an enormous amount of growth potential in the Chinese economy. There are, for instance, only 48 mobile phones for every 100 people. Contrast this with the United States, where there are 89 mobile phones per 100 people, and you can begin to see why media financier Steven Rattner says China is "the great future growth story of the world."
As China continues to grow a more robust middle class, their appetite for costly consumer products, such as cars, will continue to rise. At the moment, despite being one the world's top automobile manufacturing hubs, there only about 3 cars for every 100 people in China. Contrast that to the United States, where there are 82 automobiles per 100 people, for yet another reminder why China's economy seems to be choc-full of economic potential.
China's imbalanced male/female ratio is one marked difference between Chinese and U.S. society that could have significant effects over the coming decades. China's imbalance is a result of families in rural China giving preference to male pregnancies. Sociologists say parents favor males because traditionally girls get married and leave their parents with no one to take care of them in old age. At the moment, there are 112.5 males under the age of 15 for every 100 females under the age of 15. This means as many as 32 million marriage-aged Chinese men may be left single over the next 20 years.
Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
A plan to forgive almost a trillion dollars in debt would solve the student loan debt crisis, but can it work?
- Sen. Elizabeth Warren has just proposed a bold education reform plan that would forgive billions in student debt.
- The plan would forgive the debt held by more than 30 million Americans.
- The debt forgiveness program is one part of a larger program to make higher education more accessible.
America isn't immune to attempts to remove books from libraries and schools, here are ten frequent targets and why you ought to go check them out.
- Even in America, books are frequently challenged and removed from schools and public libraries.
- Every year, the American Library Association puts on Banned Books Week to draw attention to this fact.
- Some of the books they include on their list of most frequently challenged are some of the greatest, most beloved, and entertaining books there are.
In most states, LGBTQ Americans have no legal protections against discrimination in the workplace.
- The Supreme Court will decide whether the Civil Rights Act of 1964 also applies to gay and transgender people.
- The court, which currently has a probable conservative majority, will likely decide on the cases in 2020.
- Only 21 states and the District of Columbia have passed laws effectively extending the Civil Rights of 1964 to gay and transgender people.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.