I think its great that China is prospering and growing. The US and others cannot hold a monopoly on having a great standard of living. But what short and long term things can the US do to stay a leader?
2007-08-14 04:08:38 · 5 answers · asked by Delay 5 in Social Science ➔ Economics
Economic growth is not a zero sum game or a contest to see who is ahead. The major way that the growth in China effects our standard of living is that they will drive up the price of limited resources, mostly oil. This leads to the obvious answer that we need to become more energy efficient, especially in our use of oil, so our total expenditures on oil does not increase as the prices rises, and we can continue to purchase the other goods we want.
2007-08-14 07:31:50 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Quit buying led-laden toys and rancid dog food from China
2007-08-14 11:17:13 · answer #2 · answered by Chris H 3 · 0⤊ 0⤋
Buy stock in China
2007-08-14 11:15:07 · answer #3 · answered by Anonymous · 1⤊ 0⤋
exactly what we are doing...the economy of China is in for destruction
2007-08-14 16:00:00 · answer #4 · answered by SA 4 · 0⤊ 0⤋
Stop buying so much crap from the Chinese.
2007-08-14 11:13:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋