posted on Oct, 23 2006 @ 01:23 AM
I thought this was a very good read from the Asia Times along with the other 5 parts in the series. The article makes you do some real thinking about
world politics as we think we know them. Long but informative.
Within US policy circles, the rapid rise of China as a major force in the global economy is provoking a reconsideration of whether free trade is still
in the US national interest.
The prospect that China can be a major economic power is feeding widespread paranoia in the United States. The fear is that developing nations, led by
China and India, may out-compete the advanced nations for high-tech jobs while keeping the low-skill, labor-intensive manufacturing jobs they already
own. China already is the world's biggest producer and exporter of consumer electronics and it is a matter of time before it becomes a major player
in auto exports.