Exploring the Effects of Demographic, Economic, and Social Factors on China's Economy
Abstract
This thesis examines demographic, social, and economic factors in China and their effect on China's economic growth. The thesis uses Michael Porter's economic development model and various economic indicators to compare China's economic growth from 1978 to 2011 to Japan's economic growth from 1945 to 1978, and to the United States' economic growth from 1919 to 1952. The purpose of this analysis is to identify whether China will become a peer competitor with the United States within the next 20 years. The analysis revealed that China's demographic, social, and economic factors are not likely to significantly undermine its economic growth over the next 20 years. However, although China's economic size will surpass that of the United States within the next decade, China will not become a peer competitor with the United States within the next 20 years. The thesis also found that the largest obstacle to China's long-term economic growth is China's aging population and corruption; these factors have the potential to prevent China from becoming a peer competitor with the United States.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 14, 2012
- Accession Number
- ADA570119
Entities
People
- Timothy J. Woodruff
Organizations
- United States Army Command and General Staff College