EconAir

FIND POSTS BY CATEGORY The Beginning of the Modern Global Economy:  The Economic Rise of England Before the Industrial Revolution The Beginning of the Industrial Revolution American History American Economic History Politics of the United States The Roman Republic and America - Differences and Some Possible Parallels China India The theme of the following five sections of the blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis. Basic Concepts and Theory Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets Corporate Strategies Management There is beginning a historic change in future populations and their demographics. This will interact with other variables and have a serious, maybe profound, effect on future economic growth. Demographics, Population Projections and Economics The world seems to be in the midst of radical political and social change...

  INTRODUCTION AND OVERVIEW According to the World Bank, China's Gross Domestic Product (GDP) was $18.7  trillion in 2024, compared to $29.2 trillion for the United States.  China's Gross Domestic Product (GDP) in 2025 was approximately   $19.5 trillion .  China's economy was 64% the size of the American economy; a generation ago, in 2000, China's GDP was only 12% of America's. China has been a spectacular economic success story.  GDP per person in 2025 reached slightly under $14,000, which was 15 times as great as in 1990. China has increased its share of global manufacturing from 6% in 2000 to 32% in 2024.  Manufacturing makes up 28% of China’s economy, compared with 11% in the United States. China's dominance of the interconnected group of high-tech products will continue to make China the dominant manufacturing country in the world. China will also dominate the global economy, exporting its high-growth products at falling prices and developing join...