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Thread: When China will be an economically RICH country?
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[quote=CHYNAGYRL,39438]You might want to browse the chapter on China in Jeffrey Sach's book "The End of Poverty". He's an economist at Columbia University who has been developing solutions for developing countries to overcome poverty. Basically, he said the main points Chris mentioned above... Myself, I feel that China's economic growth is being paid at a great environmental cost. People who measure by a green index say that it's actually in the negative right now -- because the cost to the environment in the long run is greater than the benefits they will reap in the short run. The developed countries really brought the world to the brink -- and perhaps China and India will topple it over... Not that I'm a pessimist but that's how it looks. Canada is closing it's last coal-powered plants in next few years, and China is scheduled to open 500 more this year. You do the math and see that the environmental cost will be very big for the rest of the world.[/quote]
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