Wednesday, July 18, 2007

Articles to Read

Here are a couple of interesting (unrelated) articles I read this morning.
The first being an argument for reasons to believe why China might be nearly where it currently is ten years from now. Basically, big population = big beaurocracy = bigger hurdles to overcome.
"A more intractable problem is China's power structure itself. Although Beijing holds a monopoly on politics, local Communist Party officials enjoy wide latitude over social and economic affairs. They also have huge professional and financial incentives to spur GDP growth, which they often do by ignoring regulations or lavishing companies with perks. As a result, China has built a bureaucratic machine that at times seems almost impervious to reform. Even if Beijing has the best intentions of fixing problems such as undrinkable water and unbreathable air, it is often thwarted by hundreds of thousands of party officials with vested interests in the current system."

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