Comments on: Is China de-industrializing the rest of world economy? http://www.ronanlyons.com/2009/08/06/is-china-de-industrializing-the-rest-of-world-economy/ Irish Economy | World Economy | Property Market | Economic Analysis | Ronan Lyons Fri, 27 Jan 2012 13:32:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Aspect Investments http://www.ronanlyons.com/2009/08/06/is-china-de-industrializing-the-rest-of-world-economy/comment-page-1/#comment-1328 Aspect Investments Wed, 13 Jan 2010 19:21:46 +0000 http://www.ronanlyons.com/?p=821#comment-1328 There is no doubt in my mind that China will at some point overtake the US as the worlds largest economy. They have more people than the US, they have more land than the US, and they work harder than the US. So it is inevitable. I think it could take anything from 10 to 20 years for China to take the number 1 spot though. There is no doubt in my mind that China will at some point overtake the US as the worlds largest economy. They have more people than the US, they have more land than the US, and they work harder than the US. So it is inevitable. I think it could take anything from 10 to 20 years for China to take the number 1 spot though.

]]> By: Ronan Lyons http://www.ronanlyons.com/2009/08/06/is-china-de-industrializing-the-rest-of-world-economy/comment-page-1/#comment-873 Ronan Lyons Mon, 10 Aug 2009 08:22:54 +0000 http://www.ronanlyons.com/?p=821#comment-873 Hi Karl, Interesting comment - if I can phrase my point along similar lines, it would be I don't know if I buy into the 'Manufacturing is the only future' idea, which was what I thought I'd spotted in the literature. Not for a minute would I suggest that having manufacturing is a bad thing. R Hi Karl,
Interesting comment – if I can phrase my point along similar lines, it would be I don’t know if I buy into the ‘Manufacturing is the only future’ idea, which was what I thought I’d spotted in the literature. Not for a minute would I suggest that having manufacturing is a bad thing.
R

]]> By: karl deeter http://www.ronanlyons.com/2009/08/06/is-china-de-industrializing-the-rest-of-world-economy/comment-page-1/#comment-840 karl deeter Thu, 06 Aug 2009 14:19:35 +0000 http://www.ronanlyons.com/?p=821#comment-840 I don't know if I buy into the 'Services are the only future' idea, having a strong manufacturing base is not a bad thing, it also helps employ workers who may lack the education/skillset to work within higher end services which are ultimately the profitable exportable sector. If anything I think the secular trend will be back towards actual 'things' as services and technology are consolidated and simplified, for instance - a website 10yrs ago was expensive, now you can get one for €200 that would have cost you €20,000 in 1999. If services get commoditized (as they inevitably do) then the ability to produce will actually be of greater value, Ireland has lost most of that already and it's to our detriment, it means a reliance on imports will remain and unless we can export increasingly cheaper services faster than we import the actual goods and products that we need to survive on then there is trouble down the line, that's not a very convincing business model! I don’t know if I buy into the ‘Services are the only future’ idea, having a strong manufacturing base is not a bad thing, it also helps employ workers who may lack the education/skillset to work within higher end services which are ultimately the profitable exportable sector.

If anything I think the secular trend will be back towards actual ‘things’ as services and technology are consolidated and simplified, for instance – a website 10yrs ago was expensive, now you can get one for €200 that would have cost you €20,000 in 1999. If services get commoditized (as they inevitably do) then the ability to produce will actually be of greater value, Ireland has lost most of that already and it’s to our detriment, it means a reliance on imports will remain and unless we can export increasingly cheaper services faster than we import the actual goods and products that we need to survive on then there is trouble down the line, that’s not a very convincing business model!

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