China and the US: An Opportunity

A stronger relationship between the US and China could be an opportunity for South Florida, but their are problems on both sides and internal economic and political needs.

The pressures are real [between the US and China]. The United States’ need for comprehensive domestic renewal, for instance, is in many respects the price of having shouldered the burdens of waging the 40-year cold war, and it is in part the price of having neglected for the last 20 years mounting evidence of its own domestic obsolescence. Our weakening infrastructure is merely a symptom of the country’s slide backward into the 20th century.

China, meanwhile, is struggling to manage an overheated economy within an inflexible political system. Some pronouncements by Chinese commentators smack of premature triumphalism regarding both China’s domestic transformation and its global role. (Those Chinese leaders who still take Marxist classics seriously might do well to re-read Stalin’s message of 1930 to the party cadres titled “Dizzy With Success,” which warned against “a spirit of vanity and conceit.”)

via How to Stay Friends With China – NYTimes.com.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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