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Dambisa Moyo: Is China the new idol for emerging economies?

(2018-04-26 15:14:17) 下一个

 

TED talks by Dambisa Moyo who ia an international economist who analyzes the macroeconomy and global affairs.  

https://www.youtube.com/watch?v=osGXDSFaIlw

TED Global 2013

Is China the new idol for emerging economies?

2,149,483 views

16:19

Subtitles in 25 languages
 
00:16

When Patrick Henry, the governor of Virginia, said these words in 1775, he could never have imagined just how much they would come to resonate with American generations to come. At the time, these words were earmarked and targeted against the British, but over the last 200 years, they've come to embody what many Westerners believe, that freedom is the most cherished value, and that the best systems of politics and economics have freedom embedded in them. Who could blame them? Over the past hundred years, the combination of liberal democracy and private capitalism has helped to catapult the United States and Western countriesto new levels of economic development. In the United States over the past hundred years,incomes have increased 30 times, and hundreds of thousands of people have been moved out of poverty. Meanwhile, American ingenuity and innovation has helped to spur industrializationand also helped in the creation and the buildingof things like household appliances such as refrigerators and televisions, motor vehicles and even the mobile phones in your pockets. It's no surprise, then, that even at the depths of the private capitalism crisis, President Obama said,"The question before us is not whether the market is a force for good or ill. Its power to generate wealth and to expand freedom is unmatched." Thus, there's understandably a deep-seated presumption among Westerners that the whole world will decide to adopt private capitalism as the model of economic growth,liberal democracy, and will continue to prioritize political rights over economic rights.

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