Time2 2’00’’ The emerging economies are in trouble.
- expected rising US interest rate
- huge international flow of them is unsustainable
Time3 2’22 The global investment ratio is bound to decline. - Similar situation in 1980s,better conditions now. China faces the similar trend of Latin America in 1980s. Demand for commodities will decline, similar to situation in 1980.
Time4 2’19’’ Price of commodities have declined and are likely to continue tofall. The author worries about the current emerging economies - Similar critical trends in1980s. (-) - Global will change sharply if it changes. (-)
Time5 2’12’’ The author suggests that emerging economies should take structural reforms. - Examples of reforms - The problems of ignoring this reform
Time6 2’32’’ 2’16’’ - The reasons why cities are keen to host the Olympics - The benefits and risks of hosting Olympics
Obstacle 7’29’’
Main idea: China should let cities likeBeijing and Shanghai get bigger rather than promote smaller and new ones. Attitude: suggest (favor for bigger megacities) Structure: The debates of urbanization in China: theauthor favors to make megacities bigger - Aggolomeration benefits Benefits+feasibility of bigger megacities: Drive down costs and lead tospecialization - Mushrooming cities The negative consequences of mushroom cities However,these risks have more to do with misguided urban-management policies. e.g. Beijing’s core China needs more efficient urbanization process --- larger and denser but more environmentally friendly and livable cities
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