Can Unified Korea overtake China??? Options

[Joaharu]

Unified Korea will be Unified Korea and China will be China. Each will have different and cooperative role. No one's taking over anyone. Sounds like someone wants to see a wedge between countries in NE Asia. If Korea unifies in peaceful means and Unified Korea overcomes the initial chaos, NE Asia that is China, Russia, the new UK, Japan will be the most exciting, active, wealthy, stable, and peaceful region in the entire world.

I think he means economically. But the answer is still NO.

[X_Dragon]

Ofcourse it can, if a techonology breakthrough that world consumers depend on, and if Korea has close to a monopoly access of it. Look at the UAE and their oil.

But considering the trend with no "world changing special events" its unlikely. China's resources, man power, growing infracsture etc.. is just overwhelming

Look at HongKong, somtimes referred as the "business hub" of East Asia.. with their money and arguably one of the highest living standards in EA (and even your highest IQ argument" , it will(if it didnt already) get outclassed by China

[xentradi97]

Ofcourse it can, if a techonology breakthrough that world consumers depend on, and if Korea has close to a monopoly access of it. Look at the UAE and their oil.

But considering the trend with no "world changing special events" its unlikely. China's resources, man power, growing infracsture etc.. is just overwhelming

Look at HongKong, somtimes referred as the "business hub" of East Asia.. with their money and arguably one of the highest living standards in EA (and even your highest IQ argument" , it will(if it didnt already) get outclassed by China

It'll be extremely difficult because Korea does not have as BIG of a market as China has. It's all about the scale of economy. What makes US such a Super big country? It's the sheer market size that's supporting the world. Now it's shifting slowly to China and India. Unified Korea will be one of the most advanced and important voice in NE Asia sure. But the biggest market it will not be. That will be China and India.

[MiddleKingdom1]

The economic cost of reunification of impoverished North Korea and (war-torn) South Korea will be enormous and will amount to trillions of dollars.

Guess who is presently the richest nation on Earth in terms of foreign currency reserves/current account surplus capitalization?????


South Korea will lure China with extra commercial investment incentives for China to use some of her $2.7 TRILLION dollar piggybank to rebuild a united Korea.

China will economically own united Korea using her $2.7 trillion dollar account surplus account.

This post has been edited by MiddleKingdom1: Dec 4 2010, 12:30 AM

[zoopiter]

Just want to know since economic predictors said unified Korea would surely overtake Germany, France, Japan, etc..

depends on what u want to compare.
population size? magnitude of overall income? size of economy? cheap labor?

there are some things that korea can never be able to achieve simply becos the size is so much different.

there are also certain things that s.korea is already doing better, and for the same reason for china's success now, china is unlikely to surpass korea and other advanced countries for quite a period. the apparent wealth of the whole state or the wealth of some people does not translate to average wealth. and this takes time. and while china advanced, other countries do not stay stagnant too.

[mastaping]

I thought Hong Kong Chinese has highest IQ. Are you trolling?

Sounds like trolling...

[micm88]

The economic cost of reunification of impoverished North Korea and (war-torn) South Korea will be enormous and will amount to trillions of dollars.

Guess who is presently the richest nation on Earth in terms of foreign currency reserves/current account surplus capitalization?????


South Korea will lure China with extra commercial investment incentives for China to use some of her $2.7 TRILLION dollar piggybank to rebuild a united Korea.

China will economically own united Korea using her $2.7 trillion dollar account surplus account.

This is what you've posted at your sub-forum.
http://www.asiafinest.com/forum/index.php?showtopic=247546

This explains why Chinese are among the highest savers in the world, because they mostly pay out-of-pocket for medical expenses, they save up for elderly medical expenses, because the government resources dedicated to social services programs like healthcare insurance and healthcare insurance coverage is sparse and not very penetrating in rural and urban areas.

China, just invest more in national social services scheme, or Chinese will continue saving their money, to compensate for gaps in government national funding structure, and pay out of pocket.

One option is to save, like all right minded people should do for retirement, and not spend your way into credit problems like AMERICANS.

If China is fu-ked, Imagine India....Not nation over 1 billion people should sustain a TFR over 2.7 for sustained period of time...

Good about China - you can stop people from doing their biological job, when the biological job threatens the nation's very existence (aka, too many mouths to feed, population must be controlled in some way to prevent the disintegration of Chinese unified state into 5 US-size nations, or 3 EU-size paQrts.)

Bad about China - in terms of population, not really. Just be glad you are not powerless like India. India is going to beat China to have 1.6 billion people by 2050.....

Good luck.

Chinese are the world's most prolific savers for a reason They know the government won't cover their expenses because of poor funding of social services programs, so they save like mad.

So you know exactly what's going to happened to that $2.7 trillion dollar account surplus
I wish your country a best luck buying up Korean brides and feeding aged people with $2.7 trillion dollars saving

This post has been edited by micm88: Dec 4 2010, 08:15 PM

[rvsp]

If South Korea and North Korea were reunited, China and Korea would mutually benefit.

People in both countries will travel by high speed train from Beijing to Seoul without visa. They will also talk more about travel plan and famous restaurants in both countries instead of political garbage. At least, that's what I am hoping.

This post has been edited by rvsp: Dec 4 2010, 08:42 PM

[MiddleKingdom1]

So you know exactly what's going to happened to that $2.7 trillion dollar account surplus embarassedlaugh.gif
I wish your country a best luck buying up Korean brides and feeding aged people with $2.7 trillion dollars saving

I didn't know you can use foreign exchange reserves denominated in USD, Yen, Euro, etc.... to pay for medical-care and food for Chinese elderly people in RMB/Yuan (non-convertible currency).

Do you know how China's foreign exchange reserve/currency account surplus was accrue?

I didn't know Chinese elderly people saved in USD, Yen, and Euro.

Dumbass.

These foreign currency reserves is what is making China outcompete and outbid other nations in getting natural resources in S. America, Africa, Central Asia, Middle East, etc...

China uses $2.7 trillion dollar foreign reserves to buy US treasury bonds, which means China effectively owns the American debt.

Imagine China purchasing S. Korean treasury debt to finance reconstruction efforts. China will be America and united Korea's banker and largest creditor, effectively locking them into China's economic orbit clout even tighter.

This post has been edited by MiddleKingdom1: Dec 5 2010, 01:13 PM

[MiddleKingdom1]

For you guys who don't know, China owns $800 billion dollars of US treasury bonds, that came from China's $2.7 trillion foreign exchange reserves, which was built up from trade deficit with the US and other nations.

If S. Korea sells treasury bonds to help finance reconstruction of unified Korea, pretty much the only nation on Earth that has the power to respond that that amount of investment is China right now.

China helped Euro-zone with Greece, Portugal, and Spain treasury bond buy-out to help their economy from combusting, as well as United States bail-out (aka stimulus recovery act of 2008).

China is everyone's banker now-a-days.

[African]

For you guys who don't know, China owns $800 billion dollars of US treasury bonds, that came from China's $2.7 trillion foreign exchange reserves, which was built up from trade deficit with the US and other nations.

If S. Korea sells treasury bonds to help finance reconstruction of unified Korea, pretty much the only nation on Earth that has the power to respond that that amount of investment is China right now.

China helped Euro-zone with Greece, Portugal, and Spain treasury bond buy-out to help their economy from combusting, as well as United States bail-out (aka stimulus recovery act of 2008).

China is everyone's banker now-a-days.

Staight.

[micm88]

I didn't know you can use foreign exchange reserves denominated in USD, Yen, Euro, etc.... to pay for medical-care and food for Chinese elderly people in RMB/Yuan (non-convertible currency).

Do you know how China's foreign exchange reserve/currency account surplus was accrue?

I didn't know Chinese elderly people saved in USD, Yen, and Euro.

Dumbass.

These foreign currency reserves is what is making China outcompete and outbid other nations in getting natural resources in S. America, Africa, Central Asia, Middle East, etc...

China uses $2.7 trillion dollar foreign reserves to buy US treasury bonds, which means China effectively owns the American debt.

Imagine China purchasing S. Korean treasury debt to finance reconstruction efforts. China will be America and united Korea's banker and largest creditor, effectively locking them into China's economic orbit clout even tighter.

Mr. smarty pant, you're one very insecure Chinese.
Yes, China controls and owns everyone now

China need U.S consumer market otherwise what's need of these $800 billion U.S treasury bonds.
Why do you think China is so desperate to save U.S economy?

Why aren't Chinese government spending on their people?
They should also save their allies too: Pakistan, North Korea, Burma etc..

[MiddleKingdom1]

Doesn't India get most of her GDP growth (8-9% per annum) from mostly her domestic consumption of 1bn people?

Only reason why US won't tariff imports from China is because China can reciprocate by denying American firms access to a market of consumers 5 times the size of US population.

China has a market too, and can stimulate domestic consumption (like India) when export markets go bust.

Yes, and Americans are heavily dependent on China to subsidize their extravagant living standards and life style that should have ended post-1950 boom years, but is prolonged because of quality and good value products Made in China.

Go head and dilute your purchasing power by buying a $2000 Ipad that is Made in USA.

This post has been edited by MiddleKingdom1: Dec 5 2010, 08:19 PM

[Joaharu]

Mr. smarty pant, you're one very insecure Chinese.
Yes, China controls and owns everyone now

China need U.S consumer market otherwise what's need of these $800 billion U.S treasury bonds.
Why do you think China is so desperate to save U.S economy?

Why aren't Chinese government spending on their people?
They should also save their allies too: Pakistan, North Korea, Burma etc..

yeah and Rockefeller and Rothschilds along with the Anglo american establisment OWNS China.

[YourAnswerIsWron...]

Japan maybe, but Korea's not going to take over China.

And to whoever mentioned the IQ thing, don't forget that China's average IQ was 105 back in 2006, which is pretty amazing when it's GDP per capita is still quite low. As China climbs up, the national IQ IQ will rise as well.

Chinese who have high GDP per capita tend to be really smart, ie. Hong Kong and Singapore. Although Hong Kong is not a country and Singapore is small, you can't deny the fact that they do have the highest average IQ in the world. So when China gets to be as developed as Korea, I'm sure their average IQ will be higher than Korea's.

There's also an article that said that there was a special gene found only in ethnic Chinese that contributes to higher cognitive functioning or something like that. And with China's huge population, there are going to be tons of elites when China becomes developed. Just look at Hong Kong. It's so tiny, and yet, the richest man in East Asia is a Hong Kong dude called Li Ka Shing.

[micm88]

Japan maybe, but Korea's not going to take over China.

And to whoever mentioned the IQ thing, don't forget that China's average IQ was 105 back in 2006, which is pretty amazing when it's GDP per capita is still quite low. As China climbs up, the national IQ IQ will rise as well.

Chinese who have high GDP per capita tend to be really smart, ie. Hong Kong and Singapore. Although Hong Kong is not a country and Singapore is small, you can't deny the fact that they do have the highest average IQ in the world. So when China gets to be as developed as Korea, I'm sure their average IQ will be higher than Korea's.

There's also an article that said that there was a special gene found only in ethnic Chinese that contributes to higher cognitive functioning or something like that. And with China's huge population, there are going to be tons of elites when China becomes developed. Just look at Hong Kong. It's so tiny, and yet, the richest man in East Asia is a Hong Kong dude called Li Ka Shing.

If Japan can then Korea can take over China.
HK & Singapore are just city states can't be comparable to other countries.

[RedTiger3]

Japan maybe, but Korea's not going to take over China.

And to whoever mentioned the IQ thing, don't forget that China's average IQ was 105 back in 2006, which is pretty amazing when it's GDP per capita is still quite low. As China climbs up, the national IQ IQ will rise as well.

Chinese who have high GDP per capita tend to be really smart, ie. Hong Kong and Singapore. Although Hong Kong is not a country and Singapore is small, you can't deny the fact that they do have the highest average IQ in the world. So when China gets to be as developed as Korea, I'm sure their average IQ will be higher than Korea's.

There's also an article that said that there was a special gene found only in ethnic Chinese that contributes to higher cognitive functioning or something like that. And with China's huge population, there are going to be tons of elites when China becomes developed. Just look at Hong Kong. It's so tiny, and yet, the richest man in East Asia is a Hong Kong dude called Li Ka Shing.

China will never become as developed as Korea/Japan. Sure, China may have elites in the future (even now), but what about the rest of the population? Elites will make up maybe 0.0001% of China's population. China's inflation rate has increased in recent times, and their population is struggling to find the money to feed themselves, even though its economy is still growing rapidly. An argument so commonly brought up to counter this is that the food in China is much cheaper than Korea/Japan. That is in non-relative terms. In relative terms, food is no cheaper in China than it is in Korea/Japan.

And IQ? Who gives a $hit when your IQ average is ONE point higher than another country? You need to stop discussing trivial things.

Anyway, a unified Korea will definitely have long-term benefits on the peninsula.

This post has been edited by RedTiger3: Dec 6 2010, 02:52 AM

[African]

China will never become as developed as Korea/Japan.

It is already.

[xentradi97]

It is already.

not yet. it's on its way but still behind in many areas. Don't get too cocky. And Korea and Japan aren't just standing around... well maybe Japan at the moment due to incompetent leaders.

[micm88]

It is already.

Really?
So you think $3000 GDP per capita seemed developed?
I thought only two countries from Asia are OECD members.