William Hawkins
Monday, July 30th, 2007William Hawkins writes today in the Washington Times,
Release of International Monetary Fund economic growth projections for 2007 set off a rash of misleading headlines. Many claimed that because China will lead the world with a national gross domestic product growth of 11.2 percent, it is the “engine of the global economy.” This implies what is happening in China benefits the rest of the world, when in fact it is really only empowering China. Its impact on other countries is problematic.