Tuesday, December 23, 2008

China and America becoming one intertwined economy - 'Chimerica'

I don't know if any of you caught the interesting programme The Ascent of Money on Channel 4 last night but the presenter Niall Ferguson put forward the interesting idea that China's and America's economies have become so intricately connected and interdependent, that you can start to treat them as one, unified economic system - one he calls Chimerica.

I could find a clip of the original Channel 4 programme online, but here is an interview with Niall Ferguson where he discusses this idea (Sorry for the weird look of the video!). It's interesting stuff considering how the USA and China are considered as being diametrically opposed, politically. Talk about a love/hate relationship!:

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