Chapter 25 guide

★Traditional economics not only regards the country as a closed economic system, but also emphasizes the need to achieve balanced development within this economic system. ★Behind the trend of relying on data and formulas to describe economic and business activities, there is an illusion that we think we have enough data information to draw reliable conclusions, but the actual situation is not like this. The author is extremely optimistic about the status quo and prospects of Sino-U.S. integration. He attributes the reason why the economic crisis in 2008 to 2009 had little impact on the fact that "the relatively stable economic situation is inseparable from the integration of China and the U.S." .He also believes that a combination of factors has led to the integration of China and the United States over the past 20 years, a trend that is often overlooked.Because the integration of China and the United States cannot be explained by traditional economic theory, and people did not expect it.

In the 1990s, the two major economies of China and the United States had shown a trend of integration, but it was not until 2001 that "China and the United States" gradually formed and began to reshape the world economic structure. A series of abnormal events in the world economy in the first decade of the 21st century have attracted people's attention, including sharp fluctuations in interest rates, sharp increases in product costs, stagnant wages in developed countries, the economic crisis in 2008, increased credit in the United States and Europe, and a sharp increase in China's foreign exchange reserves. increase.These circumstances are due to the rapid rise of the Chinese economy on the one hand, and the continuous integration of China and the United States on the other.

Throughout nearly 200 years of history, today's global economic situation is the most stable.Undoubtedly, many people will dispute this conclusion, especially if they have just lived through the economic crisis of 2008-2009.However, historically, the negative impact of this economic crisis has been much smaller than previous ones, and it did not cause severe social unrest.Such a relatively stable economic situation has an inseparable relationship with the integration of China and the United States.That being the case, why do people still turn a blind eye to the integration of China and the United States?

The answer may be simple: People have not seriously examined the general trend of the integration of China and the United States.Or rather, people have no incentive to do so.There are two reasons for this: first, China and the United States have different characteristics in terms of economic operation and practice, and second, the production channels and statistical sources of world economic data are inconsistent.Therefore, when people understand the current world economic situation, it is inevitable that they will have deviations.