One odd thing about globalization is that you end up with different ideas hitting each other. Every time I read GDP projections about China, I always think about a passage from the Bible in Deuteronomy 34, which I learned when I was very small.
34:1 Then Moses went up from the plains of Moab to Mount Nebo, to the top of Pisgah, which is opposite Jericho. And the Lord showed him all the land, Gilead as far as Dan 2. all Naphtali, the land of Ephraim and Manasseh, all the land of Judah as far as the western sea, 3 the Negeb, and the Plain, that is, the Valley of Jericho the city of palm trees, as far as Zoar. 4 And the Lord said to him, “This is the land of which I swore to Abraham, to Isaac, and to Jacob, ‘I will give it to your offspring.’ I have let you see it with your eyes, but you shall not go over there.” 5 So Moses the servant of the Lord died there in the land of Moab, according to the word of the Lord,
Even given the most optimistic growth rates, the GDP and standard of living of China is not going to reach developed world status until at least the second half of the 21st century. With all of the talk of China’s rise, people forget these constraints which were known by Deng Xiaoping when he started all of this in 1978.
The result of this is that I can see the promised land, but I’m not going to ever live in it. It’s interesting to be part of a massive historical drama that started long before I was born, and is going to continue long after I die.