I was reading a L.A times article, Russian living in droves. Reason for departure are, low wages and some can’t standing seeing the face of Vladimir Putin (he is returning to Russia President in 2012) on TV for the next 12 years. Such stories are worrying because when a country looses it’s working population the economy will eventually suffer. Even more worrying is the politicians in Russia don’t give a foot: To them the more the educated leave, the more the opposition weakens.
China Vs Russia In the Future
I love web articles but I love reader comments more. A reader left a thought provoking comment on this issue.
Let me get this straight. Russia is the largest country in the world and extends eleven time zones. It has about 140 million people and that population is declining and the Russian economy is flat at best.
Next door China has over one billion people, a growing economy and needs many of the natural resources that Russia has.
Fifty years ago, a situation like that would have brought war.
I’m not predicting war between Russia and China but it is not too far fetched to think that China might some day want to purchase part of Russia. A corrupt and weakened government in Russia just might go for it to fix short-term problems.
written by Constantine Njeru
\\ tags: China, Chinese Economy, L A Times, Largest Country In The World, Natural Resources, Population, Russia, Russian Economy, Vladimir Putin, Wages
In the book Age of Turbulence by Allan Greenspan. The former Fed Chief made some interesting economic predictions of US economy and Chinese economy.
The rise of Chinese wages.
The rural urban migration of Chinese workers from farms into factories, will slow, leading to stronger wage pressures and prices, he says. This is already happening as we have seen Foxconn the largest factory in China increase wages of its factory workers.
American Economy and Inflation
The impact of rise in Chinese wages will impact on the US economy. High prices of Chinese goods coming into the US will cause inflation.
written by Constantine Njeru
\\ tags: Allan Greenspan, American Economy, China, Chinese Economy, Chinese Goods, Chinese Workers, Economic Predictions, Factories, Fed Chief, Inflation, Turbulence, Urban Migration, Wage Pressures, Wages
Eldorado Gold is a Canadian gold mining company. It has operations around the world.The company stock is listed in NYSE.
Eldorado Gold Competitive advantages
The only North American mineral operator with mines in China. Which places it at a strategic position to take advantage of the booming Chinese economy.
The company has low cost strategy, Eldorado aims to keep the costs of mining, processing, transport, and selling around $375 an ounce.
When you think about that low cost strategy, gold could fall dramatically from its current heights around $1200, and Eldorado would remain profitable.
written by Constantine Njeru
\\ tags: Canadian Gold, China, Chinese Economy, Company Stock, Competitive Advantages, Eldorado, Gold Investing, Gold Mining Company, Gold Stock, Investing In Gold, Nyse, Ounce, Stock Analysis, Stock Investing