Chapter 23
Ibid.
25 China of processed polysilicon and advanced manufacturing equipment
Steven Mufson, "China's Growing Share of Solar Market Comes at a Price," Was.h.i.+ngton Post, December 16, 2011.
26 largest economy in the world within this decade
Brett Arends, "IMF Bombsh.e.l.l: Age of America Nears End," Market Watch, April 25, 2011, http://www.market.w.a.tch.com/story/imf-bombsh.e.l.l-age-of-america-about-to-end-2011-04-25.
27 It now has twice the number of Internet users
"The Dating Game," Economist, December 27, 2011, http://www.economist.com/blogs/dailychart/2010/12/save_date; "Survey: China has 513 million Internet users," CBS News, January 15, 2012, http://www.cbsnews.com/8301-205_162-57359546/survey-china-has-513-million-internet-users/; Internet World Stats, "Top 20 Countries with the Highest Number of Internet Users," August 7, 2011, http://www.internetworldstats.com/top20.htm.
28 productivity growth has been higher than in any decade since the 1960s
"Job-Devouring Technology Confronts US Workers," Financial Times, December 15, 2011.
29 rates of increase while unemployment has barely declined
"U.S. Tax Haul Trails Profit Surge," Wall Street Journal, January 4, 2012.
30 spending on private sector jobs increased by only 2 percent
Catherine Rampell, "Companies Spend on Equipment, Not Workers," New York Times, June 10, 2011.
31 new industrial robots in North America
Robotic Industries a.s.sociation, "North American Robot Orders Jump 41% in First Half of 2011," July 29, 2011, http://www.robotics.org/content-detail.cfm/Industrial-Robotics-News/North-American-Robot-Orders-Jump-41-in-First-Half-of-2011/content_id/2922.
32 GDP of advanced economies for the first time in the modern era
"Special Report: Developing World to Overtake Advanced Economies in 2013," Euromonitor, February 19, 2009, http://blog.euromonitor.com/2009/02/special-report-developing-world-to-overtake-advanced-economies-in-2013-.html.
33 growing much faster than the developed countries
Mark Mobius, "Emerging Markets May See More Capital Flow, Away from a.s.sets and Currencies of Countries Burdened with High Debt," Economic Times, September 27, 2011.
34 Some a.n.a.lysts doubt the sustainability of these growth rates
Ruchir Sharma, "Broken BRICs: Why the Rest Stopped Rising," Foreign Affairs, November/December 2012.
35 wealthy investors to encourage them to build more factories in the West
Don Lee, "U.S. Jobs Continue to Flow Overseas," Los Angeles Times, October 6, 2010.
36 resulted in the loss of 27 million jobs worldwide
United Nations Department of Economic and Social Affairs, The Report on the World Social Situation: The Global Social Crisis, 2011, http://social.un.org/index/LinkClick.aspx?fileticket=cO3JAiiX-NE%3D&tabid=1562.
37 notional value twenty-three times larger than the entire global GDP
"Why Derivatives Caused Financial Crisis," Seeking Alpha, April 12, 2010, http://seekingalpha.com/article/198197-why-derivatives-caused-financial-crisis.
38 daily trades in all of the world's stock markets put together
Ibid.
39 thirteen times larger than the combined value of every stock and every bond on Earth
Ibid.
40 it represented more than 60 percent of all trades
Nathaniel Popper, "High-Speed Trading No Longer Hurtling Forward," New York Times, October 14, 2012.