TTC – China, India, and the United States: The Future of Economic Supremacy
Course Lecture Titles
6 Lectures, 30 minutes / lecture
1. The Narrowing Economic Gap
Take an insightful look back at the dramatic economic histories of the United States, China, and India between 1961 and 2010—a period that offers a strong foundation for thinking carefully about what the global economic situation of the next 20 years may look like. In particular, explore the impact of such trends and programs as America’s post–World War II economic boom, Mao’s disastrous Great Leap Forward, India’s triumphant independence from Great Britain, and the paralyzing global recession of 2008.
2. China’s Economic Miracle
China’s recent economic growth is the most miraculous economic story in world history. But it’s a uniquely Chinese story that perhaps no other nation could have written. What about China’s culture and politics changed to produce such spectacularly rapid growth? Does the successful Chinese approach represent a new model for economic growth in other countries? How sustainable is this growth in the long run? Professor Rodriguez reveals the answers to these and other questions here.
3. India’s Rise from Isolationism
India’s economic growth, which emerged after decades of lost opportunities, is primed to earn the country a place among the most influential world economies of the 21st century. In this fascinating lecture, accomplish three main objectives. First, grasp the root causes behind why India’s economy was terrible for so long. Second, learn why India’s rapid growth is happening right now, and not decades earlier. And third, discover what India’s unprecedented economic success means for India—and for the world.
4. The U.S. at the End of the Old Global Order
Will the end of American economic supremacy mean the end of American prosperity? Make sense of this provocative question by charting the rise of American economic “exceptionalism” during the 1990s; investigate why the era of a U.S.-dominated global economy is ending and how the Triffin Paradox helps explain these reasons; and find out why this dramatic change may in fact be the only way to ensure America’s future prosperity and its ability to continue growing.
5. Strategies for the New Economic Order
The next decade will be an absolutely critical one for the future of the world economy. Using his keen economic and historical knowledge, Professor Rodriguez explores the future of America and China’s economic relationship; helps you make sense of the massive changes and challenges India faces in the coming years; illustrates specific steps that the United States can take to rebalance its economy; and demonstrates why the global recession of 2008 was, in actuality, a transformational moment.
6. The Future of the 3 Economic Powers
Look further ahead and address the questions that loom the largest when thinking about the economies of America, China, and India. What can we expect from each of these three countries in the next 20 years? How will each country contribute, in its own distinct way, to the new economic landscape currently being formed? How ready are China and India to assume the power coming their way? And how influential will America continue to be in the new global economy?
Dr. Peter Rodriguez is Senior Associate Dean for Degree Programs and Chief Diversity Officer at the Darden School of Business of the University of Virginia, where he teaches global macroeconomics and international business. He earned his Ph.D. in Economics from Princeton University.
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