The topic for discussion was on Asia, but most of it focused on China. I found a really funny picture that kind of helps summarize one of the key points Dr. Gaspar discussed.
|*Disregard the caption on the bottom right*|
- Raise the debt ceiling even higher? No, I don't think we should hurt future generations by taking this short-term option.
- Stop trade with China? Probably not a good option. We depend too much on products made from China and blocking trade (enacting quotas/tariffs) will probably hurt us more than help us.
- Force China to increase the value of its currency (which will decrease net exports and net capital outflow)? Hmm...
Dr. Poston gave us details about China's demographic structure. The sex ratio at birth (SRB) is hovering around 120, meaning 120 boys are being born per 100 girls. In the United States, this ratio is 105 (which is optimal because research shows that women live longer than men). In just a decade or so, there will be 55+ million Chinese men unable to find wives to marry.
|What a lucky woman. She gets to pick who she wants to marry.|
|Who doesn't love a good bachelor party?|
- China's population is aging + there are not enough babies being born = the old age dependency ratio will increase (similar to Japan and countries in Europe like Germany).
- Increased internal migration from rural areas to urban areas.
And then I found this...
"Dudley Poston, a Professor of Sociology at Texas A&M University, estimates that if China's sex ratio hold steady there will be a projected 55 million extra males by 2020. Unfortunately, even if it improved to almost natural levels by 2020 there will still be an excess of 51 million males."
I'm planning on doing a reciprocal exchange abroad next semester in Beijing. I was talking to someone from China for some advice. He said "hey, maybe you'll find a girlfriend in Beijing". I thought that was kind of funny.
But for any single ladies out there, you're probably more likely to get your "MRS degree" in China than anywhere else.
Any thoughts on the seminar?