Economic Growth

The Japanese economy grew by 1.1 % in the final quarter of last year. Japan is the worlds second largest economy, and its growth shows that the world is on its way to recovery from the recession of last year.

The third largest economy, mainland China, is growing faster. It seems likely that China will soon pass Japan and become the new second largest economy. This is not strange, given the capitalistic politics of the one-party state that still calls itself a communistic Peoples Republic of China. I just wonder when there will be an upheaval in China - either by going back to the communistic teachings or, perhaps more likely, by establishing a democratic form of government that can make the economy even better.