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Transcripts For CSPAN2 Book TV 20110716

how whether or not they continue and become like singapore or the country i live in most of the time, italy, is a function of a different set of considerations which is trade off trips between incentives and labor markets and all the things we talked about among ourselves in the advanced countries. it is a different set of considerations and i have no idea how china can make those choices and where they will end up in the hierarchy eventually. george? have you perceived china getting off of its export is that going to be something that is natural or is it something very good question. there are two parts to that. they have to solve this problem on the aggregate demand and household income. if they are successful on social insurance they will lower the savings rate which is 30%. that will make a contribution but you can t solve the problem with that and asian countries tend to save at high rates. it really has to do with income mostly and then the question outsiders an

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