The emergence of China as an economic superpower

The term of the American dream is not easily defined, and has subjective meaning to many who claim it. For example, Martin Luther King Jr. said: “I have a dream”. He dreamt of racial equality. Immigrants who want to come to America dream of success in life as a result of hard work. Some other Americans may dream of purchasing a big house and a nice car.

Thomas Friedman, a columnist for The New York Times, said recently in Beijing that globalization was creating about 3 billion new consumers in the world, all with their own version of the American dream: a house, a car, a refrigerator, a toaster, and a microwave.

Well, I had never known that toasters and microwaves were parts of the American dream