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China could industrialize much faster because all the needed science and industrial inventions had already been developed by the West. The real question for Chi
by woodandsteel 10y ago
China could industrialize much faster because all the needed science and industrial inventions had already been developed by the West. The real question for China is whether its present form of government can sustain development over the long term.
- bane 10y agoYeah, China's situation is a bit different: - There's already a well developed, wealthy, stable of markets that will buy the output of production along with the domestic development. - The technology to kick off the development has largely already been developed, China just had to import it and get people to run the equipment and work on the assembly lines. What's just as interesting is the ways in which it's the same: - Powered by Coal - just like Britain, America and Wallonia - Rapid urbanization triggered by the rise of manufacturing jobs