China is, roughly speaking, on the other end of the spectrum from Venezuela: import mainly low value stuff like raw materials, manufacture and export almost eve

China is, roughly speaking, on the other end of the spectrum from Venezuela: import mainly low value stuff like raw materials, manufacture and export almost everything else, create as large a trade surplus as possible, educate your work force, force people off rural land and into the cities to work, emphasize capital formation. Seems to have been quite successful. Saudia Arabia seems closer to Venezuela than it is to China, and yet, it has at least saved a huge pile of cash, much of which is invested in valuable companies like Twitter. My guess is that the US is closer to Venezuela than it is to China.