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China's GDP per capita is still somewhere between #70 and #80 in the world[1]. It just happens to be a big country with lots of people. If the US or most other
by scotchmi_st 9y ago
China's GDP per capita is still somewhere between #70 and #80 in the world[1]. It just happens to be a big country with lots of people.
If the US or most other western countries had same number of people is China, they would be doing much better. Also to go out on a limb a bit, you could probably draw a graph which shows a correlation between China relaxing its protectionism and its GDP increasing at a faster rate as a result.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
- RobertoG 9y agoIt seems to me that hypothetical graph would be one of GDP increasing and, as a consequence, relaxing protectionism in selected sectors. If you don't have a development plan, capital just create bubbles and then left the country in search of bigger profits. What is important is the creation of infrastructure and knowledge in the country that will work for its citizens. I don't know why this is a proposition so disputed. It seems that having a plan is always good except if we talk about economy. Almost all the increment in the world reduction of poverty are due to China, but it's sold to us as a consequence of less protectionism. Maybe, at the end of the day, what make China successful is that is too big to be bullied.