4 ms·
Of course they're capable. That's apparent. But a strong capital base does not fall into a nation's lap simply because its people are capable. The Chinese had
by RingwormOne 9y ago
Of course they're capable. That's apparent. But a strong capital base does not fall into a nation's lap simply because its people are capable.
The Chinese had very little capital, then over the course of the 80's built it up. How? Through direct investment. They were given the investment because investors recognized that Chinese commitment to property rights and stability.