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> China is just as likely to get stuck in a middle income trap Japan wasn't a middle income country. They didn't get stuck in the middle income trap. In the ne
by zombieprocesses 9y ago
> China is just as likely to get stuck in a middle income trap
Japan wasn't a middle income country. They didn't get stuck in the middle income trap. In the next sentence you say that china is like japan right before they crashed and here you claim china is going to get stuck in the middle income trap. Those are contradictory assertions.
> They look a lot more like Japan economically right before Japan hit stagnation, than anything else.
How? Japan's urbanization rate in 1980s was over 90%. Japan's GDP was near parity with the US with half the population. China is at 50% urbanization. Their GDP is near parity with the US with 4X the US population. China today and Japan in the 80s are nothing alike. Not even close.
> Historical question: name all the economically very successful dictatorships of the last 200 years.
Every european country ( colonial power ). Saudi arabia, UAE, kuwait, etc. South korea, Taiwan, Chile, etc.
Also, you conveniently ignore the fact that there are far more economically poor democracies in the world.