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Right but India and China have solid gdp growth for decades, and have been educating hundreds of millions and pulling them out of poverty while Russia: https://
by dmoy 9y ago
Right but India and China have solid gdp growth for decades, and have been educating hundreds of millions and pulling them out of poverty while Russia: https://tradingeconomics.com/russia/gdp-growth https://tradingeconomics.com/russia/gdp-growth
Three decades ago Russia had a literacy rate of like 99%++, while China was at like 60-70%. There was a lot of "free" growth to be had in China (obviously not free) by lifting the population. China's still got room to grow there.
Like a lot of things in economics, trajectory is important (maybe too important, idk).