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Many countries have been able to rapidly modernize by copying Europe and the United States. But each country hit a wall after they were out of things to copy, a
by jostmey 8y ago
Many countries have been able to rapidly modernize by copying Europe and the United States. But each country hit a wall after they were out of things to copy, and their economies slowed down. Both Japan and South Korea underwent rapid economic double digit annual growth, which tapered off as their economies matured.
China will probably hit a slowdown sooner than it should and before Japan or South Korea did because of its corrupt, authoritarian government
- benj111 8y agoYes, that doesn't negate the fact that China's growth so far has been very strong.