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Not a field expert, but I'm fairly sure that China's vast economic growth is due largely to trade normalization with democratic countries in the last 20 years o
by cat199 7y ago
Not a field expert, but I'm fairly sure that China's vast economic growth is due largely to trade normalization with democratic countries in the last 20 years or so that happened after the fall of the USSR.
Both were subject to the 'dont trade with communists' policy during the time they both existed..
- oblio 7y agoChina actually turned the ship around thanks to Deng Xiaoping. It wasn't just trade normalization, it was also their adoption of many free market practices that allowed them to be competitive. Compare and contrast with Russia.
- AstralStorm 7y agoFunny enough Russia is even more capitalist than China. However, its capitalism is focused on resources and agriculture (esp. fishing) sector and not manufacturing (except weapons where they excel) - and keeps quite a bit of EU in stranglehold.
- cat199 7y agoHmm. interesting. But wasn't this the same time as glasnost/perestroika? And again, this doesn't happen in a vacuum.. Was non-communist policy (e.g the west) more favorable to china than russia?