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> China just plays catchup. With a centralized government, you'll always be playing catchup. Japan/S Korea/Taiwan beg to differ. Those are under democratic gov
by tanilama 7y ago
> China just plays catchup. With a centralized government, you'll always be playing catchup.
Japan/S Korea/Taiwan beg to differ. Those are under democratic governance, but 'centralized' never the less. Japan has lion share of Semiconductor equipment, while South Korea and Taiwan are leading the most advanced foundry business.
- rayiner 7y agoCentralized in what sense? Those are all free market economies. On Heritage Foundation’s economic freedom index, Taiwan ranks in the top 10, ahead of the US, while South Korea and Japan rank around Germany or Norway, and ahead of Spain, Italy, or France: https://www.heritage.org/index/ranking https://www.heritage.org/index/ranking.