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The point was more about narrowly describing the conditions under which they have succeeded, limiting how much you can conclude about the reasons. Playing catc
by unishark 6y ago
The point was more about narrowly describing the conditions under which they have succeeded, limiting how much you can conclude about the reasons.
Playing catch-up is always easier and faster. Growth requires risk-taking. but if you already know what "risks" to take by looking over the border at what the other country built, it's more just formulaic, which works great for a top-down approach. But once they stat getting into uncharted territory the top-down approach can switch from being the best to the worst as they inefficiently dump resources into the wrong directions.