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China didn't really attempt to start the process of increasing until the late 70s to early 80s. Their cultural revolution was focused on rooting out hidden ves
by monocasa 5y ago
China didn't really attempt to start the process of increasing until the late 70s to early 80s. Their cultural revolution was focused on rooting out hidden vestiges of the old power structures before attempting to modernize. Since that point their growth rate has been quicker, they just got started later.
- logicchains 5y ago> Since that point their growth rate has been quicker, they just got started later. That's not true. You can see the historical growth rates for China and Korea here: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2020&locations=KR-CN&start=1961&view=chart https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2... . China's growth rate at no point in time was greater than Korea's was in the 1970s and 1980s.
- monocasa 5y agoWhat? The highest points on that graph are Chinese. And there are similar Chinese bursts to the Korean one you're talking about, followed by China sustaining higher growth. Are we looking at the same graph?
- logicchains 5y agoThe highest single point is China, followed by a very low point the following year. If you average the growth rate over 3-5 year period their maximum rates are similar.
- monocasa 5y agoWell, the highest four points on the graph are Chinese. Yes you can cherry pick a three year period that makes Korea look good, but you can do the same with China.