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"The rest of the world outside China has remained at the same or worse poverty levels, largely." This largely is doing a lot of heavy lifting here. Specificall
by inglor_cz 4y ago
"The rest of the world outside China has remained at the same or worse poverty levels, largely."
This largely is doing a lot of heavy lifting here. Specifically, many countries in southeast Asia, geographically close to China but using different societal models, have grown much, much richer since 1950.
South Korea, Taiwan, Vietnam, Thailand, Malaysia, Indonesia have nowadays much higher living standards than they used to have.