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Manufacturing for export with Western companies was central to China's rise - same goes for Korea, Japan, and Taiwan - but there was more to it than comparative
by biophysboy 4y ago
Manufacturing for export with Western companies was central to China's rise - same goes for Korea, Japan, and Taiwan - but there was more to it than comparative advantage/labor arbitrage. There was a lot of heavy-handed government action: land reform dispossessing wealthy families, aggressive/protectionist state financing, etc.
- hahaxdxd123 4y agoSomeone read "How Asia Works"!
- biophysboy 4y agoYa got me. In my defense, its not the only book on Asia I've read