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>The reason why is because Western countries embraced market-based economies whereas India, China, South America, etc. spent decades embracing socialism/communi
by imtringued 3y ago
>The reason why is because Western countries embraced market-based economies whereas India, China, South America, etc. spent decades embracing socialism/communism and threw away decades of potential growth/prosperity.
India is one of the most neoliberal countries in the world. Meanwhile China is much further ahead. The growth that China has experienced in the past few years exceeds the total economic output of India. Enjoy writing more comments in bad faith
- pjscott 3y agoIndia spent decades under a very restrictive economic regime. That changed a lot after the big liberalization of 1991, but the official economic policies are still moderately stifling. The comment you're responding to was not made in bad faith. https://en.wikipedia.org/wiki/Economic_liberalisation_in_India https://en.wikipedia.org/wiki/Economic_liberalisation_in_Ind...
- LewisVerstappen 3y agoAre you joking? Do you have any idea what happened to India after the British left up til the early 1990s? Maybe read up a bit - https://en.wikipedia.org/wiki/Economic_liberalisation_in_India https://en.wikipedia.org/wiki/Economic_liberalisation_in_Ind...
- Jensson 3y agoIndia and China were equally poor 1990, India was very poor back then yeah but so was China.