4 ms·
China's growth is stalling because the export oriented industrialization process it tapping out and because they've already reaped most of the demographic divid
by pydry 3y ago
China's growth is stalling because the export oriented industrialization process it tapping out and because they've already reaped most of the demographic dividend.
Can you think of another example of a country that did better by following the standard neoliberal washington consensus advice from the 70s/80s/90s?
Chile and Russia are two examples that I can think of that followed western proscriptions at one point (70s/80s and 90s) but it didn't exactly work out well for either of them.