4 ms·
That's the wrong takeaway from the post, and I think you know it. Imagine what those countries would be like if they'd received the investment that the Chinese
by lenerdenator 5mo ago
That's the wrong takeaway from the post, and I think you know it.
Imagine what those countries would be like if they'd received the investment that the Chinese did 35 years ago.
- dismalaf 5mo agoThose countries are all significantly richer per capita than China. Especially somewhere like Czechia, which has already passed several Western European countries in wealth. How much richer do you think Czechia and Poland would be if they received more FDI in the 90's versus the 00's? They received way higher investment per person than China did as well. Also, China has some natural advantages, like being able to employ a ton of ultra cheap labour to engage in nation building projects. While the appearance of China is that of a rich country, they remain significantly poorer per capita than Europe.
- lenerdenator 5mo ago> How much richer do you think Czechia and Poland would be if they received more FDI in the 90's versus the 00's? If capital wasn't authoritarian, we would have found out.