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4min chapter
Tooze and Klein on China's Economic History and Future
ChinaTalk
China's Economic Growth Is a Great Miracle
The world saw china as a 'miracle waiting to happen' in 83, says Mathewson. The reason for this is not because there were these human capital issues that you might have seen other poor countries, but because of constant violence over the last 100 years. This led to significant under envestment of visical capital and left China with an education system ababout half the level of literacy it has today. But i think that's where hemperton sort of reconciled these stories, and why a lot of the growth that we've seen since the late seventies and early eighties hasn't been accidental. He asks: To what extent was it the communists, after forty
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