Charlie Rose. This is the type of economy China can hope to "improve" towards.
Here is a link to The Economist's (Newspaper) Democracy index.
Notice that China sits in the lowest category, as one of the worst countries in the world, 141 out of 167.
Russia is in the same category as China, only higher at 117. Brazil is 45, South Korea is 22, United States is 19, Japan 21, Malaysia is 71. So who is China more likely to evolve towards in the next century?
Here is a Time article discussing that Malaysia has fallen into a middle income trap. How then is it that China, one of the most oppressive corrupt centrally planned economies in the world, is going to do as well, or better than Malaysia? Malaysian GDP is $8,600- Chinese is $5,200 in 2011 according to IMF.
It seems to me the most reasonable assumption is that China will follow a path of crony capitalism as Russia did when the Soviet Union collapsed.
Meanwhile, the American dream is still alive in Brazil.
Here is a link to The Economist's (Newspaper) Democracy index.
Notice that China sits in the lowest category, as one of the worst countries in the world, 141 out of 167.
Russia is in the same category as China, only higher at 117. Brazil is 45, South Korea is 22, United States is 19, Japan 21, Malaysia is 71. So who is China more likely to evolve towards in the next century?
Here is a Time article discussing that Malaysia has fallen into a middle income trap. How then is it that China, one of the most oppressive corrupt centrally planned economies in the world, is going to do as well, or better than Malaysia? Malaysian GDP is $8,600- Chinese is $5,200 in 2011 according to IMF.
It seems to me the most reasonable assumption is that China will follow a path of crony capitalism as Russia did when the Soviet Union collapsed.
Meanwhile, the American dream is still alive in Brazil.
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