Has China's growth in the last half century been greater than industrialisation of the United States in the C19th?
Adam Tooze concludes that while in proportionate terms the US accelerated growth remains unbeaten, in absolute terms (and in a more developed global context) the Chinese economic development path of the last 50 years really is unprecedented....
Does it matter?
Well, understanding China as we pivot away from the USA seems a good idea.
#China #economics
https://adamtooze.substack.com/p/chartbook-450-modern-growth-surges
Adam Tooze concludes that while in proportionate terms the US accelerated growth remains unbeaten, in absolute terms (and in a more developed global context) the Chinese economic development path of the last 50 years really is unprecedented....
Does it matter?
Well, understanding China as we pivot away from the USA seems a good idea.
#China #economics
https://adamtooze.substack.com/p/chartbook-450-modern-growth-surges
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