Japan-World Trends [English] The author of this blog will answer to your questions and comments. And this is the only place in the world where you can engage in free discussion with people from English, Japanese, Chinese and Russian speaking areas.
JapaneseChineseRussian

civilization


March 21, 2011

Authoritarian economy does not pay off in the end

Watching the semblance of success of the Chinese economy, some people allege that an authoritarian system can develop well against the conventional wisdom.

These people should take into account that the Chinese success is ephemeral. China has been growing mainly by transferring wealth from the United States (I mean their gigantic trade surplus). After the financial crisis they artificially boosted economy by massive spending and lending, and so far lack in DNA for autonomous development.

Comment

Author: Tristan | May 20, 2017 9:07 PM

naturally like your web site but you need to check the spelling on quite a few of your posts.

Many of them are rife with spelling issues and I in finding it very
troublesome to inform the truth on the other hand I'll definitely come
back again.

Post Comments





Trackbacks

TrackBack URL for this entry:
http://www.japan-world-trends.com/cgi-bin/mtja/mt-tb.cgi/1465