How China became so rich?
China nowadays is one of the potential countries in the world, but how they did this in a short period of time? China in the twentieth century was poorer than Cameroon; they suffer many crisis and revolutions against people in power. Mao the leader in China decided to invest in the heavy industry (coal, steel, etc) or to invest in agriculture. He thought that the bases of the other biggest countries like Great Britain, Germany or USA was the heavy industry, so he decided to decrease the level of production of rice to produce more coal and steel. This was the biggest error because a lot of people died because of hunger. Mao died, and Deng succeeded, he changed totally the idea of Mao and give incentives to people who cultivated and worked the land. This make that no more people died and China made profits exporting rise and cereals to other countries. Later China invested his money and tried to open his country to the world, to join the market and be a competitive player.
Nowadays China still growing and wants to reach the top of the world over USA, will they reach that objective? What do you think?
Do you think that other countries like India, Brasil or African countries can be new future potential countries like the case of China?
Good post! But you need to include a link to an article or video i English that you have read/watched on this topic!
ResponderEliminarWatch the past tense again!
they sufferED
and gAve incentives
Also:
China invested ITS money and tried to open ITS country
In my opinion, there are a lot of probabilities for China to become top of the world.
ResponderEliminarOnce, I read an article about China which said that China trains its future leaders: children between 3 and 6 years in a company learning MBA.
There are even old enough to go to school but they are studying a pre-MBA two years. So, this means that instead of kicking a ball, 3,000 Shanghai children between three and six years are spending one afternoon a week to learn key economic concepts in a children version.
China is training very well its citizens and, in my view, this is the key to success.
Nice comment Paula.
ResponderEliminar