|
|
|
|
|
by ptaipale
3697 days ago
|
|
It's a lot more free than it was until late 1970's and China has got tremendously richer as a consequence. Nor is South Korea a model of freedom; it was authoritarian, it was and still is protectionist. But it did integrate to world economy. Compare it to North Korea, which started off as equally poor, and which has real, concrete, deadly famines in recent memory. Same applies to R.O.C. Taiwan; autocratic, even corrupt, but reached out to world market (and as a consequence forced the mainland China to follow). Singapore and Hong Kong: very free trade all the time, and way ahead of others in the region. |
|
In all of those cases those countries were given tacit approval by the US to enact protectionist trading policies and yet maintain their access to US markets.