Hacker News new | ask | show | jobs
by fgf 5785 days ago
I don't.. It's population is as big as russias and bigger than any other nation with a comparable average national IQ (besides the US) and some kind of capitalism. I can't think of a single example of this combination not leading to convergence with the highest gdp capita countries.
1 comments

I guess this is the key. Still the nation went from a level of pre-industrialization and through the devastation of the second world war to be the second largest economy in te world. If I understand correctly the economy has been relatively stagnant for sometime too and has still held its position.
The numbers for Germany aren't too dissimilar.