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by jstevens85
4421 days ago
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South Korea - military dictatorship until the late 80s Taiwan - one party state + martial law from 1949 - 1987. Singapore - one party has held power for over 40 years. These three countries have transformed themselves into advanced high-income economies. My expectation is that China will follow the same path as its neighbours - authoritarian government + restrictions on personal freedom during the rapid industrialisation phase, then eventually a transition to a functioning democracy once urbanisation is mostly complete. If China can attain the same GDP per capita as the Asian Tigers, then it will easily be larger than the US economy. |
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