| Spanky |
03-09-2005 02:18 PM |
Wolfie
Quote:
Originally posted by Sexual Harassment Panda
Well, I stand corrected. I mean, who needs evidence when you've got faith?
A long-winded way of saying Cite, please.
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Lets look at Asia following world war II. The strongest growth after world war two was Singapore and Hong Kong. Both the freest economies. Then followed by South Korea and Taiwan - the next freest economies. After that the other Asian Tigers, Thailand, Malaysia, and Indonesia. These countries were late in the game until the late sixties and early seventies when they opened up their economies and experience strong growth (after right wing coups I might ad). India had a higher standard of living than South Korea in 1948 but then adopted the Soviet model for its economy. By 1988 South Korea's per capita income was ten times that of India. India per capita income is below all those I mentioned above. In 1991 India started implementing free market reforms and their growth topped two percent for the first time since 1948. The reforms have come in spurts and slowly, but India has slowly been opening up over the past twelve year and now they have around 7% growth per year. They are still way behind the Asian Tigers mentioned bove, but are catching up. However, they had a higher per capita income after the war than all the Tigers. After the communists took over in China, the per capita income went down until 1985 when they started to open up their economy under Deng Xiao Ping. In 1985 their per capita income was around half of Indias. However, since they started opening up their economy earlier China now has a higher per capita income. At the bottom of the list is Vietnam. As I said before they, they were at the top of the bunch in 1975 but after the communist takeover they dropped to the bottom. Since 1995 the government has played with economic reforms but keeps reversing their initiatives leaving the country very poor. Burma has had a socialist dictatorship for many years. They are controlled by the military, but the military has followed the socialist model, putting them in the bottom three. Then of course there is north Korea. After the Korean war the whole peninsula had pretty much the same economy. Now the estimates are that the average South Korean is thirty times as wealthy as their North Korea counterpart. I left out Japan because they were a developed country prior to the war. However, I am sure if Japan has gone communist, they would now be at the bottom.
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