How did China go from POVERTY to becoming a GLOBAL SUPERPOWER? : China Growth case study

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  • Опубликовано: 9 сен 2024
  • thethinkschool...
    VIDEO INTRODUCTION: We all know China as one of the most powerful countries in the world, and it is so so hard to believe that a country that is known today as the second largest economy in the world with a 12 Trillion dollar GDP, just 45 years back, the same country was crippling with a 60% poverty rate!! While one side, today we see china as a futuristic solar and electric pioneer, the same country in the 1970s, was so backward that Chinese knew nothing but farming and that too during the peak of industrialisation! and lastly, While one side we see this glamorous Sky line of shanghai, its so hard to visualise that country had such a bad economy that millions of people died due to starvation!!
    So the question is, what exactly happened from 1978-2018 that China went being an impoverished country to becoming a global super power?
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