Quote:
Originally Posted by BackinBlackSS/RS
Maybe, but they have been around for a VERY long time. Not our fault they only started to figure it out 50 years ago which coincidently was when our industrialization was kicking ass.  |
In the late 70s, after they finally realized the failed communist economic policies that haunted their society, they embraced market-based reform which categorized itself as a mixed economy. Ever since then they've become one of the fastest growing economies and are second only the U.S/Japan; however, the gap is still very large in terms of GDP and PPP.