Despite 40 years of unprecedented economic growth, Chinese leaders' efforts to promote their development model have run up against political suspicion. But it makes little sense for countries to reject outright the lessons of China’s economic miracle, and deepening
Good observations and advice.
Learning from China
Erik Berglöf, a former chief economist at the European Bank for Reconstruction and Development, is Director of the Institute of Global Affairs at the London School of Economics and Political Science
A system that requires wise leadership will suffer when the leadership is less than wise though it might achieve great things for a while.
ReplyDeleteOtoh, a system that is ethical may appear to be slow and inefficient but its gains will be lasting ones.
Nothing new here, this was written in the Book of Proverbs and elsewhere in the Old Testament about 3000 years ago.