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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (36502)7/25/2003 2:00:33 PM
From: RealMuLan  Read Replies (2) of 74559
 
>>FOrced saving is needed, and this is politically difficult when peoople are actually hungry.<<

I think saving rate has much more to do with Culture than political system. Even during the feudal system in China, people saved. And Chinese people also saved a lot before the adopting of market economy in 1978. And they save a lot no matter where they live under what political systems. It is just a part of culture believe it or not.

>>After the early stages of development, democracy becomes increasingly useful. Examples -

The less-than-democratic state (dominated by the LDP) in Japan has kept them mired in a quasi-recession for a long time, lead ot mis allocation of capital, and produced a number of serious crisises which could have wrecked a very successful economy.<<

may be you are right, but it does not explain why now the US seems follow Japan step by step?<g>

>>South Korea and Taiwan have been more democratic and much more adaptive to problem solving. <<

Taiwan is not a right exemple here. Taiwan started election after JiangJing Guo (in late 1980s? I can't remember exactly), and before that it was worse than China (I have quite a few relatives from Taiwan). And Taiwan become rich because of the foreign trade, especially the trade with the US, not much to do with its political system.

And comparing Taiwan and Mainland China after 1980, I think China is much more adaptive to problem solving than Taiwan.
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