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Autocracy and Economic Freedom Brought Growth

Mon, 05/24/2010 - 15:08 — bens
Expert Name: 
Chen Ping
Time Period: 
Tiananmen Crisis
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http://media.asiasociety.org/video/chinaboom/CP-AutocracyAndEconomic.mp4
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Asian countries were able to develop because of their political autocracy and economic freedom.

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The Party
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Video Transcript: 
<p>These newly resurgent Asian countries were able to develop because of their political autocracy and economic freedom. This undoubtedly applies to China. Because China was a very closed country prior to the reform, China's labor costs and environmental costs were the lowest. Also, compared with South Korea, Taiwan, Singapore and Hong Kong, its political centralization was the strongest. In past 30 years of globalization, China's opportunities and growth surpassed that of the Four Tigers because of this combination of low cost and high political centralization.</p>
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Chen Ping explains why China has grown faster than other Asian countries by outlining its competitive advantages.