Author: ceciliazhang

Why is China still a developing country   [Copy link] 中文

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This post was edited by sfphoto at 2018-6-14 01:43
pnp Post time: 2018-6-13 14:30
Your definition of devloped and developing goes against the standard, which is per capita GDP, so  ...

That’s the economic definition of being “developed” vs “undeveloped”. So that means the Arab Oil Sheikdoms plus the European and Offshore Tax Havens would qualify as “developed” due to their high GDP per capita even though those countries hardly have any manufacturing or technology industries. The Arab Oil Sheikdoms even depend upon imported workers to run their “modern” cities which were mostly built with foreign technologies.

China has the world’s largest infrastructure, manufacturing, technology and services industries with such breath and depth that is unequalled by any other country in the world. It is still classified as a “developing” country because of its vast “undeveloped” hinterland and large population of rural villagers. But I don’t think becoming a “developed” country would necessarily imply having a “developed” culture.. The USA is a good example of a “developed” country with an “undeveloped” culture.

What China needs to do is to reinvent traditional and Classical Chinese Culture to create a “modern” Chinese culture appropriate for a “developed” country. China is building the “hardware” to become a “developed” country; what China lacks is the “software” for a “developed” culture.

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sfphoto Post time: 2018-6-14 00:43
That’s the economic definition of being “developed” vs “undeveloped”. So that means the Arab O ...

'That’s the economic definition of being “developed” vs “undeveloped”

Yes, I deliberately stick to the economic definition which is more objective than the others.

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seneca Post time: 2018-6-14 08:57
Well, thanks for apprising Mr Pee the basics of economics although I doubt it will help him get a  ...

You have an “Alice in Wonderland” view of Europe as an Old World version of Disneyland. But reality is a lot harsher. Northern Europe led by Germany outperforms and thus dominates the rest of Europe. The Eurozone debt crisis saw Ireland, Spain, Portugal, Greece and Cyprus unable to refinance their national debts without getting bailed out by EU banks. In Eastern Europe, foreign-ownership of the banking/financial institutions ranks as the highest in the world due to the mass privatization of State-owned banks following the Fall of the Soviet Union. Foreign Capital from Northern Europe dominates the industrial sector in Southern, Central and Eastern Europe. The level of industrial development is highly uneven with Germany as the industrial and financial powerhouse leading the rest of Europe.

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