Quote:
Originally Posted by aerohead
China's hybrid government may allow them advantages we'll never see here.
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Their main advantage is having a relatively blank slate to start with. Much easier to employ advanced techniques to infrastructure when you're initially building it, than to try to retrofit it into existing infrastructure.
Quote:
Originally Posted by oil pan 4
no minimum wage
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No minimum wage, if that's true, would be largely responsible for China's rapid development. Had labor been relatively expensive there, the factories would have been built elsewhere and China would continue in poverty. Minimum wage is what wealthy economies implement to ensure the undesirable jobs are done elsewhere.