I don't think any other society in history has lifted as many people out of poverty in as short a time.
I don't think any other society in history has lifted as many people out of poverty in as short a time.
To achieve growth in a small country, you can be nimble and find relatively small market opportunities and then exploit them relentlessly. That simply doesn't scale to 1bn+ people.
Economic reality is actually the opposite of what you state. A big country represents a big domestic market - you don't need export niches or even good products, but can just build to service the internal markets, with massive economics of scale - and then muscle your way into foreign markets when all your corporations are 800lbs gorillas.
If Taiwan is wealthier than the PRC, it is not because their economy and population is so tiny - there is another reason...
https://www.cia.gov/library/publications/the-world-factbook/...
You need to get to Norway before you see a reasonably sized country.
If what you claimed was true, the US would be on top.
These two discussions are completely orthogonal.
http://faculty.georgetown.edu/mh5/class/econ102/readings/myt...
Japan 1960-1985 is another good example.
With regard to the authoritarian structure of China, one disease that persistently affects these systems is adverse selection based on cultural evolution, i.e. the populace "learns" to get around the system and it works as long as the system is sufficiently oppressive that most people sympathize with the rule-breakers, see also the War on Drugs and de facto legalization of marijuana in some small towns. The thing about corruption in bureaucratic heir-choosing (Caesarian?) systems is that once corruption gets in there's almost no way to get it out whereas a democracy can rebel
The classic example of this is how landline telephony is much less prevalent than cellular in much of Africa. Landline technology was effectively skipped. I don't think African governments and societies are benefitting at the expense of western cell phone businesses. It's not a zero-sum game in this respect.
It seems fairly unlikely to me that China turned into the manufacturer of the world in such a short period of time without being gifted the skills and technology to do so. And now, companies like Xiamoi can now challenge (or, at least run with) the tech leaders.
Pretty impressive transformation in < 20 years.