Question
1) It is widely believed that free market economy and democratic political system will lead to better economic growth. Some question this belief by citing
1) It is widely believed that free market economy and democratic political system will lead to better economic growth. Some question this belief by citing the case of India and China in the past 40 years: China has outgrown India significantly despite having a totalitarian regime (From 1980 -2020, per capita GDP went from $267 to $1,901 in India, from $195 to $10,500 in China).
What do you think?
Watch this Ted Talk:https://www.youtube.com/watch?v=s0YjL9rZyR0 What do you have to say to Eric Li? (Think hard, don't buy in easily. )
2). Think of a country that you have visited or worked with/in, discuss the differences (distance) between that country and USA (e.g., using CAGE model in the article Distance Still Matters or Hofstedes' Cultural dimensions).
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