The reasons for the rapid development of the economy of China and India (20th century).

The first reason can be considered a low base. In the first half of the 20th century, both states were agrarian and the industry there was created almost from scratch, often using modern technologies.

The second reason is a demographically young population, a lot of cheap labor in cities that are close to the sea, and this allows you to export products faster.

The third reason is the domestic market and export opportunities around the world.

Fourth, the economy is not burdened with social burden; there is still no universal pension provision in China.



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