US EditionWhy Didn't China Get Poorer Like The Rest of African and Asian Countries?
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Why Didn't China Get Poorer Like The Rest of African and Asian Countries?
Empirical evidence shows that the global south is getting poorer than the global north. Very heterodox economists give their explanations which include imperialism and financial exploitation by the World Bank. However, China is the only country which breaks the mold. Heterodox and Marxian economics reasons are offered. What is missing from the article is a world-systems analysis which says that the world is divided, not just into core and periph…
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