Something has to explain China's success relative to so many other developing countries. Maybe it's good policy and effective institutions, or maybe it's racial/ethnic essentialism--those Chinese, so "hardworking and entrepreneurial". They're truly a model minority!https://twitter.com/LiYuan6/status/1093818276285562881 …
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I'm very curious to know specifically which under-developed countries are doing poorly because their people are not "hardworking" enough. Maybe it's somewhere in Africa? Latin America?
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I know people don't want to credit the Communist party with anything positive, but as development economics, the "hardworking and entrepreneurial" hypothesis is a failure.
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The idea that economic development simply happens naturally, like mold on cheese, when the government "gets out of the way", is a Reaganite myth.
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Replying to @gabewildau @S_Rabinovitch
Imo, economic development needs all three of these to happen: 1. Brains 2. Hardwork 3. The clever economic strategy described by Joe Studwell in How Asia Works.
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