Sprague Word

The future and more from Richard Sprague

Posted by sprague on May 16, 2012

Simply put, Chinese institutions are not as good as those in say Mexico. Thus, China will not overtake Mexico in terms of GDP per capita any time soon, hence Chinese growth rates will fall.

http://marginalrevolution.com/marginalrevolution/2012/05/the-myth-of-chinese-meritocracy.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28Marginal+Revolution%29

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