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That may have increased the speed, but it was not the fundamental cause.
China's time was coming, there was never any doubt about that. Especially in a globalized world, we just leveraged what already existed..
So how big do you think your consumer goods market in the 1970's was before foreign companies set up shop?
When they did set up shop...what percentage of those goods were sold to the average Chinese citizen?
That was the fundamental cause.
I disagree.
China could never be held down in a state of low development forever.
the greed of foreign businessmen (mostly overseas ethnic Chinese) just sped up the process.
You are right North Korea will snap out of it too....someday....may not be in our lifetimes though
I always thought it was the greed of "Jew controlled" corporate businesses.
Jews or not doesn't bother me, I am an Atheist so I don't care about religion.
Jews are a people (like Han) not a religion. Judiasm is their religion.
New Recruit
As for the other point, can you tell me why Sub-Saharan Africa is not improving despite letting in all the multinationals? You can see MacDonald's, but little to no other economic development
I don't see anything with "Made in Africa" printed on it. So whatever companies are there...they are not there for exports.
Do you seriously believe that letting MacDonald's into North Korea would suddenly make them into another China?
I'm talking about international manufacturing exports...not food joints. The 1970's dilemma wasn't about outsourcing McDonald's to China. The first McDonald's in mainland China didn't open up until the 1990's.
Even if Samsung moved their manufacturing facilities into North Korea or Sub-Saharan Africa, they wouldn't be competitive (and companies are still trying to start manufacturing in Sub-Saharan Africa).
The reason is infrastructure, and not just physical infrastructure such as the supply chain, but legal and administrative infrastructure to make things more efficient.
In order to make a country competitive, the country itself must be on the right path. If it's on the wrong path, all the multinationals in the world won't help.