alt Hacker NewsAmazing that advancements in Bangladeshi quality of life is due to only market forces! What an incredibly unique geopolitical phenomenon.
Amazing that advancements in Bangladeshi quality of life is due to only market forces! What an incredibly unique geopolitical phenomenon.
It’s not unique at all! When my dad was a kid in the 1950s, Singapore, China, South Korea, and Taiwan were poor—all under $1,000 GDP per capita. They were a little ahead of Bangladesh but less than a factor of 2. The U.S. at the time was around $10,000.
Today, Taiwan, Singapore, and South Korea are rich, and China is getting there. Multiple dirt poor Asian countries getting rich within a few generations thanks to One Simple Trick!