Answer: Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. These two factors appear to have gone together hand in hand.
Explanation:
Answer
Economic growth
Explanation
According to the Solow Growth Model, economist Robert Solow found that greatest stimulus to economic growth originates from technology, resources and institutions. This model explains the long-run economic growth by defining capital accumulation, population growth and increased productivity collectively referred to as technological progress. The model predicts conditional convergence, which is to say for example countries that have similar characteristics converge to the same steady state, equal saving rates.
No, Thomas Jefferson and James Madison are the main two I believe.
<span>When the Chinese Civil War began (ending up with a Marxist regime on the mainland) there were no super powers. However, Japan took advantage of the situation by invading China.
At the end of World War II both the United States and the Union of Soviet Socialist Republics were too self-involved with social change to pay a lot of attention to China which traditionally has been an isolationist state, to begin.</span>
