SecondSlip Posted April 12, 2019 Share Posted April 12, 2019 Lots of people say that India's population is the reason for its poverty. But China has a higher population than India and a much lower poverty rate. What are they doing right that we aren't and what are some things that we can learn from them? Link to comment Share on other sites More sharing options...
chewy Posted April 12, 2019 Share Posted April 12, 2019 What lol are you even aware what China has done in last 30 years? It's unprecedented in human history at sheer force they have eradicated absolute poverty in such quick time India can not learn anything because India hasn't got the capability and people in India aren't willing to sacrifice for greater good Zero_Unit and Gollum 1 1 Link to comment Share on other sites More sharing options...
R!TTER Posted April 13, 2019 Share Posted April 13, 2019 India can learn one thing from China concentration reeducation camps, that's it. China hasn't achieved anything untouchable that we can't with the obvious weaknesses of a democratic system, having said that I'd like to add that the Chinese have sacrificed a lot for their nation especially under Mao. We have leeches sucking blood out of India, for their own greed & this is why we won't ever beat China. velu 1 Link to comment Share on other sites More sharing options...
Vilander Posted April 13, 2019 Share Posted April 13, 2019 Totally out of personal experience : Chinese people seem to have more stress tolerances and are more focused in general at the work in hand even with a slight cognitive disability. They are also very direct in problem solving and responcibility setting. Their systems are more centralised and simpliatic at executive level decision making. Link to comment Share on other sites More sharing options...
Tibarn Posted April 13, 2019 Share Posted April 13, 2019 Poverty is a function of economic freedom, rather than being based on population size. This same chart is enough Of course, I don't agree with Economists either, who tend to imply that more population is also good. A population can be better or worse, depending on who it is composed of. A country of 1 Billion Japanese is different than a country of 1 Billion Bakistanis. Economists don't tend to believe the above statement, because their overarching philosophy, at least of the sane ones, ie those who understand that Socialism is a joke, has some patently untrue assumptions. Moochad, Mariyam and chewy 3 Link to comment Share on other sites More sharing options...
chewy Posted April 13, 2019 Share Posted April 13, 2019 2 hours ago, Tibarn said: Poverty is a function of economic freedom, rather than being based on population size. This same chart is enough Of course, I don't agree with Economists either, who tend to imply that more population is also good. A population can be better or worse, depending on who it is composed of. A country of 1 Billion Japanese is different than a country of 1 Billion Bakistanis. Economists don't tend to believe the above statement, because their overarching philosophy, at least of the sane ones, ie those who understand that Socialism is a joke, has some patently untrue assumptions. What is economic freedom? Examples? Link to comment Share on other sites More sharing options...
Trichromatic Posted April 13, 2019 Share Posted April 13, 2019 Not that simple, but China has more resources also. Link to comment Share on other sites More sharing options...
Mariyam Posted April 13, 2019 Share Posted April 13, 2019 3 hours ago, Tibarn said: Poverty is a function of economic freedom, rather than being based on population size. This same chart is enough Of course, I don't agree with Economists either, who tend to imply that more population is also good. A population can be better or worse, depending on who it is composed of. A country of 1 Billion Japanese is different than a country of 1 Billion Bakistanis. Economists don't tend to believe the above statement, because their overarching philosophy, at least of the sane ones, ie those who understand that Socialism is a joke, has some patently untrue assumptions. When you say economic freedom, does it also mean freedom to internally migrate for better economic options? India has been having that from 1947. China doesn't, neither did the USSR and they could alleviate more people out of poverty. Or fudge stats, in the case of the Soviets. Basically, what do you imply by economic freedom in this chart? Link to comment Share on other sites More sharing options...
Tibarn Posted April 13, 2019 Share Posted April 13, 2019 (edited) 4 hours ago, chewy said: What is economic freedom? Examples? 2 hours ago, Mariyam said: Basically, what do you imply by economic freedom in this chart? It involves more than I can type right now. Economic freedom is multifactorial. There are 3 different indices which measure it, both the UN, World Bank, and the Indian Government use Ease of Doing Business, The World Bank also uses/the chart I posted comes from The Heritage Foundation, and there is a Fraser Institute which makes one, but I rarely see the lattermost one myself. I am going to ignore Fraser's index for now. I prefer HF. The two links let one read into it further. The spoilers just list what are the factors measured. Here are the criteria used in EODB http://www.doingbusiness.org/en/methodology Spoiler Methodology DB19 questionnaire instruments Research papers supporting the methodology Download dataset Starting a Business (PDF, 358KB) The Regulation of Entry (PDF, 131KB), by Djankov and others, Quarterly Journal of Economics, Feb 2002. Zip (dta format, 20KB) Dealing with Construction Permits (PDF, 343KB) Getting Electricity (PDF, 511KB) Electricity Connections and Firm Performance in 183 countries, by Geginat and Ramalho, May 2015. Registering Property (PDF, 388KB) Getting Credit Legal (PDF, 477KB) Private (PDF, 197KB) Public (PDF, 194KB) Private Credit in 129 Countries (PDF, 238KB), by Djankov, McLiesh and Shleifer, Journal of Financial Economics, May 2007. Excel Protecting Minority Investors (PDF, 321KB) The Law and Economics of Self-Dealing (PDF, 816KB), by Djankov and others, Journal of Financial Economics, June 2008. Excel Paying Taxes (PDF, 1.13MB) The Effect of Corporate Taxes on Investment and Entrepreneurship, by Djankov and others, American Economic Journal: Macroeconomics, July 2010. Excel Trading Across Borders (PDF, 462KB) Trading on Time (PDF, 100KB), by Djankov and others, Review of Economics and Statistics, Nov 2008. Zip (dta format, 56MB) Enforcing Contracts (PDF, 199KB) Courts (PDF, 691KB), by Simeon Djankov and others, Quarterly Journal of Economics, May 2003. Zip (Excel) Resolving Insolvency (PDF, 338KB) Debt Enforcement Around the World (PDF, 216KB), by Djankov and others, Journal of Political Economy, Dec 2008. Excel Additional Topics* DB19 questionnaire instruments Research papers supporting the methodology Download dataset Labor Market Regulation (PDF, 372KB) The Regulation of Labor (PDF, 270KB), by Botero and others, Quarterly Journal of Economics, June 2004. Excel Here are the criteria used in HF. https://www.heritage.org/index/pdf/2019/book/methodology.pdf Spoiler Q.3. How do you measure economic freedom? We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom) Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. More information on the grading and methodology can be found in the appendix. Some years, more measures are added to these indices which can make it confusing when one just looks at pure rankings derived from the data. The key thing is to look at average/composite scores, at least in my opinion. The biggest categories I am concerned with are: business regulatory environment , tax burden, trade regulations, property rights, legal enforcement, government spending, and labor laws. Edited April 13, 2019 by Tibarn chewy, Mariyam and Moochad 3 Link to comment Share on other sites More sharing options...
Ranvir Posted April 14, 2019 Share Posted April 14, 2019 Democracy has been a disaster for India. China has one party, they focus only on improving the country not winning the next election. China had a cultural revolution in which they eradicated backwards systems that negatively effected their country. Indians still believe in the caste system and so called Babas influence masses of people. China are much more focused and detail orientated. They get the job done, no chalta hai attitude. Biggest democracy in the world is a joke term! Link to comment Share on other sites More sharing options...
Zero_Unit Posted April 14, 2019 Share Posted April 14, 2019 India/Bangladesh/Pakistan/SriLanka/ETC are all in the same boat OP, mentality wise. Sacrifising something for the greater good is not part of desi people's culture. China is in a different level, soon to be an elite. Link to comment Share on other sites More sharing options...
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