1. China
... and light manufacturing. The result has been a quadrupling of GDP since 1978 (CIA, 1998). Agricultural output doubled in the 1980s, and industry also posted major gains, especially in coastal areas near Hong Kong and opposite Taiwan, where foreign investment helped spur output of both domestic and export goods. On the darker side, the leadership has often experienced in its hybrid system ... years, China's GDP has grown at an average annual rate of nearly 10%. Some economists have speculated that China could become the world's largest economy at some point in the near future. However, f...
- Word Count: 1081
- Approx Pages: 4
- Grade Level: Undergraduate