According to this dictionary site, “Nowadays, sympathy is largely used to convey commiseration, pity, or feelings of sorrow for someone else who is experiencing misfortune. This sense is often seen in the
Middle income traps are caused by slowdown of productivity growth, which is ultimately caused by lacking human capital for innovations. China, like the Asia Tigers but unlike Latin American and African countries, are unlikely to fall into that trap mostly because its people care about obtaining and growing knowledge in science and technologies. That appetite was installed by parents who care about doing good school work and good grades, better than others. …
Developing countries should set economic growth as their top priority, for that is the most important and most efficient driver for other changes. US leads the world by strong and contested preferences more than anything else. China has a dilemma as its people have single uncontested preference for materialistic gains at the cost of anything else. This creates huge opportunity costs but also shields the country from prematurely follow the US in all aspects of life. …
Read this piece from NY Times on the recent coronavirus caused crisis, and you will begin to understand why US is still much more powerful today than China, despite a
The insightful and interesting piece in the Economist told a story that may hold true for all economies, especially Asian economies including China: That state led development does not have
It has been one of the biggest myths in Chinese culture, a deep misunderstanding of the real priority among Chinese families over generations of time, and the exact opposite of
