Page "Transport in China" Paragraph 76
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Some economic experts have argued that the development gap between China and other emerging economies such as Brazil, Argentina and India can be attributed to a large extent to China's early focus on ambitious infrastructure projects, notably mass transport and transit related projects.
While China invested roughly 9 % of its GDP on infrastructure in the 1990s and 2000s, most emerging economies invested only 2 % to 5 % of their GDP.
This considerable spending gap allowed the Chinese economy to grow at near optimal conditions while many South American economies suffered from various development bottlenecks ( poor transportation networks, aging power grids, mediocre schools ...).
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