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China
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World War 2 drew a hard blow and left a serious and lasting effect to many Asian countries. This however, did not hamper the growth of as their government were taking serious steps to recover economically. These countries are growing at a tremendous pace to the extent of being capable in emerging as global market leaders.
's capitalism and boo ....
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....the economy. Though the easiest way to increase production was to increase capital inputs, could only afford a limited amount of capital construction. In accordance to this, went on a construction binge. Whole factories were purchased from abroad while others were built with local resources. By 1978, the frenzy for new projects reached a level.... |
| Word count: 584 |
Page count: 3 |
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