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China Tosses the Developed Nation Playbook: New Economy Saturday – Bloomberg

Bloomberg’s Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries.
Today’s modern leaders face a different set of financial challenges than their predecessors did, but also far more opportunities. And the conventional wisdom of past generations is just that- conventional. Good Money is dedicated to demystifying personal finance for the modern leader, helping them prepare for a better future.
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Contenders for South Korea’s presidential election gathered for a debate in March. Since the late 1980s, political pluralism has been a key feature of the increasingly sophisticated economy to China’s east. Beijing, however, isn’t interested in that strategy.

For decades, China rode a wave of economic success by following what its neighbors had done. But now it has truly veered from that path—foreshadowing a potential failure to achieve upper income, or developed-economy, status.
Authoritarian governments in South Korea and Taiwan showed how to pull millions of people out of poverty by overseeing rapid and sustained economic growth propelled by an export-led model. Bill Overholt, drawing on his research at (now-defunct) Bankers Trust, recognized how that could be applied in the People’s Republic of China in his 1993 book, The Rise of China.



Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.