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Why Are China and India Growing So Fast? State Investment

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opednews.com Headlined to H3 9/4/16

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Suzhou train station, China
Suzhou train station, China
(Image by Sharon Hahn Darlin)
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The reason for this, as analyzed in the case of the U.S., was that state investment failed to rise rapidly in order to compensate for a stagnating or falling rate of growth of private investment. In contrast China and India, by rapidly raising state investment, were able to achieve far higher growth rates.

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