POST COLD WAR WORLD
RISE OF CHINA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Wealth
|
|
|
Poverty
|
|
|
Middle class societies
|
|
|
None of the above
|
Detailed explanation-1: -The armed conflicts, political realignments, and economic setbacks within Northeast Asia during the first half of the 20th century left China, Taiwan, and South Korea very poor by 1950, though China was clearly poorer. A number of observers described the extreme poverty of rural China in the decades prior to WWII.
Detailed explanation-2: -In the early 1980s, 94 percent of China’s rural population and 44.5 percent of its urban population lived on less than US$1.25 a day.
Detailed explanation-3: -I obtain a poverty rate of 87.5% for China in 1950. The corresponding poverty rate for SKT in 1950 is 73.3%-very high, but not as high as China’s. This is also consistent with observations from the historical record (Section 2).