How is it that China flourishes with limited immigration and restricted trade?
How is it that China flourishes with limited immigration and restricted trade?
And china is a WTO member; if you look at it honestly, its trade is not more restricted than the US. Yes, it does try to make its own special standards, but they are similar to what the US does (e.g. with automative regulations or electronics regulations) -- it's simply that the US is a far more valuable market so people are more willing to jump through the necessary hoops).
Yes the US is even more open, but part of that is via agreements (like the now dead TPP) that were specifically intended to give preference to countries that were not China.
As for "flourishing"...let's just say that most of the poorest quintile in the US are wealthier and healthier than most of the richest quintile in China. Any absolute growth from a small number is a relatively large percentage.
Note: I am very much opposed to Chinese policies in many areas including the ones described above. But I can form that opinion without cliches like you hear from politicians).
On the flourishing point, I'd just add that China is struggling with flourishing not just on an individual wealth level but on a structural macroeconomic level. The move from state-sponsored heavy industries to consumer goods is still in huge jeopardy, and while its growing rapidly China is working hard to circumvent economic crisis.
Those cities are full of immigrants, taking up the badly paid shit jobs. They're all Chinese immigrating into China so "it's not immigration", but only in the same way Polish workers in the UK are "not immigrants" (not meant pejoratively, and frankly I admire what those people in the UK do, they deserve to be treated better than the British treat them. On the other hand, I do understand why the British labour class doesn't like them : they depress wages, conditions, and opportunity).
China is a country of 1 billion people. A slight minority, let's say 400 million people, live in the countryside (ie. everywhere except for some 30 dots on the map). Not in abject poverty (certainly not compared to 20 years ago), but certainly making a LOT less money than they do in cities and living in nicer natural environments, but worse conditions. So they migrate to the cities, take total shit jobs, and slowly become part of the Chinese cities.
This process has started, but is far from finishing (although I do think it's more than halfway through, but it's got another decade or so before it fizzles out)
So TLDR: China is not doing this without immigration at all. It's just that it doesn't really look like immigration for the same reason that the pretty sizable migration out of Chicago doesn't really look like immigration.
China has a lot of immigrants. Mostly from rural areas to urban areas. They are Chinese, sure, but because the different laws governing rural areas vs. cities they might as well be from another country. These cities (Shenzen, Hong Kong, Shanghai...) work with special trade regulations that are comparable to any other free-market countries around the world.
http://www.marketwatch.com/story/chinas-economic-problems-wi...
And even if our current economy truly can't flourish without immigrants and trade, there's still a viable argument to be made that building an economy on immigrants and trade was a bad idea and we should try to undo some of that.
Far from astronomical. 6/7%. It's very good compared to developed countries but the key for percentages is always understanding what is the original value you are growing from. China was a huge country both in size and population that began a transformation into a modern economy. They'll, sooner or later, become the largest economy in the world. But these growth ratios won't be sustainable. They'll stabilize around 2/3% once they fully develop their economic potential.
China can't possibly become a tax haven: too many mouths to feed.
And their per capita GDP is smaller than Romania's. When was the last time you heard someone praising Romania's standard of living over the US's?
I mean, from many points of view I wish they'd keep up this growth because they'd take us to Mars within 30 years if they did, but I can't possibly imagine how they'd keep up rates of growth of 7%+ once the vast majority of their population has already been taken out of subsistence farming.
China has 380m people making about $4-$10 a day in rural areas dying to migrate to better living conditions. That's more workers in rural areas than the US has people in total: men, women, children, students, retired, etc. These situations aren't comparable.
http://www.realclearworld.com/articles/2016/09/16/china_is_s...
As of 2014, over half of China’s roughly 770 million employed workers were urban workers. The problem is that the other half – almost 380 million people – are employed in rural areas. The urban households aren’t exactly raking it in, but the rural households have not progressed far enough beyond the World Bank’s arbitrary $3.10 to say they have escaped much of anything, and certainly not poverty.
The problem is as China's acquiring a "middle-class" that begins to resemble its American counterpart in the 1950s, the pool of people in China who will do just about any job is decreasing. Middle-class people use their increased economic security to develop a sense of vested agency and are less likely to voluntarily let their living and working standards dip. Therefore, the most exploitative production is moving out of the Chinese mainstream and into the rural fringes of its own society, or elsewhere altogether.
Primarily, their growth (in terms of the Cobb-Douglass equation) comes from increasing technology (the "A" in the equation) by adopting already-created technologies.
If you're at the frontiers of technology, you can't just implement pre-existing technology. You need policies that will help you invent new ones.
The rational person recognizes that, in fact, NONE of these things depend upon mass immigration. The elites aren't daft, and so they clearly want it for a separate, undisclosed, reason.
It may have an alternate future underneath the umbrella of a Chinese empire, but would likely being strangled by the compounded corruption.