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What led to rapid growth in china even when India, China and Pakistan together adopted the strategy of economic reforms?

Answer»

When many developed countries were finding it difficult to maintain a growth rate of even 5 percent, China was able to maintain near double-digit growth rate for more than two decades. It was 3.6 percent in Pakistan. The reasons of this low growth rates are reform processes and political instability. The total cultivatable area in China accounts for 40 percent of the cultivatable area in India. China’s development strategy is its Great Leap Forward (GLF) which aimed at the high-scale industrialization of the economy. Therefore basis of growth rate of China is manufacturing sector where as it is service sector in India. China has least index with respect to income, population below poverty line or health index – death rate, sanitation, literacy, life expectancy or malnutrition etc. Since 1978 growth rate of GDP was around 10 percent. In economic size, China is supposed today only by the U.S., Japan, Germany and France. One child norm is important in reducing the population ,it has controlled its population growth rate through the One Child Policy programme.



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