Abstract
If one examines rapid progress period of developed economies, one finds that these economies started them mostly from poverty and low education with social and political order. Before WWII, German and Japanese economies were growing from poverty and low education. After the war, the two economies grew swiftly from poverty, even though human capital was not totally lost in the war.
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Zhang, WB. (2021). Mao Zedong and the Preconditions for the Butterfly Effect. In: The Butterfly Effect in China’s Economic Growth. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-9889-0_1
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DOI: https://doi.org/10.1007/978-981-15-9889-0_1
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