Summer School 6: China, Taiwan and how nations grow rich

This podcast episode delves into the transformative journeys of China's and Taiwan's economies, highlighting the pivotal moments that sparked their growth, such as the secret contract in Xiaogang that laid the foundation for economic freedom in China and Deng Xiaoping's pragmatic philosophy that embraced change, alongside Taiwan's focus on technological innovation driven by visionary leaders like K.T. Lee, ultimately revealing the critical elements of urgency, accountability, and resource availability that shaped the remarkable success of East Asian economies.