43 minutes agoGreenell's proposal for Kosovo-Serbia: Shenzhen's outstanding economic growth in China
Periskopi(6 years ago)
(6 years ago)The White House's special emissary, Richard Green, has proposed an economic area of the Shenzhen type (in China) between Kosovo and Serbia, but probably out of ignorance this did not cause much fuss in the country. But what exactly is this area? China has long become the second largest economic superpower in [...]
China has long become the second largest economic superpower in the world after the United States. Few people know, though, that this country before the 1880 ' s was a weak economic ruin comparable to small, insignificant world economies.
It was an experiment that made China an economic superpower, and it all starts with the Special Economic Zone Shenzhen.
Being a communist country with centralised economies, China had agreed to have an experimental capitalistic economic zone where the communist economic system would not apply.
The Ssen Special Economic Zone was established in May 1980, becoming the first such economic zone. Since then, five more areas have been created.
Before it existed as a special economic zone, Shenzen was a small town with residents as long as Pristina, about 310 thousand. Of them, only 30,000 were at work. By the end of 2000, however, the population is reported to have grown from 12 to 14 million, with about 10 million as a labor force, writes Periscope.
From 1978 to 2014, The per capita GDP of this city rose to exponential proportions of 24,569%. /Periscope
