After World War II, several newly independent countries in Asia and Africa longed to shake off poverty as soon as possible, and they followed the advice of some economists and committed themselves to attracting foreign capital. Nevertheless, they remained trapped in poverty in spite of increased economic growth rate and per capita GDP, because there were only limited changes to their original systems.

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Introduction: Breaking Away from Path Dependence and Moving Forward under the Guidance of a New Development Ideology

  • Yining Li

摘要

After World War II, several newly independent countries in Asia and Africa longed to shake off poverty as soon as possible, and they followed the advice of some economists and committed themselves to attracting foreign capital. Nevertheless, they remained trapped in poverty in spite of increased economic growth rate and per capita GDP, because there were only limited changes to their original systems.