Which Asian nation underwent the most dramatic transformation to become the fastest-growing economy in the world?

Question

Quizplus · Accepted Answer

China underwent the most dramatic transformation to become the fastest-growing economy in the world. In the 1970s, China's economy was primarily agricultural, and the country was isolated from most of the world. However, in the late 1970s, Deng Xiaoping initiated a series of economic reforms that opened the country to foreign investment and liberalized the economy. Since then, China has experienced rapid industrialization and modernization, resulting in an average annual growth rate of 9.5% between 1980 and 2019. As a result, China has become the world's second-largest economy and is expected to overtake the United States as the world's largest economy by 2030.

Which Asian Nation Underwent the Most Dramatic Transformation to Become