The high growth experienced by China in recent years is due primarily to better institutions and increases in its capital stock.

Question

Quizplus · Accepted Answer

There is evidence that China's high economic growth in recent years can be attributed to improving institutions, such as economic liberalization policies and market-oriented reforms, as well as significant increases in investments in infrastructure, technology, and human capital. These factors have helped to increase China's capital stock and enhance its productivity, leading to sustained economic growth.

The High Growth Experienced by China in Recent Years Is