The United States of America has for long been seen as the pillar of economic success and maturity of political affairs. However, China has recently made a name for itself for being an economic giant, whose growth model has become something to be desired.
It is now emerging that as far as adopting economic models of industrialized countries go, more countries are increasingly adopting the Chinese model over that of the USA. These findings are by a report by Afrobarometer here.
Although generally, the U.S. is in the lead, China is fast narrowing that gap. The research is said to have had 56,000 correspondents, 30% of whom ranked the United States first place, compared to the 24% that ranked China first. The graph below represent people opinion on the best economic development models:
However, when you look at regions such as North Africa, Central Africa, and the Southern Africa region. China’s popularity is pretty high, where the majority perceive their economic development model as the best; better than the United States.
Why do some like China’s model?
China rose from becoming one of the poorest countries in the …read more