I play an RTS game called Age of Empires 2, and even if a civilization was an age behind in tech it could still outboom and out-economy another civ if the population ratio was 1 billion : 300 Million. Like it wouldn’t even be a contest. I don’t understand why China or India wouldn’t just spam students into fields like STEM majors and then economically prosper from there? Food is very relatively cheap to grow and we have all the knowledge in the world on the internet. And functional computers can be very cheap nowadays, those billion-population countries could keep spamming startups and enterprises until stuff sticks.
In: Economics
For China their political system has held them back. The CCP as recently as last year placed restrictions on video games that wiped out over 80 billion worth of value from that sector in their economy.
Their insistence that foreign companies have to form joint ventures with Chinese companies also reduces investment both because of concerns about IP theft and because of forced shared revenue.
India is also a mess politically with the addition of a lot of religious struggles, tons of poverty, and a large part of the population still holding onto outdated beliefs and the outlawed caste system.
As someone else mentioned, the best and brightest from each often immigrate to western nations where they can have greater personal success and a higher quality of life.
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