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
It’s an interesting question, and the obvious answer is that right now that is exactly what China is doing. Their EV’s are a prime example. It will be like Japanese cars in the 80s, except about 3 times larger. The reason they didn’t do it before is that they were still developing a political system that gave them the stability to do these kind of things. And India lags in that department, that’s why it still lags. It’s also important to remember though that US dominance rose from many factors, not least being that their main competitors were financially ruined in WW2, including almost all their means of production. Coupled with that the free trade agreement across nations and the US dollar being the reserve currency, means the population of a country only becomes one factor in many.
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